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Dicky McElephant
04-22-2008, 01:38 PM
My brain really isn't functioning right now.....and I'm trying to figure this out.

When we franchised Allen did we immediately take a $9 million dollar cap hit?

If so....once we trade him....do we get that $9 million back?

Or does the $9 million only count once he signs his tender?

OnTheWarpath58
04-22-2008, 01:40 PM
My brain really isn't functioning right now.....and I'm trying to figure this out.

When we franchised Allen did we immediately take a $9 million dollar cap hit?

If so....once we trade him....do we get that $9 million back?

Or does the $9 million only count once he signs his tender?


Nothing happens until he signs the tender offer.

JohnnyV13
04-22-2008, 01:40 PM
There would be no cap hit in trading Allen. The only reason you get "cap hits" in trades is signing bonuses that get apportioned over the length of the contract. With a one year tender, that's all salary with no signing bonus. If Allen is traded, his new employer will pay that salary (or, more likely, will sign him to a long term contract).

Dicky McElephant
04-22-2008, 01:44 PM
There would be no cap hit in trading Allen. The only reason you get "cap hits" in trades is signing bonuses that get apportioned over the length of the contract. With a one year tender, that's all salary with no signing bonus. If Allen is traded, his new employer will pay that salary (or, more likely, will sign him to a long term contract).

Dude I know that much. ROFL

Zouk
04-22-2008, 01:49 PM
Yes. We had to reserve $8 million in cap room when we made Jared the franchise player (this happens before any tender offer is signed). If he is traded, that $8 million returns to our available cap. Right now we have the 2nd most cap room of any team. If Jared is traded, we will almost certainly have the most cap room of any team. It is even possible we may be flirting with the minimum required spending based on CBA rules.


http://www.askthecommish.com/salarycap/faq.asp

Do unsigned free agents have any impact on the Salary Cap?

Answer: For Restricted Free Agents (RFA), a Qualifying Offer is included in the team salary. This amount remains in team salary until the player is signed, the Qualifying Offer is withdrawn, or a “June 1st tender” is made. If the player is unsigned and the Team makes a June 1 or June 15 offer, this offer will be included in team salary until the player is signed, the team gives up their rights to the player, or until the Tuesday after the tenth week of the regular season if the player is unsigned.

For Unrestricted Free Agents (UFA), if a June 1 offer is made, the amount afforded will be included in team salary as of July 15.

For transition and franchise players, an offer will be included in team salary when it is made.

These offers for UFA, transition players, and franchise players will remain included in team salary until the player is signed, the offer is withdrawn, the team gives up their rights to the player, or until the Tuesday following the tenth week of the regular season if the player is unsigned. All offer sheets will be included in team salary when the offer is made until the player is signed to a contract with any NFL Team or the offer sheet is withdrawn.