dumervil has been released

[trueblueblood]

What do you guys think?

[IndyD4U]

I thought I just read where he agreed to a pay cut?

[Warhawk]

Yikes, that got screwed up fast.

 

And I think yes, absolutely, in a heartbeat.

[LuckinginthePM]

We should. 1 yr 4 mil guarenteed 4 mil in incentives

[RomanianColtsFan]

He got a pay cut. Ups, no you are right.

But, he may be resigned, just a technicality due to the deadline.

[Ja'Crispy]

He did agree to a pay cut but apparently the paper work was filed after the 2pm deadline, so the Broncos cut him as per ESPN and NFL.com. Weird situation

[Warhawk]

And as a side note, we totally need to get the Broncos back for claiming Holliday out from under us.

[Balzer40]

They will just resign him to the contract he agreed to. Besides we can't afford him anyway.

[IndyD4U]

He did agree to a pay cut but apparently the paper work was filed after the 2pm deadline, so the Broncos cut him as per ESPN and NFL.com. Weird situation

 

 I just read up on it.

 

It's 2013, who uses a fax machine?!

[Fx Stryker]

Great ploy by his agent if you ask me. He makes the $5M from Denver, plus his new contract from whoever.

 

Man gets his $12M. Lowball move if this is how they planned it out.

[trueblueblood]

I just read up on it.

It's 2013, who uses a fax machine?!

Lol. true dat.

[Dustin]

They will just resign him to the contract he agreed to. Besides we can't afford him anyway.

 

They just took a $5M dead cap hit. I'm not sure if they will re-sign him.

[Balzer40]

They will just resign him to the contract he agreed to. Besides we can't afford him anyway.

 

 

Didn't realize that caused Denver to get an almost 5 mil cap hit. Won't go back to Denver, but it's still highly doubtful we can afford him.

[throwing BBZ]

Great ploy by his agent if you ask me. He makes the $5M from Denver, plus his new contract from whoever.

 

Man gets his $12M. Lowball move if this is how they planned it out.

 

 

Great ploy by his agent if you ask me. He makes the $5M from Denver, plus his new contract from whoever.

 

Man gets his $12M. Lowball move if this is how they planned it out.

 

Great ploy by his agent if you ask me. He makes the $5M from Denver, plus his new contract from whoever.

 

Man gets his $12M. Lowball move if this is how they planned it out.

 

 The $5M is just them forced to take a hit Now for Bonus money He already got.

As I read that $5M is Locked in. !  Broncos have $5M less to spend now. His signing for $8M doesn`t fix the snafu. !

Did he boink them on purpose? Sign Freeney, it`s about the same difference. Love it!

[jvan1973]

I just read up on it.

It's 2013, who uses a fax machine?!

all high school athletes who commit to playing sports have to use a fax as well. seems like there would be a better way

[smittywerb]

We can't afford him. He'll definitely go to a contender

[TKnight24]

So is this posted because we have "ties" to him or is this just one of those "We should sign....." threads???

[braveheartcolt]

Lol. true dat.

Keith Richards. According to Ronnie Wood. No phone, you have to fax him. Brilliant....

[ObliviousLawyer]

 I just read up on it.

 

It's 2013, who uses a fax machine?!

 

I'm a lawyer and I can tell you that fax machines are still widely used, especially for legal documents like these contracts.

[IndyD4U]

I'm a lawyer and I can tell you that fax machines are still widely used, especially for legal documents like these contracts.

 

I work in IT, hard for me to fathom.

 

lol

[Superman]

Great ploy by his agent if you ask me. He makes the $5M from Denver, plus his new contract from whoever.

 

Man gets his $12M. Lowball move if this is how they planned it out.

 

He doesn't make the $5m. He already made the $5m when he got his signing bonus way back when. He gets nothing from Denver moving forward. That $5m is just accounting for the unamortized portion of the signing bonus.

[braveheartcolt]

I work in IT, hard for me to fathom.

 

lol

If you worked in IT for a Law Firm, it would not be..........

[Fx Stryker]

He doesn't make the $5m. He already made the $5m when he got his signing bonus way back when. He gets nothing from Denver moving forward. That $5m is just accounting for the unamortized portion of the signing bonus.

 

I guess my theory is gone though. Someone said this to me early. Thanks for clearing it up.

[unvrsty07]

If you worked in IT for a Law Firm, it would not be..........

LOL!

[unvrsty07]

When I was finishing up my M.A. I worked for the city government of Indianapolis and we used fax machines all the time. Legal documents are commonly sent through fax and sometimes email.

[HarassedOffTheSite]

Wrong Forum

[MTC]

No.

[MAC]

I work in IT, hard for me to fathom.

 

lol

I would guess that a good 80% of the business's in this country don't actually have IT departments. A $100 fax machine is somewhat cheaper and easier.

[GoColts00]

we are currently at 110.9 million out of 123. that leaves 12 million to work with. we could sign Dumervil for 8 this year and make up the rest over the following 2 seasons. the cap goes up substantially in 2015.

[Tony Sullivan]

What better way to give it back to Elway than to take an important part of his defense?

[Balzer40]

we are currently at 110.9 million out of 123. that leaves 12 million to work with. we could sign Dumervil for 8 this year and make up the rest over the following 2 seasons. the cap goes up substantially in 2015.

