Friday, April 18, 2008
MiscellaneousTransactions
Over the past couple of weeks, the Lions made several transactions, none of which effected the salary cap much.
Stanley Wilson - Wilson was a Restricted Free Agent (RFA) and before the year began, the Lions offered him a general tender of $927,000. The amount of RFA tenders are counted against the cap at the start of the league year. So, when Wilson officially signed his tender on April 8th, it had no effect on the Lions cap status. His current year cap cost is $927,000.
LaMarcus Hicks - Hicks is entering his second year and signed on April 8th for the league minimum. His salary is not included in the Top 51 and does not effect the Lions current cap status. Current year cap cost is $370,000.
Paul Ernster - Ernster is entering his third year and signed on April 10th for the league minimum. His salary is not included in the top 51 and does not effect the Lions current cap status. Current year cap cost is $445,000.
Stephen Peterman - Just like Wilson, Peterman was a RFA and was offered a general tender of $927,000. He officially signed the tender on April 17th. His current year cap cost is $927,000.
Patrick Body - Was released on April 8th. His base salary of 445,000 was not included in the Lions cap cost. There was no cap savings from releasing Body.
John Deraney - Deraney was released on April 14th. In an earlier blog entry, I suggested that it was odd that they kept Deraney on the roster as long as they did and that no injury settlement was reached. I stand by the fact that I find it odd, but nothing more came of it. Deraney signed a 3 year contract in May of 2007 in which he received a $5,000 signing bonus and was due a base salary of $370,000 in 2008. The Lions have dead cap from releasing Deraney in the amount of $3,334.
Saturday, April 5, 2008
Pat Kirwan and Updated Brian Kelly Cost
Pat Kirwan is one of my favorite national media writers. He is one of the few that I religiously read almost everything that he writes. He uses his prior experience in the NY Jets front office to provide great offseason analysis and draws on his prior coaching experience and scouting background to provide in depth analysis of draft prospects and the regular season.
Yesterday, he wrote an article, Spring cleaning NFL-style means trimming cap space, in it he addresses teams that are tight against the salary cap and confirms that the Lions are extremely tight against the cap, $668,000 under. I currently had the Lions at $990,000 under the cap, but have updated Brian Kelly's cap cost (see below) to agree with Kirwan's report. A couple of items that he addresses with the Lions, need to be expounded upon.
Kalimba Edwards - As I noted in an earlier blog entry, Edwards was designated as a June 1 release and consequently, we will receive an additional $4,000,000 of cap space on June 1, when he is officially off the books. So, yes we are tight against the cap right now, but there is relief on the horizon and Edwards cap space will be used for the bulk of the rookie draft pick costs.
Dominic Raiola - With a base salary of $3.4M and a current year cap cost of $4.4M, Raiola is a candidate to be renegotiated. However, Raiola is signed through the 2009 season and it's generally been the practice of the Lions to negotiate extension of player contracts in the final year of their contract. Raiola could be renegotiated and extended, but I think it's unlikely. I believe the Lions will address Raiola's contract near the end of this year or next year.
Calvin Johnson - Kirwan also mentions that Johnson may be a candidate for a restructure, but according to the CBA agreement, Article XVII Entering Player Pool, Section 4(i) states:
- The Player Contract of a Rookie may not be renegotiated until after his Club’s final game of the second NFL season following the signing of such Player Contract.
Therefore, Calvin Johnson's contract cannot be renegotiated until after the final game of this season, at the earliest.
Jason Hanson - Hanson is in the final year of his contract and is due a base salary of $1,650,000. Even at 38, Hanson likely has another 10 years left in him (if he so chooses). He is a definite candidate to be extended, with an extension reducing his 2008 salary cap cost. The odd thing, for me is . . . John Deraney. Deraney has been on the Lions roster since last May and I believe worked out mostly as a punter, even though at NC State, he served as both the teams' kicker and punter. When he went on IR last August and no injury settlement was reached (common for camp fodder that get injured), I thought that maybe Nick Harris' job was in jeopardy, but the Lions gave Harris a 5 year extension last September, so obviously Harris' job is safe. Could Hanson be a draft day trade to a Super Bowl contender on draft day? We all know how important a kicker can be in the playoffs and Hanson would be an immediate upgrade on almost any team out there. Could Deraney be in the Lions future plans at kicker? I find it hard to believe, he was a good college kicker, but far from stellar, but nonetheless, it just seems odd to me.
Brian Kelly - Initially, because financial details were not disclosed on Kelly's contract, I had to make an educated guess on what Kelly's current year cap cost might have been. Based on the information from Kirwan, I'm going to change his estimated signing bonus from $3M to $4M and his updated current year cap cost would be $2,590,053.
- 1,333,333 signing bonus proration ($4M over 3 years)
- 1,250,000 base salary
- 6,720 workout bonus
Current year cap status, $668,000 under the cap.