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<blockquote data-quote="HardRightEdge" data-source="post: 606834"><p>It's worth noting the Ravens have only $7.1 mil in cap space at this time. McPhee's 2015 cap number with the Bears is $6.7 mil which they could not match and still sign draftees. Something had to give.</p><p></p><p>It was the same issue with Ngata; evidently he was going to be a $16 mil cap hit for the Ravens in 2015. Detroit is paying his $8.5 mil base salary while Baltimore is absorbing $7.5 mil in dead cap from prorated signing bonus and what looks like an option bonus.</p><p></p><p>You can figure Baltimore's spend on draft picks/52+53/practice squad at the #26 spot is similar to the approximately $3.5 mil for the Packers estimated above. Also, as noted above, you can expect some guys will end up on IR that will require replacements counting against the cap; $3.5 mil in cap would be a prudent minimum amount for replacements.</p><p></p><p>You can figure a team entering the draft with less than $7 mil in cap space (or more if they are drafting at the top of the first round) either:</p><p></p><p>(1) has a player or player that will yield some meaningful cap savings if they find a replacement or replacements in the draft, or</p><p></p><p>(2) they have some guy or guys who are not vested but have a meaningful cap hit and no guarantees that they would have no problem releasing in-season to open cap space in the event of vested players going to IR, a hard thing to find and/or manage, or</p><p></p><p>(3) they are inveterate gamblers, or</p><p></p><p>(4) they are bad at math.</p><p></p><p>So, an unattractive, if not unaffordable, value proposition in matching McPhee's Bears contract or in retaining Ngata's $16 mil cap hit does not necessarily make them lesser players. In fact, the Ravens might have preferred paying McPhee or Ngata vs. cutting some other high priced player on the roster, but if that other player had a large dead cap number then the needed savings would not have been gained.</p><p></p><p>A cap squeeze can make teams do things they'd rather not do.</p></blockquote><p></p>
[QUOTE="HardRightEdge, post: 606834"] It's worth noting the Ravens have only $7.1 mil in cap space at this time. McPhee's 2015 cap number with the Bears is $6.7 mil which they could not match and still sign draftees. Something had to give. It was the same issue with Ngata; evidently he was going to be a $16 mil cap hit for the Ravens in 2015. Detroit is paying his $8.5 mil base salary while Baltimore is absorbing $7.5 mil in dead cap from prorated signing bonus and what looks like an option bonus. You can figure Baltimore's spend on draft picks/52+53/practice squad at the #26 spot is similar to the approximately $3.5 mil for the Packers estimated above. Also, as noted above, you can expect some guys will end up on IR that will require replacements counting against the cap; $3.5 mil in cap would be a prudent minimum amount for replacements. You can figure a team entering the draft with less than $7 mil in cap space (or more if they are drafting at the top of the first round) either: (1) has a player or player that will yield some meaningful cap savings if they find a replacement or replacements in the draft, or (2) they have some guy or guys who are not vested but have a meaningful cap hit and no guarantees that they would have no problem releasing in-season to open cap space in the event of vested players going to IR, a hard thing to find and/or manage, or (3) they are inveterate gamblers, or (4) they are bad at math. So, an unattractive, if not unaffordable, value proposition in matching McPhee's Bears contract or in retaining Ngata's $16 mil cap hit does not necessarily make them lesser players. In fact, the Ravens might have preferred paying McPhee or Ngata vs. cutting some other high priced player on the roster, but if that other player had a large dead cap number then the needed savings would not have been gained. A cap squeeze can make teams do things they'd rather not do. [/QUOTE]
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