Dolphins working to get under the cap

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Dolphins working to get under the cap

Post by JMP on Thu Feb 22, 2018 4:19 pm

Some very interesting stuff from Armando.  See the part I bolded about Landry...makes that situation even more unclear.

http://www.miamiherald.com/sports/spt-columns-blogs/armando-salguero/article201584959.html

Armando wrote:With 55 players under contract, the Dolphins would be between $7 million and $8 million over a projected $177 million salary cap. And that’s just for the top 51 contracts the NFL counts during the offseason.

...

The Miami Herald has learned the team will cut tight end Julius Thomas by March 14. That will save $6.6 million in cap space.

The Miami Herald has learned the team will cut linebacker Lawrence Timmons by March 14. That will save $5.4 million in cap space.

Th Dolphins could also terminate the fifth-year option on offensive tackle Ja’Wuan James. That would make James a free agent. And it will save the Dolphins $9.34 million.

Those three moves would save the Dolphins $21 million.

Suddenly, the Dolphins will be cap compliant at around $11 million under the limit. But that will still leave them near the bottom of the cap pool because, remember, this is in an environment where the Cleveland Browns are scheduled to open with about $110 million in space.

...

Even after these cuts, the Dolphins will have the least cap space in the AFC East.

So more will have to be done. Tannenbaum could have saddle sores from all his work.

The good news, I’m told by multiple club sources, is the Dolphins wrote and timed contracts in a manner that gives them flexibility to create necessary cap room.

The Dolphins could restructure quarterback Ryan Tannehill’s contract and save $11.123 million in cap space this year. The restructure involves turning base salary into signing bonus, which would then be prorated over the final two years (2019 and 2020) of Tannehill’s contract.

The club could do a similar exercise with safety Reshad Jones and save $7 million in cap space.

It could save $4.79 million doing this with Kenny Stills, $4.72 million doing it with Kiko Alonso, and another $3.5 million doing it with Andre Branch.

The point is if the Dolphins needed to create enough cap space to go crazy in free agency, they could wipe up to $31 million in cap cost off the 2018 books simply by restructuring deals for players they currently plan to keep.

Tannenbaum put these options in place a year or two ago

...

The two biggest salary cap issues the Dolphins face this offseason involve receiver Jarvis Landry and defensive tackle Ndamukong Suh.

The Dolphins currently seem to be under water because they’ve got a $16.2 million cap hit budgeted for Landry since Tuesday evening when they made him their franchise player. It would shock if that number stands all of 2018.

The Dolphins can remove the tag and suddenly they have $16.2 million more in cap space.

The Dolphins can trade Landry and suddenly they have $16.2 million more in cap space.

The Dolphins can sign Landry to a longterm contract and the cap space will necessarily come down because such a deal will involve guaranteed monies that prorate over the life of the contract. This, by the way, is the least likely scenario. The Dolphins aren’t signing Landry to a longterm contract unless they or the player cave on earlier negotiating positions.

And neither is currently motivated to do that.


The point is if Jarvis Landry carries a $16.2 million cap figure into the regular-season, something went wrong. Plans went awry.

...

There’s also the problem of what to do with Suh. And, yes, it’s a problem.

Suh is a good player who had a good season in 2018 despite overcoming a knee injury suffered against Oakland Nov. 5. He started 16 games and has started all 126 games of his career.

He’s a steel horse, to stick with a recurring theme.

But Suh is scheduled to cost the Dolphins $26.1 million in cap space this year. That’s the most on the team, the most by any defensive player, the most by any non-quarterback, and third overall behind only quarterbacks Jimmy Garoppolo and Matthew Stafford.

Think of this: Suh’s cap cost in Miami this year is higher than six Super Bowl winning quarterbacks are costing their teams.

Suh’s production does not match his cost despite the fact he’s pretty good.

So what to do?

The Dolphins can trade Suh and save $3.9 million in cap space and get compensation in return. This makes sense in a salary cap environment where multiple teams could absorb such a contract.

The Dolphins can designate Suh as a post-June 1 cut, get no compensation, but save a whopping $17 million in cap space. This is currently the most likely scenario if the Dolphins choose to move in a different direction.

And here’s the thing: The Dolphins are not dismissing the idea. Or any idea.

In plotting strategy, the Dolphins are considering every option. Because the current snapshot of the salary cap is unacceptable and the Dolphins are going to change it.