 

 

We have to have money for draft picks and in season tinkering. I can just about guarantee that we will not sign Dumerville. The money is not there. Were not going to go into the season right up against the cap. That would be terribly bad cap management.

[Superman]

We have to have money for draft picks and in season tinkering. I can just about guarantee that we will not sign Dumerville. The money is not there. Were not going to go into the season right up against the cap. That would be terribly bad cap management.

 

Don't know if you've seen any of my other posts on this, but the projections that are being bandied about are not accurate. Pending specifics on RJF's contract, we have about $19m in cap space. The difference of about $9m is accounted for by removing anyone outside of the top 51 from the cap.

 

I'm going to make a post about this sometime in the future. Probably once we get the cap numbers for RJF.

[unvrsty07]

Don't know if you've seen any of my other posts on this, but the projections that are being bandied about are not accurate. Pending specifics on RJF's contract, we have about $19m in cap space. The difference of about $9m is accounted for by removing anyone outside of the top 51 from the cap.

 

I'm going to make a post about this sometime in the future. Probably once we get the cap numbers for RJF.

 

I missed this earlier, you are saying we have $19 million in cap space before the RJF contract details? How?

[Balzer40]

Don't know if you've seen any of my other posts on this, but the projections that are being bandied about are not accurate. Pending specifics on RJF's contract, we have about $19m in cap space. The difference of about $9m is accounted for by removing anyone outside of the top 51 from the cap.

 

I'm going to make a post about this sometime in the future. Probably once we get the cap numbers for RJF.

 

 

 

No I didn't see that. That's good to hear. Still not sure I would want them to invest that kind of money in Dumerville though. I would rather have more O-line upgrades, even though I'm sure we could get those for fairly cheap now. Regardless, I think we'll save 7-8 mil. for the start of the season.

[RomanianColtsFan]

Don't know if you've seen any of my other posts on this, but the projections that are being bandied about are not accurate. Pending specifics on RJF's contract, we have about $19m in cap space. The difference of about $9m is accounted for by removing anyone outside of the top 51 from the cap.

 

I'm going to make a post about this sometime in the future. Probably once we get the cap numbers for RJF.

 

I'd be curious how you are going to get to that number. sportrac has already taken in account the first 51 salaries. That's how you calculate the total that counts towards the cap.

[Superman]

I missed this earlier, you are saying we have $19 million in cap space before the RJF contract details? How?

 

Yes.

 

In the preseason, only the top 51 contracts count against the cap. So while we have a total cap figure of about $113.1m, when you remove the players below that top 51, you remove about $9m from the cap. This rule allows teams with tight cap situations to fill out their 90 man roster, but once the season starts, the entire 53 man roster + anyone on IR + dead cap hits all count against the cap.

 

So our cap number right now is probably about $104m. The cap for 2013 is $123m. That's $19m in cap space right now.

 

None of that includes the RJF contract, which we can assume is somewhere around $4-5m against the cap in 2013. So you can raise that cap number to $109m, and reduce the cap space to $14m.

 

Then there's draft picks, but only one or two of them will have cap numbers high enough to be counted among the top 51, so you really only have to allocate $1-2m for draft picks right now.

 

Pending any additional moves, once final cuts are made, we'll probably have about $10-13m in cap space.

[Superman]

No I didn't see that. That's good to hear. Still not sure I would want them to invest that kind of money in Dumerville though. I would rather have more O-line upgrades, even though I'm sure we could get those for fairly cheap now. Regardless, I think we'll save 7-8 mil. for the start of the season.

 

I'm not advocating for Dumervil. Just saying.

[JoKeR]

I have to use a fax machine at work, easily the most annoying piece of equipment we have. I think it should be reclassified as a stress compounder or anger generator or Sithlord.

[Superman]

I'd be curious how you are going to get to that number. sportrac has already taken in account the first 51 salaries. That's how you calculate the total that counts towards the cap.

 

http://www.spotrac.com/nfl/indianapolis-colts/cap-hit/

 

Spotrac does account for the top 51 cap hits. That's why their number at the very bottom, in bold, is $104m. And that's pending RJF's details.

[unvrsty07]

Yes.

 

In the preseason, only the top 51 contracts count against the cap. So while we have a total cap figure of about $113.1m, when you remove the players below that top 51, you remove about $9m from the cap. This rule allows teams with tight cap situations to fill out their 90 man roster, but once the season starts, the entire 53 man roster + anyone on IR + dead cap hits all count against the cap.

 

So our cap number right now is probably about $104m. The cap for 2013 is $123m. That's $19m in cap space right now.

 

None of that includes the RJF contract, which we can assume is somewhere around $4-5m against the cap in 2013. So you can raise that cap number to $109m, and reduce the cap space to $14m.

 

Then there's draft picks, but only one or two of them will have cap numbers high enough to be counted among the top 51, so you really only have to allocate $1-2m for draft picks right now.

 

Pending any additional moves, once final cuts are made, we'll probably have about $10-13m in cap space.

 

 

Great explanation! Thank you! That is really interesting. We could easily add another free agent guard or pass rusher if we wanted to then!