2015 Draft - Salary Slots and the Cap

[BigKen]

Per Migel Benzan who keeps the Patriots Salary Cap on a daily basis:

As we know, the Patriots are set to have nine (9 draft picks in next week’s draft. As we also know, it’s highly unlikely that the Patriots will end up using those exact 9 picks. Whether they trade up or down, the Patriots are likely to move all over the draft board and it’s anyone guess which picks they will actually use.

However, for the purposes of this illustration, we’ll base our example on the present 9 picks.

With the new CBA’s rookie wage scale, the compensation for draft picks is now basically slotted, so based on the current 9 draft picks, the Patriots would likely have a Rookie Cap number of $5,482,042

Those Cap numbers would breakdown as follows:

1st round (#32): $1,260,364

2nd round (#64): $643,533

3rd round (#96): $563,750

3rd round (#97 – compensatory selection – Aqib Talib) : $561,504

4th round (#101 – from Buccaneers – part of Logan Mankins trade): $556,500

4th round (#131): $531,413

6th round (#178 – from Buccaneers – part of Jonathan Casillas trade): $466,279

7th round (#219 – from Titans – part of Akeem Ayers trade): $452,225

7th round (#253 – compensatory selection – Dane Fletcher): $446,474

Presently, the Patriots ’ bottom 5 Rule of 51 Cap numbers are:

47: Antonio Johnson $595,000 ($585K base salary + 10,000 offseason workout bonus)

48: Eric Martin $595,000 ($585K base salary + 10,000 offseason workout bonus)

49: Ryan Allen $585,500 ($585K base salary + 500 signing bonus proration)

50: Cameron Fleming $585,146 ($510K base salary + $75,146 signing bonus proration)

51: Chris Jones $585,000 ($585K base salary + no bonuses)

Again, the team will need to fit all 9 of the draft picks into its $5.482M Rookie Cap, but will not need $5.482M in overall Cap space to accommodate the signing of its draft picks.

So, based on the above numbers, only the first two (2) picks will have Cap numbers greater than Cameron Fleming’s $585,146, which is the Patriots’ 50th highest Cap number. As such, only those two will be part of the top 51 and, under the Rule of 51, will replace Cameron Fleming and Chris Jones who are currently 50th and 51st on the team’s Cap. Only Cameron Fleming ‘s $75,146 signing bonus proration will remain to count against the Salary Cap.

The Cap numbers of the remaining seven (7) draft picks will fall outside of the top 51, so the base salaries of those players, while counting against the Rookie Cap, will not count against the team’s overall Salary Cap. Only the signing bonus prorations for those players will count.

So, to calculate the exact impact of the Rookie Cap on the team’s overall Cap, the amount of the base salaries – $435K – for each of the lower 7 draft picks ($3.045M) can be deducted from the overall number of $5,482,042. Then, for the top two draft picks, while their Cap numbers do count against the overall Cap (by virtue of being part of the top 51 Cap numbers), they replace Cameron Fleming and Chris Jones so $585K of the duo’s cap numbers will be deducted from the team’s overall Cap.

When those three numbers ($3.045M, $585K and $585K) are deducted from the team’s Rookie Cap ($5,482,042), the true impact of the signing of the team’s rookies – $1,276,042 – is revealed.

So, that is how the Year One Rookie Allocation, a.k.a Rookie Salary Cap – the “cap within a cap” – actually works and demonstrates the actual impact of the Rookie Cap on the team’s overall Salary Cap and how it is fair less than most realize.

Slot Salary Prorated Signing Bonus July 1 Cap Hit September 10 Cap Hit
32 $435,000 $825,364 $675,364 $1,260,364
64 $435,000 $208,533 $58,533 $643,533
96 $435,000 $128,750 $128,750 $563,750
97 $435,000 $126,504 $126,504 $561,504
101 $435,000 $121,500 $121,500 $556,500
131 $435,000 $96,413 $96,413 $531,413
178 $435,000 $31,279 $31,279 $466,279
219 $435,000 $17,225 $17,225 $452,225
253 $435,000 $11,474 $11,474 $446,474
Totals $3,915,000 $1,567,042 $1,267,042 $5,482,042
Player 51 (Chris Jones) on the Patriots currently has a cap number of $585,000
NOTE: Picks 97 and 253 cannot be traded since they are compensatory picks
And, despite what some in the media may lead you to believe, that number won’t be anywhere near what the team’s Rookie Cap is reported to be.

