Over the weekend, the Cardinals will not make any roster moves. And they will pick up $3 million in salary cap room.
That’s because they had designated the release of guard Adam Snyder back in April as a “June 1” cut, meaning that they could take the normal pro-rated hit on the salary cap this season from his remaining signing bonus and push the rest into 2014 instead of absorbing it all this season. Snyder still had $4 million left of dead money. Now, the Cardinals will deal with $1 million of it this season and the other $3 million against their 2014 salary cap.
Because the Cardinals wanted to cut Snyder before the actual June 1 date, they were forced to carry Snyder’s entire hit on the cap until actually June 1. (It didn’t really affect the Cards much, but any team tight against the cap doesn’t have the same kind of leeway.) That’s why the Cards this weekend will see their cap room grow even though they aren’t making any transactions. Teams can use the June 1 designation on up to two players a season. Only 11 cut players were named as such this offseason across the league and only one team, the Dolphins, used up their two-man limit. One of those players was linebacker Karlos Dansby, who of course ended up here. The Dolphins gain $6M of cap space this weekend just on Dansby’s situation alone.
As for the Cardinals, who have $7.8M of cap space today according to the NFLPA, that stands to grow to $10.8M when Snyder’s slot kicks in. The $3M dead money for next year is nothing to sneeze at, but the Cardinals took most of their dead money medicine this year and have a bunch of guys who will be free agents after this season, so there is still a lot of room to maneuver with the 2014 cap. Not sure what the salary cap landscape is going to look like yet, but it isn’t expected to jump much again and that will likely mean a similar offseason market as this year.
— Apropos of nothing, other than I think it’s an awesome anecdote, check out this story by Sam Farmer about Vince Lombardi and the first Super Bowl. Priceless.
Tags: Adam Snyder, Karlos Dansby, salary cap
Posted in Blog | 23 Comments »