The Hawkstorian: Caponomics 2005, Continued

Questions abound around Seahawk Nation. Now that Bobby Taylor and Koren Robinson have been released, where does the team stand with cap money and the oft-mentioned Boulware Derby? The Hawkstorian, Seahawks.NET's salary cap guru, has the answers!

Now that Koren Robinson and Bobby Taylor have been released, the team has gained some wiggle room under the salary cap. My latest crunching shows the team with about $2.9M in available space. The figure is conservative, assuming all veteran players earn the maximum off-season workout bonus. Anytime I try to say with certainty what their exact cap status is, I have to qualify my answer with a simple “Give or Take”, since workout bonuses are constantly being adjusted throughout the off-season.

Of that $2.9M, the team needs about $1.5M to sign all the rookies. The team’s total rookie pool has been reported various places to be a little over $3.9M. Since only the salaries of the top-51 contracts count towards the cap in the off-season, only the bonuses of the lower picks will impact the cap. Chris Spencer and Lofa Tatupu will be the only draft picks to actually crack the top-51 deals, but even so, they will bump a couple of $380,000 deals off the list. When factoring in all these credits, I came up with $1.5M.

Give or take.

After lopping off the portion for the rookies, we’re looking at $1.4M left to add a veteran or two. Is that enough? Whoever is added, another $380K drops off the bottom of the list, so in theory, a player could be added for a nearly $1.8M cap figure. The two rumored names have been former Tampa Bay safety John Howell and former Baltimore Ravens linebacker Peter Boulware. The Seahawks could add both for a combined $2.2M. Give or take. Is that enough? What’s being demanded? What are these guys worth? I’m glad I don’t have to answer those questions.

Remember, however, that the rule of 51 is fleeting. Once the regular season starts, ALL players, including injured guys and the practice squad, count towards the cap. Depending on the makeup of the roster, more cap space could be needed to start the regular season. In recent years, veterans like Damien Robinson and Chad Eaton have been paid very handsomely to sit in the training room.

In 2003, the New England Patriots made safety Lawyer Milloy a cap casualty right at the start of the regular season. If the Seahawks keep adding veterans, they may be able to fit them in over the short term, but don’t be surprised if a veteran or two is cut in camp… not because another player was better, but because another player was cheaper. Such is the cold reality of today’s caponomics.

In total, the Seahawks’ off-season is quite remarkable in the players they’ve been able to add, while at the same time wasting millions of cap space on discarded players. As of June 2, the Seahawks have over $13.7M in dead cap space. Additionally, the team has already driven nearly $2.7 in dead cap into 2006, that being the accelerated bonuses of Taylor and Robinson. By comparison, the team’s total dead cap in 2003 was only $2.4M. The Seahawks already have more wasted space in 2006 than they did in 2003.

For your edification, here is the complete list of players the Seahawks have paid bonuses to who are no longer with the team, or are no longer playing under their original contracts:

Player

Dead Cap**

Simmons, Anthony

4,500,000

Terry, Chris

3,000,000

Brown , Chad

2,750,002

Robinson, Koren

1,166,666

Dilfer, Trent

1,000,000

Taylor, Bobby

750,000

Robinson, Damien

250,000

Palepoi, Anton

243,750

Davis, Chris

34,668

Jones, Donnie Jr.

21,467

Nyenhuis, Gabe

6,667

Davis , Marque

5,000

Gilford, Jernaro

3,750

Parker, Arnold

3,750

Moore, Sammy

3,750

Babineaux , Jordan

2,500

Brown, Isaac

2,500

Harden, Michael

2,500

Nazel, Omar

2,500

Frederickson, Tyler

1,000

TOTAL:

13,750,470

**Not including off-season workout bonuses that may have been earned - “give or take”.


"The Hawkstorian" writes about Seahawks history, the salary cap, and many other things for Seahawks.NET on an alarmingly regular basis. You can reach him at hawkstorian@yahoo.com.

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