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IRVING (105.3 THE FAN) – Calculators all over Cowboys Nation are spitting sparks and being enveloped in smoke as a result of the ESPN report that alleged Dallas’ 2014 cap is going to be a “train wreck.’’

There is no argument here regarding the Cowboys’ cap challenges for 2014 – and that’s true whether you believe ESPN’s numbers (claiming Dallas is $31 million over) or numbers we’ve gathered (making it possible the Cowboys are $22 million over what we can project to be a $123-million cap). The argument is about “the train wreck,’’ and whether there are planned escape routes to avoid what is now perceived as some sort of head-on collision with financial disaster.

With the help of the capologists at Blogging The Boys, let’s battle through the sparks and the smoke to bullet-point our way to answers:

*Some league-wide perspective might be helpful. The Cowboys are presently scheduled to be over next year’s cap. As near as we can tell, 13 other teams might share that distinction. Does this mean almost half the NFL’s teams are about to “wreck’’? Or is there more media-attention value in mentioning Dallas’ circumstance than there is mentioning, say, Detroit’s or New Orleans’?

*Some historical perspective is also due. In 2011, Dallas faced “cap hell.’’ A “head-on collision with financial disaster.’’ Yessir, a “train wreck.’’ They were $18 million over the cap in July 2011. But … they never collided with a train. The Cowboys released Roy Williams, Marion Barber and Leonard Davis and restructured the contracts of Tony Romo, DeMarcus Ware and Miles Austin. Those moves allowed the re-signing of/extensions for players like Jason Witten, Doug Free and Jason Hatcher.

*In 2012? “Cap hell’’ once again was predicted due to $30 million of dead money. The how-to’s were so tricky that even owner Jerry Jones himself admitted to fearing “Armageddon.’’ But exec Stephen Jones oversaw moves that eventually allowed the over-the-cap Cowboys to sign Brandon Carr to a $50 million, five-year deal.

Not only was “Armageddon’’ avoided, but the Cowboys actually entered the season $12.6 mil under the cap.
*In 2013? Same song, different verse. The Cowboys started $20 million over the cap. But by the time the season arrived, they’d re-upped Romo and Sean Lee and left themselves plenty of room to also sign Brian Waters. (Oh, and I’m told they’ve also touched base with kicker Dan Bailey, with plans to retain him as well.)

*And here we are in 2014 … but wait. We AREN’T in 2014. Why is this a story for a first-place team in October? Why is Cowboys Nation suffering from hyperventilation and aneurysms NOW? That’s a question for ESPN to answer. Meanwhile, we’re busy with answers that truly matter inside Valley Ranch. … which will include the moving of some money and the dumping of some money … as occurs every year with Dallas and pretty much every team in the NFL.

Examples of options:
*The restructuring of the contracts of Romo and Ware alone, depending on how they are done, could create as much as $19 million in cap space in 2014. Forget for a moment whether that means more years on those deals and whether that’s advisable (in the case of Ware, perceived to be in physical decline, there may be more drastic measures considered). Just know that it is do-able … and a restructuring of those two deals moving $19 million essentially gets you near where you must be if you buy the $22-million-over number.

*Want more money, or different sources for it? Restructuring the contracts of Carr, Lee and Witten can be made to open up $12 million of room for 2014. In fact, the Romo and Lee deals are specifically built for a 2014 re-jiggering.

*Want to escape Miles Austin’s contract? He can be designated a June 1 release, thus creating $5.5 million in space.

*Ready to move on from veteran backups Kyle Orton, Mackenzy Bernadeau, and Phil Costa? Doing so would generate an additional $3.9 million of cap room in 2014.

*Want to give up on more non-standouts? Justin Durant and Jermey Parnell have contracts structured purposely with almost no prorated signing-bonus money. If they are released, that’s another $2.75 million of room. (Also available on many of these players: A Doug Free-like proposal where they cut their salaries to remain with the team.)

If Dallas were to pull the trigger on all the above? The Cowboys could generate about $43 million of cap space in 2014. … and be $10 to $20 million UNDER the cap.

