A close look at the Falcons' cap situation

Admin #1

Dan in Lafayette

Official SR Curmudgeon
Staff member
Administrator
Diamond VIP Contributor
Joined
Aug 1, 1997
Messages
55,543
Ratings
23,205
Age
63
Location
Lafayette, LA
Online


Steve Wyche / Atlanta Journal-Constitution

Falcons owner Arthur Blank said the team projects to have at least $23 million to spend in free agency this offseason. Maybe more. With the salary-cap expected to increase from $109 to $116-$117, Atlanta will gain $7 to $8 million. Some players could be asked to take pay cuts or they could be released.

AJC Falcons beat writer Steve Wyche breaks down where some of the $23 million could come from:

Michael Vick

Suspended and imprisoned quarterback Michael Vick's $7.5 million salary will not count against the salary cap this season. Since he is suspended he will not earn the 7.5 million in base salary he was owed. That cancels the 7.5 million that would have counted against the Falcons' salary cap. Atlanta will be able to add the amount as room under the cap. Vick remains on the roster (suspended list) so the team can recoup $3.75 million in bonus money a court ruling stated it is entitled to. Full Story – Journal-Constitution
http://www.ajc.com/falcons/content/sports/falcons/stories/2008/02/07/falcons_0208.html
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Similar threads




Saints Headlines (The Advocate)

Headlines

Top Bottom