Colts Salary Cap for 2009: $6,700,000 in cap space
For those of you wondering what the Colts cap situation is, take a look at Colts Cap and feel better about your team. The Colts should have roughly $6,000,000 in cap space entering 2009 with the bloated specter that was Corey Simon finally coming off the books. That's right folks! Even though corey Simon hasn't played a lick of football since 2005, he has been roughly a $6,000,000 hit againt Indy's cap. Now, he's gone. Finally, finally gone.
The downside to the 2009 cap is Peyton Manning will currently count $21 milion against it, and Marvin Harrison $13 million. The $21 million Manning hit is the highest Peyton's cap gets under his current contract, which he signed in 2004. His number drops down to $19 million in 2010 and finally $15 million 2012. Likely, Indy will re-negotiate Peyton's contract to spread out roughly $5 million over the next few years.
Harrison's contract is different. He is scheduled to get paid $13 million for the next three years. The Colts simply are not going to do that. They will ask Marvin to re-structure, and if he refuses they will release him. Either way, the Colts will have significant cap room to re-sign key free agents like OC Jeff Saturday, CB Kelvin Hayden, RB Dominic Rhodes, and DT Darrell Reid.
0 recs |
22 comments
|
Comments
That's Great
I read something this morning that the Colts’ cap room for next year is -2.7 million. Yes, negative. This is great news.
by TouchdownMonkey on Jan 6, 2009 1:49 PM EST reply actions 0 recs
Wow
Thats like a 10 million dollar swing from what I saw. 6.7 million may even be enough to pay for Saturday or Hayden, Reid and Ratliff. This is great news that changes my outlook on the season. This could be enough to get us a good free agent this offseason.
by Colts Homer on Jan 6, 2009 4:15 PM EST reply actions 0 recs
One thing..
Either Colts Cap is wrong or the media is wrong (and it could easily be the media). Everyone (including people like Adam Schefter) are reporting that cutting Marvin would only save the Colts’ ~6-7 Million, but would leave them on the hook for $6… According to Colts Cap, cutting Marvin would only put the Colts on the hook for 2 million, as the rest of his ‘guaranteed money’ is in the form of roster bonii, which are only paid if he’s, ya know, on the roster. So I’m not sure whose numbers are correct… I hope its Colts cap.
http://www.youtube.com/watch?v=xmGdAPjcgaM&eurl=http://www.only17points.com/&feature=player_embedded
by Nideak on Jan 6, 2009 6:13 PM EST reply actions 0 recs
by the way, since 2009 is the last year
That Peyton has any signing bonus money on the books, does anyone know how resigning him would work? It would take the roster bonus and base salaries off the book and then you’d just divide the remaining SB $ (3.7 million) over the years of the new contract, right? Because he said he wanted to retire in 5 more years, right? So just sign him to a new 5 year contract and get that $21 million dollar cap hit down to something like 10 to 14 million. That would be huge.
Then start cutting people that aren’t earning their salaries. When Rick Demulling became a shell of himself, Polian looked like a genius for picking Diem over him, but Diem has sure fallen off a cliff in the past 2 years.
http://www.youtube.com/watch?v=xmGdAPjcgaM&eurl=http://www.only17points.com/&feature=player_embedded
by Nideak on Jan 6, 2009 6:33 PM EST reply actions 0 recs
I thought for the cap hit for a signing bonus was split evenly through every year of the contract
but there’s a reason teams employ people for the sole purpose of working with the cap.
Shonn Greene for Heisman
Doak Walker award winner
144 yards per game
6.2 yards per carry
08 TDs per game > 06 GPA
by shake n bake on Jan 6, 2009 6:57 PM EST up reply actions 0 recs
it is, but only to like 5 years
but what I’m referring to is the fact that peyton still has 3+ million of signing bonus for this year, so if the Colts were to sign him to a new contract, what would happen to the base salary, signing bonus, and roster bonus from his current contract.
http://www.youtube.com/watch?v=xmGdAPjcgaM&eurl=http://www.only17points.com/&feature=player_embedded
by Nideak on Jan 6, 2009 7:07 PM EST up reply actions 0 recs
The cash they haven't paid him has no effect on the cap
so future salary and roster bonii (nice word) don’t count for anything.
Shonn Greene for Heisman
Doak Walker award winner
144 yards per game
6.2 yards per carry
08 TDs per game > 06 GPA
by shake n bake on Jan 6, 2009 7:27 PM EST up reply actions 0 recs
it's just you have to take signing bonus against the cap
because that money has been paid to the player, so teams need to be charged for it.