I don’t mean to treat the transactions needed to manage the NFL salary cap as simple or painless. But they are realities in every NFL city. And there are options in every NFL city. Worrying, “Will the Cowboys have enough money?’’ is a pointless endeavor. There might be a year when a good player is allowed to leave because of the cap (Anthony Spencer, before his injury, was going to be that in 2014.) Some year, there might be a handful of those, if affordable draftees don’t come through … and the team will suffer for a year and you will have your football version of Jerry’s “Armageddon.’’ Of course, then there will be the year after that, when cap room is ample and the process begins again.

Amid the sparks and the smoke, there’s no fearsome train bearing down on the Cowboys. All that’s coming is the continuous search for solutions.
 
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It basically says if we push more of our really old players big cap numbers to when they get even older we'll be okay.
 
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I don't know ... with the exception of a few of those those Campo years, the Cowboys have been pretty successful in avoiding cap hell. I'm not overly worried about it.

I do think there is a decent chance that Ware will be a salary cap casualty. It sucks, but this kind of thing is hardly unusual in the NFL these days.
 

Cowboysrule122

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Cowboys' cap jail not life sentence

By Todd Archer | ESPNDallas.com


IRVING, Texas -- As Adam Schefter reported on Sunday, the Dallas Cowboys are projected to be over the 2014 salary cap by a league-high $31 million, but it’s not as if the team did not know it.


With the quick work of the calculator, the Cowboys can shave nearly $37 million off the salary cap with six restructures and just two roster moves.

When the Cowboys signed Tony Romo to a six-year extension worth $108 million last offseason, and Sean Lee to a six-year extension worth $42 million last summer, they did so knowing they would re-work the players’ deals in Year 2. The Cowboys can create roughly $13 million in salary-cap room just with those two moves alone.

Restructuring the deals of DeMarcus Ware, Brandon Carr, Jason Witten and Orlando Scandrick could create another $17 million in cap space.

They can get another $5.5 million in salary-cap space by making wide receiver Miles Austin a post-June 1 cut, or could come up with less savings by asking Austin to take a pay cut the way right tackle Doug Free did in 2013. The possible release of Mackenzy Bernadeau would give the Cowboys $1.4 million in space, but create a hole on the line, especially if Brian Waters does not want to continue to play.

The downside of restructuring the deals of veterans is that it increases their cap figures in the future. Romo’s 2015 salary-cap figure would balloon to more than $27 million, but the team would simply re-work the contract again and push the due bill out again.

Teams expect a spike in the salary cap in 2015 or ’16 that could make it all more palatable.

By then the Cowboys will have to make decisions on free agents like Dez Bryant, Tyron Smith and possibly Bruce Carter.

Executive vice president Stephen Jones, who is in charge of the salary cap, says the same thing every year when it comes to free agency: the Cowboys will be able to do what they want to do in free agency.

And 2014 should not be any different, even if it looks daunting right now.
 

cmd34(work)

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Executive vice president Stephen Jones, who is in charge of the salary cap, says the same thing every year when it comes to free agency: the Cowboys will be able to do what they want to do in free agency.

Except sign new players that want more than a handshake deal.
 

junk

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You have to be pretty irresponsible to be in "cap hell" anymore. However, Dallas has been and will continue to be cap constrained.

You can get compliant in 2014 fairly easily with restructures of Carr, Witten and Romo along with cuts of Bernadeau, Costa and Miles (I'd like to accelerate all his bonus in 2014 which would only save $400K, but ensure no dead money in 2015). That, along with rolling over like $2 million in unused cap from this year, should get you about $700K under the cap next year.

You could get more space if you decide to restructure Ware ($8.4 million) and cut Orton (about 1 million)

The bigger problem is 2015 when the team would have about $120 million committed (w/out Ware restructure) and $123 million (w/ Ware restructure). Only problem is that is for only 26 people under contract and doesn't include Dez, Carter or Murray. It also includes about $100 million in cap charges for 8 players (Romo, Ware, Witten, Carr, Free, Scandrick, Claiborne, Lee)
 

Bluenoser

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If the Cowboys were so worried about the cap would we have just cut Ratliff? Wouldn't we have waited and made him a June 1st cut? Good teams don't go out and sign blockbuster players in FA, they draft well, resign their own and use FA to fill in the holes.
 

Hoofbite

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Here's one of my biggest problems with restructuring.

