Happy New Last Capped Year!
Midnight (Eastern time) tonight kicks off the new league year for
the NFL. ItB.com headquarters are stocked with party hats and sparklers
to ring in the new year. Question now is just whom are the Texans
looking to pucker up to when the clock strikes twelve?
have been scant, save for a KTRK-TV
mention Wednesday night that the Texans have their eyeballs
on Cardinals defensive end Antonio Smith. They have enough cash
ready to move quickly, too, with millions
upon millions to spend, even following the signing of safety
Eugene Wilson and the tendering of their restricted free agents
(namely Owen Daniels).
Right? Hellz to the yeah, general manager Rick Smith is gonna make
it rain if you ask
any of the current Texans still looking to be locked up (financially
speaking). As workaday fans, this is the sort of escapism we need
from all the government bailouts, economic stimuli, and Hank Paulsons
of the world. Spending someone else’s pocket cheese is what
makes the good ol’ U.S. of A. a whole lotta F.U.N.
wait, here’s the buzzkill: The owners want out of the Collective
Bargaining Agreement (CBA) exactly because the current salary cap
system is forcing them to spend far too much of their revenues without
enough consideration for their costs of doing bizness.
with me one step further here, and I’ll show you something
else that will blow
your mind all over your face.
Factoring in the trade of Rosenfels and the Daniels RFA tender (while
still withholding the Eugene Wilson re-signing since contract details
have yet to emerge), the Texans have spent somewhere around $100
million to a cap that will be $127 million. And that cap for the
Texans could be adjusted further upward, too, as they manipulated
Loophole to forward more than $2 million from last year’s
cap by signing guard Mike Brisiel to a late-season extension with
a bonus incentive.
So, yeah, the Texans have lots of cap room. But consider that the
CBA requires teams to spend to a cap floor. For 2009, that percentage
is 87.6% of the salary cap, or $111.25 million.
Translation: in order to just to get to the salary cap floor, the
Texans need another $12 million or so to clear the minimum. Wow,
right? Okay, I'll wait for you to wipe your brains up off of yo'
free agency, the draft, and the need to extend key veterans like
DeMeco Ryans, the Texans should be able to spend to that minimum
with very little concern. It does, however, highlight why teams
– including the Texans – appear confident in that 2010
will be an uncapped season. There are going to be several teams
struggling to spend to that cap minimum this year, signaling that
the current labor agreement is failing some of the smaller market
is a definite need for some re-tooling. While Friday marks a brand
new season, twelve months from now we might be prepping for a brave
new uncapped league.
financial gloom. This offseason is all about our escapism, so fire
up those sparklers tonight and let’s party like it’s
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