Shonn Greene for Heisman
Doak Walker award winner
144 yards per game
6.2 yards per carry
08 TDs per game > 06 GPA
by shake n bake on Jan 6, 2009 7:28 PM EST up reply actions 0 recs
yayaya
thats what i thought… so right now is the time to re-sign peyton, because he only has 3,733,333 left of signing bonus. I mean, he’s made a ton of money with the Colts, he’d be willing to resign to lower his ginormous hit, right? They could save around $10 MM if he’s willing to do that. I mean, I feel like we’re playing Madden to a degree with all of this ‘resigning, push money back’ stuff, but it seems totally within the realm of reason that resigning peyton, restructuring sanders and clark, and cutting Marvin could get the Colts around 20 million under the cap, which would be more than enough to reload for the final 4-5 years of the Colts’ window (I’m assuming that 5 years is when Peyton retires based on things he’s said in the past).
http://www.youtube.com/watch?v=xmGdAPjcgaM&eurl=http://www.only17points.com/&feature=player_embedded
by Nideak on Jan 6, 2009 8:05 PM EST up reply actions 0 recs
Colts will get an additional 10 million in cap space
I’m pretty sure, if Bav’s numbers are right, that the Colts specifically worked the contracts of Sanders and Clark is such a way that the Colts will free up $10,310,000 towards next years cap. $3,750,000 from Sanders and $6,560,000 from Clark, if you’re interested in the particulars. This will come from converting next years’ roster bonii into signing bonii for both players.
http://www.youtube.com/watch?v=xmGdAPjcgaM&eurl=http://www.only17points.com/&feature=player_embedded
by Nideak on Jan 6, 2009 7:09 PM EST reply actions 0 recs
That should be enough to resign Saturday, Hayden, Reid and Ratliff and if we cut Harrison, maybe make a splash in free agency. Thank God for roster bonii reconstruction.
by Colts Homer on Jan 6, 2009 8:48 PM EST up reply actions 0 recs
You know
just from a novice fan point of view, its amazing how smart polian is. I realize that he was one of the creators of this salary cap system, but when you look at all of the Colts contracts and you think, "omg, Peyton has a 21 million hit’ or ‘omg, dallas clark has a 13 million hit’, but then you realize they were all designed to be redone at some point. Even Marvin’s 13 million hit isn’t that bad, because its not all signing bonus hit. Its all really well done. Mathis and Brock, who signed shiny new deals, are all like a consistent 5-6 million hit, which is nice. He’s so good with the cap, and then when you go look at the specifics of different contracts, you see how they fit together.
http://www.youtube.com/watch?v=xmGdAPjcgaM&eurl=http://www.only17points.com/&feature=player_embedded
by Nideak on Jan 6, 2009 10:20 PM EST up reply actions 0 recs
ed johnson, tyjuan hagler, matt giordano
Won’t they want to keep those guys too? Johnson’s our only traditional DT, I don’t think Clint Session’s worth keeping around, and Giordano’s been consistent as a backup. Doesn’t that mean you have to up the ante on those three also? Also, assuming Federkeil goes may also be a stretch, though I’d like to see new blood replace both him and Diem. Have they been able to sign offensive linemen at a clip that we can expect them to fill the spots with quality players?
I’m trying to keep my optimism in check, especially with the amount of young talent on the roster, but they’ve got to do something about linebackers and linemen, not to mention find a slot guy if Gonzalez moves to wideout, and I wonder if it’s possible resign Saturday and Hayden and still get everything done.
by CooperManningsNotTrying on Jan 6, 2009 10:41 PM EST reply actions 0 recs
Holy hell, have you been paying attention to the team at all this season?
1. Ed Johnson isn’t even on the team anymore.
2. Session is arguably the second best linebacker the Colts have.
3. Giordano is good for nothing more than special teams. Bullitt completely owns him.
by KingRichard on Jan 6, 2009 10:53 PM EST up reply actions 0 recs
my mistake
I mistook Ed Johnson for Antonio Johnson; Session hits well but had a facemask on the drive that knocked us out of the playoffs and was seen mouthing off in some sort of stupid rage while walking off the field afterward; Bullitt’s better than Giordano, but that was my question, does that mean Giordano’s gone?
by CooperManningsNotTrying on Jan 7, 2009 6:49 PM EST up reply actions 0 recs
I think he is
Bullitt’s replaced him in the D and Silva can replace him on special teams for half the money.
