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

[Phil DeNomme]

Lol.  Oh, I see....

-----Original Message-----
From: cbff-bounces at chicagobearsfanforum.com
[mailto:cbff-bounces at chicagobearsfanforum.com] On Behalf Of Kenny Claxton
Sent: Wednesday, February 20, 2008 9:30 AM
To: post at chicagobearsfanforum.com
Subject: Re: [CBFF] Inside the Bears: Totaling salary cap savings
fromBlackMonday - Sent Using Google Toolbar

I'm waiting for the NFL Combine!

On 2/20/08, Phil DeNomme <pdenomme at gmail.com> wrote:
> 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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