Salary Cap Set at $120.6MM

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    Salary Cap Set at $120.6MM

    There are going to be a lot of cap cuts over the next two days.

    NFL sets 2012 salary cap at $120.6 million

    NEW YORK (AP) — The NFL salary cap for 2012 is $120.6 million, barely above last year's figure.

    The league informed the 32 teams Sunday that the cap has gone up by $225,000. All teams must be under the cap by Tuesday, when free agency begins.

    If a club has salary cap room remaining at the end of the season, it can carry it over to 2013 as long as it notifies the NFL by the day before the 2012 season ends.

    Unrestricted free agents can sign with a team beginning Tuesday through July 22 or the opening day of the first training camp, whichever is later.

    Restricted free agents can sign until April 20. Franchise players have until Nov. 13 to sign — if he hasn't he must sit out the season.

    Peyton Manning is the biggest unrestricted free agent on the market. The four-time league MVP released by the Colts has already met with Denver Broncos officials, and was meeting with Arizona Cardinals officials on Sunday.

    Among other top free agents are wide receiver Marques Colston and All-Pro guard Carl Nicks of the Saints, quarterback Matt Flynn of the Packers, and defensive end/linebacker Mario Williams of the Texans

    For franchise-tagged players, the salary for a one-year contract for quarterbacks is $14.436 million. Next highest is defensive end at $10,605,000, with cornerback at $10,281,000. Wide receiver is at $9,515,000 and running back is at $7,742,000.

    Among the 21 franchise players this season — the most ever — are wide receiver Wes Welker and running backs Ray Rice and Matt Forte.

     
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    Re: Salary Cap Set at $120.6MM

    Is there still time to tag Gostkowski ? Wasn't the cap like 122.5M before the strike?
     
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    Re: Salary Cap Set at $120.6MM

    In Response to Re: Salary Cap Set at $120.6MM:
    Is there still time to tag Gostkowski ? Wasn't the cap like 122.5M before the strike?
    Posted by JohnHannahrulz

    Gostkowski is not a free agent.  He was extended in 2010.

    FOXBORO, Mass. -- New England kicker Stephen Gostkowski's four-year contract extension came out of nowhere this week.

    His negotiations with the Patriots flew completely under the radar, but when the details surfaced, he became one of the highest-paid specialists in the NFL. Gostkowski was more than happy to keep a low profile during an era when contract disputes turn uglier than an episode of the Jerry Springer Show.

    That’s just how a kicker likes it.

    "Yeah, I like to lay as low as possible," Gostkowski said. "The least my name is called, [that means] I'm probably doing my job pretty well. Unless you kick a game-winner or something, you're probably going to be out of the headlines. If I show up, have good kickoffs and make the majority of my kicks, then I'm going to lay pretty low, and that’s how I like to do be."

    Gostkowski's four-year extension is worth roughly $14 million, with about $5 million guaranteed. He'll make base salaries of $1.7 million in 2011, $2.1 million in 2012, $2.5 million in 2013 and $2.9 million in 2014.

     
  4. You have chosen to ignore posts from Rocky. Show Rocky's posts

    Re: Salary Cap Set at $120.6MM

    Ouch!

    If Cards want Manning, they’ll need to scramble to create cap space

    File photo of Colts quarterback Manning playing against the Cardinals in GlendaleReuters

    Now that the 2012 salary cap has been set at $120.6 million, we’ve obtained the full list of the cap space, or surplus, that the teams have.

    With less than 48 hours until all 32 franchises must be in compliance with the spending limit, plenty of teams have work to do.

    And if the Arizona Cardinals hope to sign Peyton Manning, they’ll need to roll up their sleeves and create some cap space.

    The Cardinals are $16.4 million over the cap, as adjusted to reflect $2 million in 2011 carryover and $1.333 million in downward adjustments.

    Amazingly, the Cardinals could have carried over $7.04 million.  They opted only to carry over $2 million.

    If they’d carried over the full amount, the Cardinals would have had to clear only $11.4 million by Tuesday at 4:00 p.m. ET.  More importantly, the Cardinals would have had an extra $5 million to pay Manning.

    For the Cardinals, the challenge will be to clear $16.4 million and then enough beyond that to fit Peyton’s contract under the cap.

     
  5. You have chosen to ignore posts from Rocky. Show Rocky's posts

    Re: Salary Cap Set at $120.6MM

    Team-by-team cap space, as of March 11

    [Editor's note:  The following list shows the cap space for each team, as of Sunday, March 11.  Transactions occurring after 4:00 p.m. ET on Friday, March 9 are not reflected.  For example, the Vikings will have more space as of Monday, due to the termination of the contracts of several players.  Also, the Jets will have more cap space, given the extension of Mark Sanchez's contract.]

    Bengals:  $49.9 million under.

    Broncos:  $44.7 million under.

    Buccaneers:  $42.7 million under.

    Jaguars:  $40.6 million under.

    Chiefs:  $32.5 million under.

    Redskins:  $31.1 million under.

    Bills:  $30.8 million under.

    Seahawks:  $29.8 million under.

    Titans:  $28.1 million under.

    Bears:  $22.6 million under.

    49ers:  $21.8 million under.

    Browns:  $17.4 million under.

    Patriots:  $16.2 million under.

    Chargers:  $14.9 million under.

    Ravens:  $14.45 million under.

    Dolphins:  $11.8 million under.

    Colts:  $11.6 million under.

    Steelers:  $10.5 million under.

    Eagles:  $9.6 million under.

    Vikings:  $7.9 million under.

    Jets:  $7.1 million under.

    Falcons:  $5.8 million under.

    Packers:  $5.4 million under.

    Saints:  $5.2 million under.

    Cowboys:  $4.7 million under.

    Rams:  $1.2 million under.

    Giants:  $3.8 million over.

    Texans:  $4.7 million over.

    Panthers:  $5.3 million over.

    Raiders:  $7.4 million over.

    Lions:  $11.5 million over.

    Cardinals:  $16.4 million over.


     
  6. You have chosen to ignore posts from Rocky. Show Rocky's posts

    Re: Salary Cap Set at $120.6MM

    The cap space figures we posted are based on the base cap of $120.6 plus any carryover, adjustments, franchise tenders, RFA tenders.

     
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    Re: Salary Cap Set at $120.6MM

    Pats, others get salary cap boost


     
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