[CBFF] Inside the Bears: Totaling salary cap savings from BlackMonday - Sent Using Google Toolbar

[Phil DeNomme]

Why does the list seem dead?  I think Tom, Vic and I are the only ones that
are around lately.  lol

-----Original Message-----
From: cbff-bounces at chicagobearsfanforum.com
[mailto:cbff-bounces at chicagobearsfanforum.com] On Behalf Of ShannonToBeRead
Sent: Wednesday, February 20, 2008 9:23 AM
To: post at chicagobearsfanforum.com
Subject: [CBFF] Inside the Bears: Totaling salary cap savings from
BlackMonday - Sent Using Google Toolbar

I would encourage everyone to note that the term "Savings" in the list
below is deceptive.  The "Savings" will need to be used to sign a
replacement and, therefore, in most cases there is a loss involved.
Darwin Walker is probably the exception because it will probably take
less than the savings number to sign his replacement.

Tom S.
--
Inside the Bears: Totaling salary cap savings from Black Monday

Totaling salary cap savings from Black Monday



The ramifications of Black Monday, when the Bears cut ties with three
veteran starters in right tackle Fred Miller, wide receiver Muhsin
Muhammad and defensive tackle Darwin Walker, will be felt ultimately
when the team begins signing players in free agency. General manager
Jerry Angelo is trying to do that before the market opens at 11 p.m.
Feb. 28 in pursuing linebacker Lance Briggs, wide receiver Bernard
Berrian and special teamer Brendon Ayanbadejo, who will all be
unrestricted free agents. He's also offered a contract to defensive
tackle Tommie Harris, who is entering the final year of his contract.

Here is exactly what the Bears saved in the salary cap by cutting these
players:



Miller

2008 cap figure: $5,806,720
 Signing bonus remaining (dead money): $2,400,000
 Savings: $3,406,720

Muhammad

2008 cap figure: $3,306,720
 Signing bonus remaining (dead money): $2,400,000
 Savings: $906,720

Walker

2008 cap figure: $6,500,000
 Signing bonus remaining (dead money): $400,000
 Savings: $6,100,000

Total savings: $10,413,440

That gives the Bears roughly $30 million in available cap space.

As one league executive said, it's really no longer about that figure
because the cap has grown so much. Now, it's about cash on hand and in
the budget to sign players. With $30 million, that's enough room for
Angelo to sign all of his own players he wants and make a major splash
on the open market. That won't happen. Just keep in mind, the
difference between $20 million in cap room and $30 million really
isn't going to change what the team accomplishes in free agency. The
cuts were not made because of money.


 Posted by Brad Biggs on February 20, 2008 12:30 AM | Permalink

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