Players slow down and produce less as they get older. This isn't insider stuff, this is just a fucking fact. Why force yourself to pay more for less production by moving additional money to later years?

Contracts are backloaded so what you have is increasing costs. Usually not the worst thing because you probably got some excess value by having a good player under contract at a low, low cap hit in the first year.

When you restructure on top of backloading.....like Dallas has been, what you most often get is a cap figure in years 4 and 5 that far exceeds the production. Brandon Carr is playing damn well right now but will he be in 2016? Will he play as good as he is now? I hope so because restructuring him this offseason will raise that cap number to $15M. That's 2nd only to Revis at $16M. Is Brandon Carr the 2nd best CB in the NFL right now? Will he be in 2016?

Will he be 2017? He's currently the 2nd highest CB cap figure for that season as well.

Granted some players will get new contracts that will probably exceed Carr's cap hit but he's still going to be pretty high up on that list.

Is Witten a top TE right now? Production-wise, he is not. He gets the receptions and yards but so do other TEs and their Redzone presence is significantly greater. Witten is 1 of 3 TEs under contract in the entire NFL for 2017. Gronk and Jared Cook are the other two. Witten is the 2nd highest cap figure for TEs in 2015. Will he be producing at that level when he's 2 years older at 33?

Tony Romo's cap figure in 2017 before any possible restructures that are likely to occur is $19M. That's $1.6M less than Aaron Rodgers. If Dallas maximizes their restructuring ability with Romo for 2014 and 2016, Romo's cap number balloons.

His cap number would be greater than Rodgers' for 2016, 2017, 2018 and 2019. The total difference in cap figures is $12M over those 4 years.

That's simply insane. Aaron Rodgers is a better QB. The difference is big enough to where there's no debate about who is better. It's not like the difference between Romo and any QB the Eagles are fielding but it's big enough to change the outcome the game. Not only that but Rodgers is 3.5 years younger so Rodgers will be Romo's current age at the very end of the 2016 season while Romo will be 36 when the season starts.

On top of that, lets say both players fall off. Rodgers gets hurt in 2015 and doesn't recover from it and has a bad 2016 season and Romo just succumbs to the clock during the 2016 season. Both players are far too expensive against the cap to keep and both teams cut them after 2016.

The packers would have $7M in dead money. Dallas would have $19.6M

During the years of 2013 through 2016 however, the Packers will have taken a combined cap hit of $68.1M while Dallas will total $59.3M in cap charges.

Add on the dead money and the total comes to cap space that will be eaten for those 4 seasons combined with the dead money that follows their cut is:

Packers: $75.1M​

Cowboys: $78.9M​

This in light of the fact that the Packers gave Rodgers $10M more in signing bonus money and $11M more overall.




There are 3 facts that I just don't like about restructuring.

1. You're betting against the clock and natural aging process that impacts the vast majority of players. Any amount of performance drop is only exacerbated by a simultaneous increase in cap figure. Ultimately you're paying more cap space at the time of the contract when a player is less likely to be worth the the space eaten.​

2. You reduce the amount of cap relief that you can get by releasing players and thus impair your ability to rebound from player loss. Because there is more guaranteed money added to the end you don't get the full benefit of dropping that big ass contract.​

3. You increase the duration for which the player MUST be on your team regardless of performance. After 2 restructures, dead money would be $31M in 2016 for Romo and $19M in 2017 so he's guaranteed through the 2017 season at that point. You handcuff yourself, plain and simple. You put yourself in a position where a player who's cap number originally would have been high but acceptable without restructuring has now ballooned into unacceptably overpriced. At the same time the dead money is also high and because there's really not enough savings to be had, you just keep the guy.​

Say you have a player with $15M cap hit but cutting him costs $11M in dead space. Even though he's not worth $15M he's still more productive than the $4M in savings could buy you. You could roll over but it's all the fucking same 12 months later. So what you do is keep the guy an extra year and take the $5M in dead money the following season.

Well now the difference is much bigger because you restructured him. You were forced to keep him an extra year, paying that base salary that is like one of the higher base salaries on the contract because it's the 4th or 5th year of the deal, and then on top of that you still had dead money. Over 2 years you took $20M in cap charges for a guy that you would have been able to cut a year sooner to the tune of $2M in dead money.