Shonn Greene for Heisman
Doak Walker award winner
144 yards per game
6.2 yards per carry
08 TDs per game > 06 GPA
by shake n bake on Jan 7, 2009 7:06 PM EST up reply actions 0 recs
Well, with all of this cap space the Colts could consider going for Nnamdi Asomugha and Hanesworth, after resigning a few of the FA’s currently on the Colts roster of course. That’d be pretty sickening.
by KingRichard on Jan 6, 2009 10:56 PM EST reply actions 0 recs
Actually, I have a better idea. The Colts should sign Darren Sproles, thus eliminating the chance of the Colts ever losing to the Chargers ever again. I like this idea better actually.
by KingRichard on Jan 6, 2009 10:58 PM EST up reply actions 0 recs
Nnamdi would be a complete waste
He’s a shut down man to man corner. It’d be the equivalent of moving DeAngelo Hall from a 4-3 zone to a team that uses a 4-3 man to man system. I mean Hall wouldn’t be dumb enough to move from one system where he was considered one of the best to one he isn’t used to….OOPS!
Not saying Nnamdi wouldn’t do well, but he’d be a complete waste of money. Tampa 2s talent needs to be at the safeties and D-line mainly.
And Sproles didn’t beat us, Scifers did.
by monstersbox on Jan 7, 2009 10:14 AM EST up reply actions 0 recs
I wasn’t being serious about Nnamdi or Hanesworth.
And if you want to be technical, Sproles did beat the Colts with that TD in OT. =P
by KingRichard on Jan 7, 2009 11:20 AM EST up reply actions 0 recs
To be technical
It was actually this little flag filled with beans thrown about 3 seconds after the pass to Chambers went incomplete because of the “holding”. I’m just wondering how someone standing 20 yards away from the 5 yard holding area can take at least 7-8 seconds to make up his mind in a playoff OT game and go up to the head official and say “Oh dude, I’m sure, definitely 100% positive that it was holding.” And the lead official looks at him and goes “You sure? I mean, their entire season could hinge on this one call and we just told them about 30 seconds ago to bend over and hold their ankles while we stuck it to them with an even worse call.” “Oh yeah dude, I’m sure.”
Tell me why Foster would hold a lineman he had position on and was going around? I mean, that’s pretty much the dumbest possible thing a DT could do. “Wee! I got by the guy! Let me hold onto him so I make sure I slow down my progress and have chance at making a play even though I just totally got by this guy!” It had nothing at all to do with the fact that the OT had a block in the back and planted him on his face. And it effected the game that much? Really? They didn’t even run to that side of the formation, at all. Their line broke down on their strong side and that’s where the tackle was. Think about it, why would they double team Foster and not put a man on Freeney? Was Foster sitting at the line yelling at their dudes “WE HAVE NOW ENTERED AN ALTERNATE REALITY AND I AM ACTUALLY BETTER THAN DWIGHT FREENEY!” They didn’t block Freeney because they let him run free because the run did NOT go to that side of the formation. And apparently Foster was gaining a huge advantage laying on his face with dirt in his mouth while the other two SD lineman were loving the penalty.
But you know, you goto give them credit, they were making up for those non-calls of SD’s line trying to see how much pressure they could put on Freeney’s facemask before they completely ripped it off. Apparently as much as they wanted. Oh wait, Freeney’s a Colt…well scrap that.
by monstersbox on Jan 7, 2009 7:46 PM EST up reply actions 0 recs
Reading Coltscap wrong?
Saw your post that we have $6.7 Million in cap space right now for 2009. That is the 2008 remainder. According to Bav’s site, we are negative cap space right now (-$3.7 Million for 2009. Last year, they used a cap rule to carry over some remaining space from 2007. It is expected we do the same again but that would only open up a little space giving us plus about $3 Million. Hate to say it but Saturday is likely done for us. Love the guy. Polian’s first and main target is Hayden. Those of you who watch cap stuff should go to Coltscap and read Polians comments under Topics/News as the cap rules entering 2009 undergo some changes. We really are tight until we make some moves.
I believe Dallas Clark gets an $8.2 Million roster bonus that could be converted to a signing bonus opening up about $6.5 Million in space. The winds of change suggest we let Marvin go which would open up about $4 Million (less than most people think). We could rework Peyton but with the new rules, might find that a little more difficult than normal. as usual, don’t expect much action in Free agency. Come 2010, we will have the ability to be very active in FA if we want.
by pdodgers59 on Jan 10, 2009 11:41 PM EST reply actions 0 recs

by 




















