37 replies to this topic

[B-more Ravor]

GrimCoconut, on 09 February 2012 - 06:08 PM, said:

Not sure Ray restructures but it would be great if he did. He would save us quite a bit of money.

Unless you are talking about a straight paycut, restructing Ray is not a very good idea. Yes, they could reduce his base salary and cap number for this year, but it would only raise the amount of dead money they will have to account for in the future when he retires.

[Alexir]

We already don't know if Ed is going to come back so hopefully we don't go up to him asking him to take less. That might be the straw to break the Camel's back.

[GrimCoconut]

B-more Ravor, on 09 February 2012 - 10:34 PM, said:

Unless you are talking about a straight paycut, restructing Ray is not a very good idea. Yes, they could reduce his base salary and cap number for this year, but it would only raise the amount of dead money they will have to account for in the future when he retires.

That's what I meant. Pay cut. My bad. I doubt he does it, though. I just don't see us asking him to do it. It would have to be voluntary on his part, and I don't see that happening.

[JO_75]

Steelers have cleared $11.7 Million in cap space with the restructuring of Woodley's and Timmons' contracts. Woodley dropped his cap number from $11.5 Million to $4.94 Million freeing up $6.56 Million. Timmons' dropped his from $9.1 to $3.9 Million freeing up $5.14 Million in cap space.

http://profootballta...restructurings/

Edited by JO_75, 10 February 2012 - 02:11 AM.

[gabefergy]

Ravens4Real, on 09 February 2012 - 08:01 PM, said:

Ziggy Hood??? William Gay??? Heyward on top of them?? They are probably replacing Casey Hampton and Farrior. But even before Hampton and Farrior they have 4 of 11 under 30. And those four are real young. This upcoming season, sorry fellas, we really can't use the age thing because they are going to be pretty young.

I am not defending them. All I am saying is that they aren't just going to fall off the face of the earth. They have just as much young talent as us on D and probably more on O.

So they are replacing their NT and ILB with two DEs and a CB? They have several holes on their defense without legitimate players to fill them currently on their roster. They will have to draft for immediate help this year in their front 7 and their O line is still a mess.

[scrock]

Ravenseconbeast, on 09 February 2012 - 11:57 AM, said:

Steelers are restructing the hell out of their salary cap and it seems like majority of their veterans are all accepting the terms their FO is giving them.

http://www.steelersd...wrence-timmons/

Is there any chance we can do the same? Can few players like Ed Reed/Evans/Cundiff/Foxworth(possibly IR?) and few others can do this for us?

Of course, the Ravens are a top organization in this league...the Steelers are asking their players to restructure their deals, that doesn't necessarily mean they are taking pay cuts, the Ravens could rework deals and have the money more on the backend, they could extend a players deal and spread money out over more years, we could ask some veterans who want to stick around to take a pay cut

Ozzie has a plan to get under the cap even more than we already are....

I'd look for Foxworth and Lee Evans to be released and that alone would put us around 15 million under the cap i think...there will probably be some unexpected cuts too...I think we're in pretty good shape

The Steelers HAVE to restructure deals, they were 25 million OVER the cap....with the moves they have made they are still 10 million over

[Bazooka Joe]

The only reason to ask our guys to restructure is if we plan to make a big splash in free agency.

Otherwise there is no need.

[BmoreRavens732]

Am I the only one who thinks casey hampton looks like a fatter version of hines ward? I know im way off topic but just wanted to know

[Ravens4Real]

http://rotoworld.com...29/mike-wallace

In three days the Steelers have shaved almost $20 Mill in cap space.

[gabefergy]

Bazooka Joe, on 10 February 2012 - 02:48 PM, said:

The only reason to ask our guys to restructure is if we plan to make a big splash in free agency.

Otherwise there is no need.

Or maybe we want to re-sign our own Free Agents.

[Ravenseconbeast]

Bazooka Joe, on 10 February 2012 - 02:48 PM, said:

The only reason to ask our guys to restructure is if we plan to make a big splash in free agency.

Otherwise there is no need.

If we release foxworth & evans, according to JH from ESPN, that would be 19million dollar under the cap.


We need Ray Rice, Webb, Grubbs, and even possibly Flacco under contract. Lets just assume in rough estimate that it would be around 9m+7m+5m+11m = 34m. Which leaves around 15m to free up.


We already assume foxworth/evans is out. And assuming Ray Rice/Webb/Joe/Grubb is now signed here are the rest to keep or kick..

Unrestricted LB Brendon Ayanbadejo, C Matt Birk, G-C Andre Gurode, LB Jarret Johnson, LB Edgar Jones, LB Jameel McClain, NT Brandon McKinney, S Haruki Nakamura, DE Cory Redding, TE Kris Wilson and SS Tom Zbikowski.

Restricted CB Cary Williams, LB Dannell Ellerbe and RB Matt Lawrence


I see Cary Williams, Jameel McClain, Aynabadejo, Nakamura, and possibly Zibi staying. We also need a LT(would probably cost around +5m in FA).