- See more at: How the 2015 Rookie Salary Cap Pool Will Work for the New England Patriots :Patriots Salary Cap

 

[Southieinnc]

Per Migel Benzan who keeps the Patriots Salary Cap on a daily basis:

As we know, the Patriots are set to have nine (9 draft picks in next week’s draft. As we also know, it’s highly unlikely that the Patriots will end up using those exact 9 picks. Whether they trade up or down, the Patriots are likely to move all over the draft board and it’s anyone guess which picks they will actually use.

However, for the purposes of this illustration, we’ll base our example on the present 9 picks.

With the new CBA’s rookie wage scale, the compensation for draft picks is now basically slotted, so based on the current 9 draft picks, the Patriots would likely have a Rookie Cap number of $5,482,042

Those Cap numbers would breakdown as follows:

1st round (#32): $1,260,364

2nd round (#64): $643,533

3rd round (#96): $563,750

3rd round (#97 – compensatory selection – Aqib Talib) : $561,504

4th round (#101 – from Buccaneers – part of Logan Mankins trade): $556,500

4th round (#131): $531,413

6th round (#178 – from Buccaneers – part of Jonathan Casillas trade): $466,279

7th round (#219 – from Titans – part of Akeem Ayers trade): $452,225

7th round (#253 – compensatory selection – Dane Fletcher): $446,474

Presently, the Patriots ’ bottom 5 Rule of 51 Cap numbers are:

47: Antonio Johnson $595,000 ($585K base salary + 10,000 offseason workout bonus)

48: Eric Martin $595,000 ($585K base salary + 10,000 offseason workout bonus)

49: Ryan Allen $585,500 ($585K base salary + 500 signing bonus proration)

50: Cameron Fleming $585,146 ($510K base salary + $75,146 signing bonus proration)

51: Chris Jones $585,000 ($585K base salary + no bonuses)

Again, the team will need to fit all 9 of the draft picks into its $5.482M Rookie Cap, but will not need $5.482M in overall Cap space to accommodate the signing of its draft picks.

So, based on the above numbers, only the first two (2) picks will have Cap numbers greater than Cameron Fleming’s $585,146, which is the Patriots’ 50th highest Cap number. As such, only those two will be part of the top 51 and, under the Rule of 51, will replace Cameron Fleming and Chris Jones who are currently 50th and 51st on the team’s Cap. Only Cameron Fleming ‘s $75,146 signing bonus proration will remain to count against the Salary Cap.

The Cap numbers of the remaining seven (7) draft picks will fall outside of the top 51, so the base salaries of those players, while counting against the Rookie Cap, will not count against the team’s overall Salary Cap. Only the signing bonus prorations for those players will count.

So, to calculate the exact impact of the Rookie Cap on the team’s overall Cap, the amount of the base salaries – $435K – for each of the lower 7 draft picks ($3.045M) can be deducted from the overall number of $5,482,042. Then, for the top two draft picks, while their Cap numbers do count against the overall Cap (by virtue of being part of the top 51 Cap numbers), they replace Cameron Fleming and Chris Jones so $585K of the duo’s cap numbers will be deducted from the team’s overall Cap.

When those three numbers ($3.045M, $585K and $585K) are deducted from the team’s Rookie Cap ($5,482,042), the true impact of the signing of the team’s rookies – $1,276,042 – is revealed.

So, that is how the Year One Rookie Allocation, a.k.a Rookie Salary Cap – the “cap within a cap” – actually works and demonstrates the actual impact of the Rookie Cap on the team’s overall Salary Cap and how it is fair less than most realize.

Slot Salary Prorated Signing Bonus July 1 Cap Hit September 10 Cap Hit
32 $435,000 $825,364 $675,364 $1,260,364
64 $435,000 $208,533 $58,533 $643,533
96 $435,000 $128,750 $128,750 $563,750
97 $435,000 $126,504 $126,504 $561,504
101 $435,000 $121,500 $121,500 $556,500
131 $435,000 $96,413 $96,413 $531,413
178 $435,000 $31,279 $31,279 $466,279
219 $435,000 $17,225 $17,225 $452,225
253 $435,000 $11,474 $11,474 $446,474
Totals $3,915,000 $1,567,042 $1,267,042 $5,482,042
Player 51 (Chris Jones) on the Patriots currently has a cap number of $585,000
NOTE: Picks 97 and 253 cannot be traded since they are compensatory picks
And, despite what some in the media may lead you to believe, that number won’t be anywhere near what the team’s Rookie Cap is reported to be.

- See more at: How the 2015 Rookie Salary Cap Pool Will Work for the New England Patriots :patriots Salary Cap

Good work Ken. I have a headache. LOL