DraftBrowns.com Staff Writer: Mikey Tricarichi
I’ve been receiving a lot of questions on twitter regarding details of transactions made by The Cleveland Browns on the first day of the 2014 NFL League Year. I’ll go over them somewhat chronologically. I’ll also touch on other news points of the day that need some explanation.
We’ll start with the adjusted salary cap number that the Cleveland Browns have to work with for the 2014 season. The league-wide cap number per team is set at $133 million. The Browns had about $24.5 million that went unspent from the previous season and thanks to the most recent NFL Collective Bargaining Agreement, they have the ability carry it over. USA Today has the 2014 adjusted cap number at $156.9 million.
Next we’ll touch on the available cap room that the Browns can spend on 2014 contracts.
Albert Breer of the NFL network reported this morning that Cleveland is $49 million under their adjusted salary cap number. That figure gives The Browns $107.9 million in current contract obligations as of the morning of March 11th 2014.
Here’s a really quick rundown of how most contracts are treated for the league salary cap:
Signing Bonus – Is considered “guaranteed money”. Gets prorated over the life of the contract (up to 5 years).
Example – Player A receives a $20 million signing bonus on a 4 year deal. To prorate just divide the bonus amount by the amount of years. That gives us a $5 million signing bonus.
Base Salary – Is the amount of money the player will be paid during the season. This amount counts fully on the specific season it is paid.
Example – Along with Player A’s $20 million signing bonus, he has a $2 million base salary. That $2 million will count on that season’s salary cap.
That gives us the basic calculation: Prorated Signing Bonus + Base Salary = Cap Number.
Now we’ll go over the available information on the Karlos Dansby and Donte Whitner contracts. (Schefter really killed it today, huh?) Also Aaron Wilson really does a great job getting contract details to make things a LOT easier for me.
Karlos Dansby – Was reported earlier (Good job, good effort, Mary Kay) that $10 million is being paid in year 1. That gives us the key piece to the puzzle. $6m signing bonus means that his base salary is $4m for 2014.
Base Salary: $4 million
Signing Bonus: $6 million over 4 years = $1.25 million each of the 4 years on the contract.
2014 Cap Number: $4m + $1.25m = $5.25 million
Donte Whitner – The tweets above from Tom Pelissero and Aaron Wilson give us all the information we need: $9 million signing bonus, 4 years, $11 million paid in 2014. That gives us a $2 million base salary ($11m – $9m).
Base Salary: $2 million
Signing Bonus: $9 million over 4 years = $2.25 million each of the 4 years on the contract
2014 Cap Number: $2m + $2.25m = $4.25 million.
That gives us $9.5 million spent today of the $49 million The Browns started with a total current cap room of $39.5 million.