Understanding the NFL’s salary cap isn’t easy, which is why every team has a capologist to crunch the numbers.
Placing the franchise tag on Paul Soliai again would eat up all of the Dolphins' cap space.
However, being able to understand your budget is important when it comes to knowing what economic lane you or your favorite NFL team fits in.
Some of us are ballers, and some of us are bargain shoppers. The same applies for NFL clubs heading into 2012 free agency. The Miami Dolphins are stuck somewhere in-between.
Here’s February’s look at where every NFL team stands from an NFL salary cap standpoint headed into the free agent signing period, which begins on March 13 for players who aren’t cut before then.
SLOW DOWN!!!!!!!!
Before you dive into these numbers, and begin the speculation of what’s to come, it is VERY important that we point out a couple of issues.
First, the salary cap in 2011 was $120,375,000 soft, with teams having the flexibility to borrow $3 million from future years. That means the real cap was $123,375,000.
The salary cap for 2012 has not been set, but it is projected to be between $121-125 million, with teams being able to borrow another $2 million from future caps. Therefore, we’ll safely project the salary cap to be at $124 million in ’12. But please understand this is an estimation.
Second, keep in mind that teams must preserve at least $5 million to sign their rookie class. The more picks, the more cap space needed.
Third, understand that players and their salaries can be purged, or restructured to create salary cap space. However, guessing who that player might be is always risky, and complicated.
Finally, any player given the franchise tag receivers a guarantee of his annual salary, which is an average of the NFL’s top five players at his position.
So, last year Dolphins nose tackle Paul Soliai’s salary of $12.47 million was guaranteed fully, which means every dime of it comes off the books that season. A player tagged a second season receives a 20 percent raise, so if Soliai was tagged again he’d earn a salary of $15 million in 2012 (which is why he likely won’t be tagged again in 2012).
Now….here’s a look at the numbers, and the teams are broken up in three categories, which are explained.
POSSIBLE BIG SPENDERS
Teams that have the cap space to make big moves in free agency.
Cincinnati Bengals $80,641,237
Tennessee Titans $92,739,765
Washington Redskins $94,351,284
Kansas City Chiefs $95,844,195
Tampa Bay Buccaneers $98,899,458
Atlanta Falcons $100,227,174
Denver Broncos $101,389,121
New England Patriots $101,827,381
Chicago Bears $101,887,741
San Francisco 49ers $102,938,980
Cleveland Browns $103,789,162
WORKING ON A BUDGETTeams that aren’t up against the cap, but need to make smart moves to avoid trimming a ton of players and salaries.
Jacksonville Jaguars $107,270,274
Buffalo Bills $108,426,522
Seattle Seahawks $111,742,430
San Diego Chargers $111,960,165
New Orleans Saints $113,358,069
Philadelphia Eagles $113,964,694
Baltimore Ravens $115,670,281
Minnesota Vikings $116,078,422
Houston Texans $116,306,676
Miami Dolphins $116,636,173
Indianapolis Colts $116,773,288
Green Bay Packers $118,001,169
Arizona Cardinals $118,787,639
TIGHTENING THE BELTTeams that will be at, or over the projected salary cap once they’ve signed the rookie class. These teams must purge their roster moving forward. The higher the cap number, the more drastic the cut backs need to be.
St. Louis Rams $120,982,904
Detroit Lions $122,760,121
New York Giants $124,735,807
New York Jets $128,092,733
Dallas Cowboys $128,910,735
Carolina Panthers $129,962,768
Oakland Raiders $140,861,316
Pittsburgh Steelers $149,885,537
After taking a look at the early numbers my hope is you’ll understand why the Dolphins can’t do it big in free agency right now (quarterback upgrade is team owner Steve Ross‘ priority, then discount shopping from bargains) without restructuring plenty of contracts, or cutting a few high profile players.Also, keep in mind the free agent class will get enhanced over the next few weeks as teams try to get their books in order. Those players can sign with a new team immediately, but keep in mind they are usually damaged goods (injury history, declining play, problematic personalities, etc.).
Salary Cap Projections for 2012 NFL Season