SkinsAllDay34 Posted February 29, 2008 Share Posted February 29, 2008 I was wondering...with the skins being just under the cap, can we go over it to sign players or is there a rule you cant or do we just pay a penalty like a luxury tax? Does anyone know Link to comment Share on other sites More sharing options...
chow184 Posted February 29, 2008 Share Posted February 29, 2008 do not pass go do not collect 200 dollars every contract needs to be nfl approved,if the contract would put the team over the cap it's voided out. Link to comment Share on other sites More sharing options...
2006Skins Posted February 29, 2008 Share Posted February 29, 2008 do not pass go do not collect 200 dollarsevery contract needs to be nfl approved,if the contract would put the team over the cap it's voided out. Just ask Denver. They went over the cap in 96 and 98 and got busted. Lost a 3rd round pick in the 02 draft. http://www.washingtonpost.com/wp-dyn/articles/A28969-2004Sep17.html It took a while, but they got caught. Link to comment Share on other sites More sharing options...
BigDFan5 Posted February 29, 2008 Share Posted February 29, 2008 every contract needs to be nfl approved,if the contract would put the team over the cap it's voided out. This is the correct answer Link to comment Share on other sites More sharing options...
inmate running the asylum Posted February 29, 2008 Share Posted February 29, 2008 Every team has to stay under the cap. The penalty among other things for being over the cap, the last time I read, was $1 million per day. Ouch! Link to comment Share on other sites More sharing options...
CrypticVillain Posted February 29, 2008 Share Posted February 29, 2008 Every team has to stay under the cap. The penalty among other things for being over the cap, the last time I read, was $1 million per day. Ouch! :thud: Link to comment Share on other sites More sharing options...
ldsdbomber Posted February 29, 2008 Share Posted February 29, 2008 can someone quickly remind me or point me to info about trades and the cap. How does a traded player count on the cap - does it count as though the original team released him, and then he counts also on the new teams cap or what? Link to comment Share on other sites More sharing options...
Robbnva Posted February 29, 2008 Share Posted February 29, 2008 Every team has to stay under the cap. The penalty among other things for being over the cap, the last time I read, was $1 million per day. Ouch! Snyder can afford it Link to comment Share on other sites More sharing options...
ldsdbomber Posted February 29, 2008 Share Posted February 29, 2008 answering my own question Question 1.12 What happens if a player is traded or retires? Answer: We already know that if a player is waived on or before June 1, the remaining signing bonus that has not been included in salary “accelerates” and is included in that year’s team salary. Acceleration also occurs when a player is traded or waived and picked up by another team. The new team is not responsible for any of the original signing bonus. The team that waived or traded the player is responsible for the accelerated signing bonus (in the same manner as described above). In most cases, if a player retires, the remaining signing bonus that has not been included in salary “accelerates” and is included in that year’s team salary. Thus, the team will take an immediate salary cap hit of the remaining signing bonus. from http://www.askthecommish.com/salarycap/faq.asp Link to comment Share on other sites More sharing options...
Robbnva Posted February 29, 2008 Share Posted February 29, 2008 can someone quickly remind me or point me to info about trades and the cap. How does a traded player count on the cap - does it count as though the original team released him, and then he counts also on the new teams cap or what? In transitions, if a player retires, is traded, or is cut before June 1st, all remaining bonus is applied to the salary cap for the current season. If the payroll change occurs after June 1st, the current cap is unchanged, and the next year's cap must absorb the entire remaining bonus. From Wikipedia. I think only the guaranteed money counts but the salary part of it probably transfers. So if skins would have traded Lloyd the skins would still have the cap hit for the remainder of his 10 mil guarantee, the new team would just have his salary, which of course they could renegotiate if they wanted to. Link to comment Share on other sites More sharing options...
PCinOz Posted February 29, 2008 Share Posted February 29, 2008 If you sign a player who's contract puts you over the cap, you have a small window from lodgement of that contract to the NFL to get back under the cap (48 hours I believe). Link to comment Share on other sites More sharing options...
skinsarethebest Posted February 29, 2008 Share Posted February 29, 2008 So does that mean that technically, without more restructuring by current Skins, we can't really pursue any free agents at all, if we really are just right at the threshhold of the cap? Link to comment Share on other sites More sharing options...
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