The Cardinals have been tight up against the salary cap — overthecap.com estimates they have (had?) only about $2.2 million in space, the NFLPA puts the number around $3.4 million — and usually at this time of year, GM Steve Keim likes to have more wiggle room than this. That’s partly to account for unknowns (IR players, needing to sign veteran help) and for potential other plans (like a contract extension.)
That’s why it was interesting but not altogether shocking to see the Field Yates tweet this morning saying the team had converted $6M of left tackle Jared Veldheer’s $7.25M salary into a signing bonus. It would be an immediate win-win. Veldheer gets his money now instead of in 17 installments over the season, the Cardinals create $4M more of salary cap room (although they push some of Veldheer’s cap hit into future years, so there is a down side.)
It becomes a little more interesting after Bruce Arians’ comment on Arizona Sports 98.7 Monday that the Cardinals are hoping to have another three or four extensions done at some point. That may be overly optimistic, but we will see — the Cards certainly have a laundry list of players who are up after the season. The Cards also might want to add a vet for depth on the offensive line too, although in my opinion D.J. Humphries is progressing just fine at right tackle. But the final decisions at center and right tackle remain up in the air for now.
There’s another point to be made about extensions too, and that’s any bigger one probably could lower the current salary cap number for a particular player, say a Chandler Jones (who I would guess be next of the big names the Cards would want to try and lock up) or a Michael Floyd or Calais Campbell. Their cap numbers for this year, respectively, are $7.8M, $7.3M and $15.25M. The recent Palmer and Fitzgerald extensions didn’t impact the cap. Those moves were about gaining roster certainty for 2017.
In any event, Keim now would have some room to do any number of things as the Cards set up for what they hope is a deep run this season.
Tags: Bruce Arians, Calais Campbell, Chandler Jones, Jared Veldheer, Michael Floyd, Steve Keim
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