Salary Cap

[K-Dog]

What are the consequences of exceeding the salary cap?

At what point in time do you have to be at or below that number?

[berad]

Got this from Wikipedia

[quote]
Penalties for violating or circumventing the cap include fines of up to $5 million, cancellation of contracts and/or loss of draft picks.[/quote]

[url="http://en.wikipedia.org/wiki/Salary_cap#Salary_cap_in_the_NFL"]LINK[/url]

Looking up some more stuff to see what I can find, it's an interesting question

[berad]

An article about the Broncos get fined and losing picks because they fudged the salary cap info, it's a few years old but I'm sure the rules haven't changed much - if at all...

[quote]
In December 2001, the Broncos were fined $968,000 and lost a third-round pick in the 2002 draft for violations reportedly relating to $29 million in deferred payments to quarterback John Elway and running back Terrell Davis.

On Thursday, the league announced that the Broncos have been fined $950,000 and will lose a third-round selection in next year's draft for circumventing the salary cap between 1996 and '98.[/quote]

[url="http://www.washingtonpost.com/wp-dyn/articles/A28969-2004Sep17.html"]LINK[/url]