Cap Update: 2.4 mil under

If BB comes to NOLA we don't let him leave

He goes to Harrahs with J Byrd

I wonder if PT's new deal is included in that?

In the days following the NFL draft, the league will announce each team’s “Year One Rookie Allocation” (formerly known as the “Rookie Pool” or “Rookie Salary Cap”). This is an oft misunderstood number, because while it is part of the team’s Salary Cap, it does not have a dollar-for-dollar impact on the team’s overall Salary Cap.
The Rookie Salary Cap is often referred to as “a cap within a cap” because it limits the amount that teams can allocate to their rookies in the year they were drafted (and over the life of the rookies’ contracts). But, beyond that, there is a lot of confusion about the Rookie Salary Cap and exactly how it works. Even some in the media do not fully understand the mechanics of it. Some have been heard to say that it’s a totally separate pool of money that is not included in the team’s overall Cap. Others think the entire amount of the Rookie Cap is included in the team’s overall Cap, meaning that teams will need that much overall Cap space to sign their rookies.
Both of those characterizations are incorrect.
The Rookie Cap is not a separate, distinct pool, but rather, a separate calculation and there is not a dollar-for-dollar correlation between the Rookie Cap and the overall Cap. So, while all of the Salary Cap numbers of a team’s draft picks must fit under the team’s Rookie Salary Cap, very rarely will all of that amount actually impact the team’s overall Salary Cap.
The reason for these misconceptions revolves around the Rule of 51, which is contained in Article 13 of the NFL’s Collective Bargaining Agreement. The Rule of 51 dictates that, from the beginning of the league year in early March until the beginning of the season, only the top 51 Salary Cap numbers and all of the pro-rata shares of bonus money for the players outside of the top 51 count toward the team’s overall Cap. All “dead money,” i.e. amounts that count against the Salary Cap for players who are no longer on the roster, counts as well.
Said a simpler way, during this period of the offseason, a team’s Rule of 51 Salary Cap number can be calculated by removing the base salaries of all players who do not fall amongst the top 51 Cap numbers.
This rule is necessary because, during the offseason, team rosters can number up to 90 players. As such, it would be impossible for teams to fit all of those players under the Cap. So, to counter this problem, the NFL has instituted the Rule of 51.
So, by way of example, let’s say a team’s 51st highest Cap number is $515K (a 2nd year minimum base salary of $480K + $35K in bonus proration) and the next highest Cap number is $490K (base salary of $480 base salary + $10K in bonus proration). Because the “52nd” highest Cap number doesn’t count against the Cap, that player’s base salary of $480K will not count against the team’s Cap, but his $10K in bonus proration will. This would also apply to all other players who are outside the team’s top 51 – the player’s base salary will not count, but any bonus prorations will.
OK, so what does this have to do with how the Rookie Cap works?
First, as way of further explanation, under the CBA of 2011, all rookies receive 4-year contracts, generally with a signing bonus and often with minimum base salaries set for each year of the deal. While 1st and 2nd round picks may have base salaries of more than the minimum in years two through four of their deals, even those players will almost always receive the rookie minimum base salary during their first year. For 2013, the minimum base salary for a rookie is $405K. For Salary Cap purposes, the bonus received by the player is prorated over the four years of the deal and that prorated amount is added to the base salary to create the player’s Cap number.
So, because of the low base salary and the small signing bonuses that many of the lower round draft picks receive, those draft picks will most likely not be amongst the top 51 Cap numbers on the team (assuming the team has at least 51 players signed or tendered). As such, under the Rule of 51, those players’ base salaries of $405K will not count against the teams overall Salary Cap and only the player’s bonus proration will count toward the team’s overall Cap.

He just gave bones a run for his money regarding essay worded posts

NFL Salary Cap - FAQ

At least I break mine up!

But really, thanks for posting that JPL.

$2.4m seems a bit low. But the websites I check have been off before. Either way it wouldn't be much more.

quote:

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You and OP sig sharing?

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That should be against the law

Assuming that was without consideration of Thomas' extension dropping his number. It's now down to about just under $2.2 million after Humber got signed to a vet minimum deal with a $65,000 signing bonus.