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<blockquote data-quote="HardRightEdge" data-source="post: 809050"><p>You have to consider that not all of the 10 players the draftees might replace currently existing ones because they don't actually exist. Overthecap currently shows 46 guys under contract for 2019 season; Spotrac shows 48. This head count has been rising with IR replacements getting 2 year deals.</p><p></p><p>If we start with the 48 players from Spotrac, that leaves 5 open roster spots not currenlty counted against any projected 2019 cap number. So it's fair to subtract the Packers first 5 picks from available cap space.</p><p></p><p>Using the numbers in the Overthecap link above, assuming the Packers draft at position #11, the current subtractions from projected 2019 cap space to get to 53 players are:</p><p></p><p>Round 1: $3.23 mil</p><p>Round 1 (from New Orleans): $1.85 mil</p><p>Round 2: $1.26 mil</p><p>Round 3: $0.76 mil</p><p>Round 4: $0.68 mil</p><p></p><p>Total: $7.8 mil</p><p></p><p>Spotrac shows 2019 cap cost for the 48 players currently under contract for 2019 + a nominal amount of already incurred dead cap = $156.3 mil. overthecap shows $154.3 for 2 fewer players. That's about $1 mil discrepancy since the extra 2 players only count for about 1 mil. Let's go with spotracs more conservative number.</p><p></p><p>So, cap cost for the current 48 players + those first 5 draftees = $164 mil for a baseline roster of 53 players.</p><p></p><p>Subtract $1 mil for the practice squad. Subtract a minimum of $3 mil to be held in reserve for PUP/IR replacements through the 2019 season.</p><p></p><p><strong>Estimated baseline 2019 cap cost before free agency = $168 mil</strong></p><p><strong></strong></p><p>The NFL announced last week a projected team cap number for next season in the range of $187 - $191.1 mil. Let's use the mid-point of $189 mil.</p><p></p><p>According to the NFLPA, the Packers current cap space available for carryover = approx. $8 mil.</p><p></p><p><strong>Current estimated Packer 2019 cap number = $197 mil</strong></p><p><strong></strong></p><p><strong>That leaves $29 mil in 2019 cap space for free agents.</strong></p><p><strong></strong></p><p>Obviously this is a moving target as the March free agency period approaches, with some possible cuts to accrue more cap space, but this is about as close as we can get at this moment.</p><p></p><p>There's a possibility of two high value second contract players. But if, as some propose, Cobb and Matthews are brought back at, say, $5 mil a pop, then two high value free agents might be a bit tight as things stand currently.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 809050"] You have to consider that not all of the 10 players the draftees might replace currently existing ones because they don't actually exist. Overthecap currently shows 46 guys under contract for 2019 season; Spotrac shows 48. This head count has been rising with IR replacements getting 2 year deals. If we start with the 48 players from Spotrac, that leaves 5 open roster spots not currenlty counted against any projected 2019 cap number. So it's fair to subtract the Packers first 5 picks from available cap space. Using the numbers in the Overthecap link above, assuming the Packers draft at position #11, the current subtractions from projected 2019 cap space to get to 53 players are: Round 1: $3.23 mil Round 1 (from New Orleans): $1.85 mil Round 2: $1.26 mil Round 3: $0.76 mil Round 4: $0.68 mil Total: $7.8 mil Spotrac shows 2019 cap cost for the 48 players currently under contract for 2019 + a nominal amount of already incurred dead cap = $156.3 mil. overthecap shows $154.3 for 2 fewer players. That's about $1 mil discrepancy since the extra 2 players only count for about 1 mil. Let's go with spotracs more conservative number. So, cap cost for the current 48 players + those first 5 draftees = $164 mil for a baseline roster of 53 players. Subtract $1 mil for the practice squad. Subtract a minimum of $3 mil to be held in reserve for PUP/IR replacements through the 2019 season. [B]Estimated baseline 2019 cap cost before free agency = $168 mil [/B] The NFL announced last week a projected team cap number for next season in the range of $187 - $191.1 mil. Let's use the mid-point of $189 mil. According to the NFLPA, the Packers current cap space available for carryover = approx. $8 mil. [B]Current estimated Packer 2019 cap number = $197 mil That leaves $29 mil in 2019 cap space for free agents. [/B] Obviously this is a moving target as the March free agency period approaches, with some possible cuts to accrue more cap space, but this is about as close as we can get at this moment. There's a possibility of two high value second contract players. But if, as some propose, Cobb and Matthews are brought back at, say, $5 mil a pop, then two high value free agents might be a bit tight as things stand currently. [/QUOTE]
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