Lets recap (pun intended) how the cap has been spent so far this year along with required (or close to it) spending going forward:
When I started this on January 24, the Packers had 43 players under contract with an estimated cap cost of $174.5 mil for 2020. If the widely anticipated release of Graham was assumed at that time yielding $8 mil in additional cap, it would have been
42 players with a cap cost of $166.5 mil.
Today, the top
51 cap cost (including Graham's dead cap) is about $193 mil with 11 mil in remaining caps space. I don't think I've ever seen overthecap and spotrac be as close on these numbers as now.
Where have all the good times gone, some
$27 mil worth of cap spend, without signing an impact player and losing Bulaga?
- Aaron Jones base salary increase under the NFL's Proven Performance Escalator program
- Jamaal Williams base salary increase under the NFL's Proven Performance Escalator program
- Crosby
- Kirksey
- Truner
- Lewis
- Funchess
- Ervin
- 5 ERFAs who land in the top 51
- $40,000 base salary increase under the new CBA for anybody on a minimum 2nd. year or greater salary
- Since that gets us to 53 players, so there's an add back to the cap of $1.3 mil for the current players 52 and 53 who roll off.
I think that's everything.
Then there's the "required" spend going forward.
- Draft Class: $2.3 mil guestimate
spotrac estimates the first year cap for the 10 draft picks at $7.6 mil. They have not update their table for the new salary scale. The rookie minimum is increasing $100,000 and there will be some rippling increases going up the line.
Let's call the draft class $8.6 mil for yucks. If all 10 guys made the roster while going from the top 51 cap to the opening day 53 player cap, The current bottom 8 guys in the top 51 would roll off for an add back to the cap of $6.3 mil.
It should be noted that historically a 4th. round pick's first year cap cost was not much much more than the rookie minimum, so anybody in the draft class from that point down getting cut and replaced by some guy on a rookie minimum, a UDFA or a past PS guy who has not earned a accrued year, won't make much difference.
This year, 12 players x 17 weeks x $10,500 per week
That takes us to about
$6.6 mil in usable cap space at this time which could be used for rollover. There's still the ever popular "cut Taylor" and "cut Linsley" for substantial cap savings back into the pot though I wouldn't bet on it until they see who they get in the draft.