Salary Cap 101 for the newbs
Posted: Wed Mar 24, 2010 8:58 am
This is for the newbs to make sure you understand how the salary cap works all season.
As you have seen, whatever money you haven't spent is available now for your auction funds.
However, keep in mind you probably don't want to spend it all as you need to have enough free cap space sign your rookies in May.
The auction will run all the way until the season starts as well.
And in season whatever free cap money you have will be what your available funds are for the weekly blind bidding on free agents.
Right now there is no roster limit but in mid August we have roster cut downs similar to the NFL and you must get under the limits (max 22 plus your 3 taxi squad spots for rookies only).
When you drop players you take an immediate 50% cap hit (so if their salary is 3 million you take a 1.5 million cap hit, but obviously get the other 1.5 million back). In addition if the player has 2 or more years you will take a cap hit next year based on a formula, see the constitution for details. On the left side is a link to "cap hits" where we keep track of any future year cap hits. This spreadsheet is ready to go for 2011 cap hits. I try to keep it up to date on a weekly basis at least.
Hope that clears it up and feel free to ask any questions.
As you have seen, whatever money you haven't spent is available now for your auction funds.
However, keep in mind you probably don't want to spend it all as you need to have enough free cap space sign your rookies in May.
The auction will run all the way until the season starts as well.
And in season whatever free cap money you have will be what your available funds are for the weekly blind bidding on free agents.
Right now there is no roster limit but in mid August we have roster cut downs similar to the NFL and you must get under the limits (max 22 plus your 3 taxi squad spots for rookies only).
When you drop players you take an immediate 50% cap hit (so if their salary is 3 million you take a 1.5 million cap hit, but obviously get the other 1.5 million back). In addition if the player has 2 or more years you will take a cap hit next year based on a formula, see the constitution for details. On the left side is a link to "cap hits" where we keep track of any future year cap hits. This spreadsheet is ready to go for 2011 cap hits. I try to keep it up to date on a weekly basis at least.
Hope that clears it up and feel free to ask any questions.