[The Raven]

BmoreRavens732, on 10 February 2012 - 02:54 PM, said:

Am I the only one who thinks casey hampton looks like a fatter version of hines ward? I know im way off topic but just wanted to know

As dumb as that sounds... I think you're right! Smh! haha.

[gabefergy]

Ravenseconbeast, on 10 February 2012 - 04:37 PM, said:

If we release foxworth & evans, according to JH from ESPN, that would be 19million dollar under the cap.


We need Ray Rice, Webb, Grubbs, and even possibly Flacco under contract. Lets just assume in rough estimate that it would be around 9m+7m+5m+11m = 34m. Which leaves around 15m to free up.


We already assume foxworth/evans is out. And assuming Ray Rice/Webb/Joe/Grubb is now signed here are the rest to keep or kick..

Unrestricted LB Brendon Ayanbadejo, C Matt Birk, G-C Andre Gurode, LB Jarret Johnson, LB Edgar Jones, LB Jameel McClain, NT Brandon McKinney, S Haruki Nakamura, DE Cory Redding, TE Kris Wilson and SS Tom Zbikowski.

Restricted CB Cary Williams, LB Dannell Ellerbe and RB Matt Lawrence


I see Cary Williams, Jameel McClain, Aynabadejo, Nakamura, and possibly Zibi staying. We also need a LT(would probably cost around +5m in FA).

The problem is who is there to restructure? Maybe Yanda or Anquan. Suggs and Ngata already have a relatively low base salary, but I think they could free up 4-5M combined. Carr could be released for a small savings, but that seems unlikely to me. If we restructured all 4 of them I think it would save around 9M for this year's cap. Maybe it's worth it, and it might have to be done if Webb gets an offer. However, I dont think we will extend Webb unless we have to.

Also if we do extend Joe and Rice which both seem likely to get done, the immediate cap impact may not be as high as you indicated because their contracts could be backloaded as well. Joe's contract in particular will probably not change the cap for this year too much as he is already due a pretty significant amount on his rookie deal.

Edited by gabefergy, 10 February 2012 - 05:05 PM.

[JO_75]

I'm seeing all the restructuring the Steelers are doing and I must say, don't you think it makes the Steelers players upset about having to restructure their contracts just because the Steelers couldn't manage the cap right and are basically asking the players to take pay cuts to bail them out for their own mistakes. Honestly, if the Steelers would have done their Homework a little better on the Cap, maybe they wouldn't be in this situation but don't ask the players to take a pay cut just because they can't do math and wound up over the salary cap.

[Ravens4Real]

JO_75, on 10 February 2012 - 05:52 PM, said:

I'm seeing all the restructuring the Steelers are doing and I must say, don't you think it makes the Steelers players upset about having to restructure their contracts just because the Steelers couldn't manage the cap right and are basically asking the players to take pay cuts to bail them out for their own mistakes. Honestly, if the Steelers would have done their Homework a little better on the Cap, maybe they wouldn't be in this situation but don't ask the players to take a pay cut just because they can't do math and wound up over the salary cap.

You have a misguided view of what restructuring a contract means. No one is losing money of these players. It is actually beneficial, monetary wise, for the players to restructure. Say a players salary is $5.7 Mill and he gets restructred down to a salary of $700,000. That means that he restructured and saved his team that money. That $5 Mill he took off his contract is given to him that moment in a signing bonus that is then pro rated over the remainder of their contract for their cap.

So instead of taking his $5.7 Mill over the 17 weeks of game checks, the player is receiving $700,000 in game checks and $5 Mill today. Net present value of money actually puts the player in a better financial standing.

Also, the Steelers have one of the leagues best cap guys in Omar Khan (sp.?). I have read many articles of teams potentially targeting him for GM positions.

[B-more Ravor]

Ravenseconbeast, on 10 February 2012 - 04:37 PM, said:

If we release foxworth & evans, according to JH from ESPN, that would be 19million dollar under the cap.

Hensley's never been particularly good about tracking the salary cap. His "$8.5M under" figure only includes the 44 players that are presently under contract and doesn't include the RFA and EFA tenders that won't be made until early March.

So, his numbers are misleading. Those tenders will eat up quite a lot of that cap space that he is projecting.

[B-more Ravor]

Ravens4Real, on 10 February 2012 - 06:52 PM, said:

You have a misguided view of what restructuring a contract means. No one is losing money of these players. It is actually beneficial, monetary wise, for the players to restructure. Say a players salary is $5.7 Mill and he gets restructred down to a salary of $700,000. That means that he restructured and saved his team that money. That $5 Mill he took off his contract is given to him that moment in a signing bonus that is then pro rated over the remainder of their contract for their cap.

So instead of taking his $5.7 Mill over the 17 weeks of game checks, the player is receiving $700,000 in game checks and $5 Mill today. Net present value of money actually puts the player in a better financial standing.

Exactly, restructing deals is not what teams want to do, but it's what they have to do at times, but it comes at an expense.

They are creating cap space now, it's coming at the expense of future cap space - and it's cap space that they cannot get back.

Edited by B-more Ravor, 10 February 2012 - 09:45 PM.

[Bazooka Joe]

Great restructure tutorial.