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Realized I'm making a gross overstatement on the rookie pool. The current estimate is $5,501,463. I've been using $7,000,000.
Pick-by-pick salaries are:
Round 1 - $ 1,637,807
Round 2 - $ 724,383
Round 3 - $ 614,657
Round 4 - $ 573,682
Round 5 - $ 504,459
Round 5 - $ 502,307
Round 6 - $ 479,466
Round 7 - $ 464,702
Also, I've been forgetting to restate that amount as a "cap figure" because of the top 51 offset which is roughly $450,000 for every draft selection signed. This is relatively "theoretical" based on Over The Cap's thought that each draft pick replaces another player on the roster and the minimum salary is $450,000.
The theoretical cap hit for the rookies is$1,901,463 ($5,501,463 - $3,600,000).
When I put the draft picks into my spreadsheet under the current scenario, the draft picks that count against the cap are the 1st, 2nd and 3rd rounders at a total of $2,976,847. The top 51 contracts total $145,654,182 leaving the Chiefs with considerable space remaining (roughly 4.3-6.3 million) without using their 2015 rollover, which could add as much as $2.9 million based on the figure currently being reported (although I suspect it is slightly inaccurate because of the Sherman deal) which could leave the chiefs with between $7.2 and 9.2 million in space.
I normally reserve most of the top 51 offset because the Chiefs generally try to remain around $2-$3 million under the cap for in-season moves and the like.
I'll make some considerations for this and likely make a change in the not too distant future.
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