This could be the Brandon Carr situation if his play goes to shit like Newman's did. That's the cap situation Dallas could face if Carr has a subpar 2014 and 2015 or just a flat out horrid 2015.​

It's entirely an "in the now approach". I could agree with doing it for a single season, maybe even 2, in order to make a run. Doing it every year is just fucking stupid. Based on odds alone you're going to come up smelling like shit at some point because that's the nature of the NFL in that ALL teams have contracts go bad. Setting yourself of for contracts to go worse on top of bad is where you limit your ability to build a competitive team for the long run.
 

boozeman

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I don't know ... with the exception of a few of those those Campo years, the Cowboys have been pretty successful in avoiding cap hell. I'm not overly worried about it.

I do think there is a decent chance that Ware will be a salary cap casualty. It sucks, but this kind of thing is hardly unusual in the NFL these days.

There is no more true "cap hell".

All teams have learned the funny money game.

And it is not about Armageddon or whatever Jerry wants to coin it as...we have to get under the cap. There is no alternative.

It just cracks me up when I see people hail what Stephen Jones is doing with the company credit card and acting like it is the work of some genius and they say we can "do what we want".

I hardly think rummaging around in the late dregs of free agency is optimal. But that's what we are reduced to nearly every year...a mad scramble to get things renegotiated. Then when we do have money available...we are stuck with the second tier of free agents and overpay them because we can't draft well enough. The timing of a lot of this is bad...often after June 1st when most decent young talent is gone.

Borrow money from the bank of Romo and Ware, push this bad contract back further, cut this other guy we never should have signed in the first place.

All in all, it is not as much about the finagling of numbers...it is what we are playing around with. We are not farting around with good players' money as much as we are twisting around and trying to breathe from the bad contracts we have done. You look and see where we have been paying and will continue to pay portions of contracts to Ratliff, Livings and next year, Austin, Bernadeau, Costa etc. after they are cut, it is maddening.

I am not going to call Jerry or Stephen Jones a genius for managing breathing room out of something they suffocated themselves on to begin with. It would be one thing if we were winning division titles and competing for championships with the strategy.
 
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@nickeatman 1h
Jerry Jones says on his radio show on 105.3 The Fan, that it's unlikely Cowboys will make any trade because there's no room on salary cap.
 
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There is no more true "cap hell".

All teams have learned the funny money game.

And it is not about Armageddon or whatever Jerry wants to coin it as...we have to get under the cap. There is no alternative.

It just cracks me up when I see people hail what Stephen Jones is doing with the company credit card and acting like it is the work of some genius and they say we can "do what we want".

I hardly think rummaging around in the late dregs of free agency is optimal. But that's what we are reduced to nearly every year...a mad scramble to get things renegotiated. Then when we do have money available...we are stuck with the second tier of free agents and overpay them because we can't draft well enough. The timing of a lot of this is bad...often after June 1st when most decent young talent is gone.

Borrow money from the bank of Romo and Ware, push this bad contract back further, cut this other guy we never should have signed in the first place.

All in all, it is not as much about the finagling of numbers...it is what we are playing around with. We are not farting around with good players' money as much as we are twisting around and trying to breathe from the bad contracts we have done. You look and see where we have been paying and will continue to pay portions of contracts to Ratliff, Livings and next year, Austin, Bernadeau, Costa etc. after they are cut, it is maddening.

I am not going to call Jerry or Stephen Jones a genius for managing breathing room out of something they suffocated themselves on to begin with. It would be one thing if we were winning division titles and competing for championships with the strategy.

I pretty much agree with this.

I don't think the Cowboys are in a "train wreck" situation pertaining to the salary cap. Sure, there will be hard decisions to make, but virtually all teams have hard decisions to make. It'll suck if and when Ware is released, but that kind of thing happens in today's NFL.

Do we have league-wide (team by team) data on dead money (as well as room under the cap)?

It is easy to lament the salary cap issues of the Cowboys, but without league-wide comparisons, we can't really claim that the Cowboys are better or worse at managing their cap than most other teams.

I'd guess that especially relevant comparisons would be those teams that have high cost veteran starting QBs. These QBs suck up a lot of cap and that's money that can't be allocated elsewhere.
 
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