View Full Version : Colts team could face cap penalties
Mike Chappell, of the Indianapolis Star, reports the Indianapolis Colts and several other teams might have a difficult time getting under the $94.5 million salary cap if there is no extension reached for the collective bargaining agreement. NFL spokesman Greg Aiello said there has never been an instance where a team was over the cap. Commissioner Paul Tagliabue determines whether a team will face fine and/or forfeiture of draft picks as a penalty
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It couldn't happen to a nicer team......wel maybe the Raiders:wiggle:
TheDave
03-04-2006, 01:21 PM
Imagine what the Redskins will be facing if this doesn't happen....
Florida_Bronco
03-04-2006, 01:24 PM
Hahahahahahahaha!! LOL
-Slap-
03-04-2006, 01:24 PM
Well, if some teams their forfeit picks, the draft gets even stronger.
WABronco
03-04-2006, 01:31 PM
Imagine what the Redskins will be facing if this doesn't happen....
They're already close to under apparently cuz they've restructured just about everyone on the team.
ozomulsion
03-04-2006, 01:37 PM
They're already close to under apparently cuz they've restructured just about everyone on the team.
Yep, Skins are fine.
Ray Finkle
03-04-2006, 01:38 PM
They're already close to under apparently cuz they've restructured just about everyone on the team.
They were talking about it on the radio the other day. One of the Skins beat writers was reporting that their is no stastical chance for them to be under the 94.5 cap. They can restructure everyone they want, it is the dead money that is killing them.
eddie mac
03-04-2006, 01:39 PM
Well, if some teams their forfeit picks, the draft gets even stronger.
Most likely future picks. Knowing the NFL they'll turn a blind eye because of who it is and the circumstances.
TheDave
03-04-2006, 02:51 PM
They were talking about it on the radio the other day. One of the Skins beat writers was reporting that their is no stastical chance for them to be under the 94.5 cap. They can restructure everyone they want, it is the dead money that is killing them.
heard the same thing... not sure where the skins are fine thing is coming from.
Northman
03-04-2006, 02:52 PM
Yea, ive heard the Skins could be in trouble as well.
elsid13
03-04-2006, 02:58 PM
Well that means that they will have only limited number of players on payroll.
dbroncos31
03-04-2006, 03:06 PM
What happens to the picks?? And even if they are picks in the future, those teams have no room to sign anyone anyway. There will be some amazing rookies cut, or there will be amazing players dropping far because some teams cannot sign their draft picks. It's good if a team (wink, wink) has two first rounders
Play2win
03-04-2006, 03:15 PM
I bet Matt Leinart is really kicking himself in the butt now for not comming out a year early...
I wonder how many millions of dollars that could have costed him...
clint7
03-04-2006, 04:20 PM
The league can not let this happen to Manning and his Colts. Heck, they changed to rules of the passing game for them, they MUST get this done too so Golden Boy can win a championship. :)
Man-Goblin
03-04-2006, 04:34 PM
yank their 1st rounder! they couldn't aford to pay him anyway!!! ahahahahahahahahaha.
Smilin Assassin
03-04-2006, 06:48 PM
The league can not let this happen to Manning and his Colts. Heck, they changed to rules of the passing game for them, they MUST get this done too so Golden Boy can win a championship. :)
LOL, yeah! I was convinced the only reason FA and the talks were put off 3 more days was because the NFL caught wind of the colt's cap issues.
DBroncos4life
03-04-2006, 06:53 PM
You know the NFL will cave before letting the "Chosen team" suffer.
Crushaholic
03-04-2006, 07:17 PM
All their money is wrapped up in Pay-Me-A-Ton, Marvin Harrison and Reggie Wayne. Look how well that's done for them, so far...LOL
Lestat
03-05-2006, 12:46 AM
pfft Tag won't do crap to his golden boy Manning's team, a fine if anything but no lose of draft picks i bet
24champ
03-05-2006, 02:07 AM
If the skins should somehow cannot get under the cap and lose draft picks then they really wont have a draft at all when you think about it.
Rascal
03-06-2006, 08:16 AM
Damnit.
http://www.indystar.com/apps/pbcs.dll/article?AID=/20060306/SPORTS03/603060382/1100
While the NFL and players' union spent the weekend trying to extend their labor agreement, the Indianapolis Colts occupied their time with bookkeeping measures that enabled them to get under the league's potential $94.5 million salary cap.
The team restructured the contracts of quarterback Peyton Manning and wide receiver Marvin Harrison, creating approximately $12.5 million in cap savings. Manning provided about $5 million and Harrison approximately $7.5 million in cap relief, according to a person with knowledge of the situation.
Had the Colts not restructured those contracts, they would have faced the task of cutting players to be in compliance with the salary cap if a new contract is not eventually worked out. Late Sunday the league and the players' union agreed to delay the start of the free agent period another 72 hours to give the sides more time to try to reach an agreement.
The Colts faced the possibility of being nearly $10 million over the cap last week after special master Stephen Burbank, a professor at the University of Pennsylvania Law School, ruled they could not restructure the contracts of Manning and Harrison to convert roster bonuses into signing bonuses. Burbank ruled the restructuring violated provisions that go into effect without an extension to the collection bargaining agreement.
The team considered seeking a temporary injunction to Burbank's ruling. Instead, it worked with agent Tom Condon, who represents both players, and found a way that did not violate league rules to lower each player's salary cap number.
The source declined to elaborate on the nature of the changes. The result is that Manning's $17.776 million cap number was lowered to about $12.5 million and Harrison's $14.4 million number was sliced to approximately $6.9 million.