I hate the idea of restucturing players with bad contracts...you're just pushing money back to later years and creating more problems down the road.  I think it's best to just leave things as they are in most cases...you handed out bad contracts - best to deal with them instead of making them worse.

I didn't realize that the Phins could gain that much cap space from cutting Suh (post-June 1)...that makes things very interesting...


Last edited by JMP on Fri Feb 23, 2018 9:48 am; edited 1 time in total

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Re: Dolphins working to get under the cap

Post by DolFan 316 on Thu Feb 22, 2018 4:49 pm

Gotta love how the same person who agreed to all those ridiculous contracts to begin with is going to now "restructure" them just a year or two after the fact. That's like calling the contractor who botched that remodeling job to come and fix it.

Never thought I'd long for the days of Dawn Aponte...

Remember that time when Ross actually went out of his way to promise the fans that Tannenbaum would never be involved directly in football operations, that he was just a "consultant" for the 'busness" side of things? I remember.

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Re: Dolphins working to get under the cap

Post by JMP on Thu Feb 22, 2018 8:00 pm

Remember the original Suh deal? It was restructured after his first season in Miami - which shows that it was a shit contract right from the start.

Sure looks like the 31 teams that ignored Tannenbaum like the plague and kept him out of the NFL for years were right. Only the Dolphins... Embarassed

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Re: Dolphins working to get under the cap

Post by rightchea on Thu Feb 22, 2018 9:38 pm

Miami is in the position right now they wish this was a no cap year so they can get themselves together. To be honest I had a feeling that this was going to happen and wouldn't be surprised if they traded Landry to make room for their cap. I also hearing that they are not going to release Pouncey which would save $7 million.

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Re: Dolphins working to get under the cap

Post by white1 on Fri Feb 23, 2018 8:19 am

I didn't realize that the Phins could gain that much cap space from cutting Suh (post-June 1)...that makes things very interesting...

<sigh> I hate to sound like a broken record. But this would be YET ANOTHER example of watching a very talented player walk away, with zero compensation, for "cap reasons".

I am so tired of watching this team dump talent. Suh is far and away our best defensive player. Yes, I'd love to have an elite defensive end instead of Suh. Is there one out there in free agency? Is there any chance we can trade for one? Educated guess on my part says NO to both questions.

So instead, we will cite cap reasons, dump Suh, and create YET ANOTHER HOLE on the roster - now at DT. On top of every other need we've all discussed.

I understand the contract is bad. On the plus side, we're not paying out the nose for our QB, and we have a lot of guys playing on cheap rookie deals. Or reasonably priced vets (like Wake for example).

I wish we would stop sweating how bad the contract is, suck it up and let it play out, instead of pushing money into future years. Meanwhile we sign 6 losers in free agency and hand out MORE bad contracts, what a great use of the cap space!

It's like watching a hamster on an exercise wheel.

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Re: Dolphins working to get under the cap

Post by mercury22nathan on Fri Feb 23, 2018 9:44 am

DolFan 316 wrote:Gotta love how the same person who agreed to all those ridiculous contracts to begin with is going to now "restructure" them just a year or two after the fact.

EXACTLY!! that's the problem here. the person, Tanenbaum, who put the Phins in this position is the person who will continue to make poor decisions to "fix" the problems he created. its a never-ending perpetual cycle of messes made to clean up other messes. the only fix is to fire that person, bite the bullet on these contracts and start all over again with someone who knows what he's doing.

how many other teams have been down only to pull themselves back up while the Phins continue to toil in mediocrity? Jacksonville, Atlanta, Minnesota, LA Rams, Philadelphia...and Buffalo, Tennessee and Houston seem headed that way.

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Re: Dolphins working to get under the cap

Post by JMP on Fri Feb 23, 2018 9:50 am

white1 wrote:

I wish we would stop sweating how bad the contract is, suck it up and let it play out, instead of pushing money into future years.  Meanwhile we sign 6 losers in free agency and hand out MORE bad contracts, what a great use of the cap space!

It's like watching a hamster on an exercise wheel.

Exactly. The damage is done - don't make it even worse by pushing money back.

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Re: Dolphins working to get under the cap

Post by scotgif on Fri Feb 23, 2018 11:45 am

And, you already now that even if they shed the cap room that is proposed here, they will just blow it all, or most of it, on different, over-priced FA's. Thereby, negating the space they saved by all the maneuvering.

That would be so Dolphins.
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