1. Which source are we going to use in order to determine cap space?
2. How much cap space should we set aside for our draft class?
3. Are we allowed to release players for additional cap room?
4. Does the deadline of Tuesday at midnight mean that free agent offers are due tonight at midnight (technically Tuesday), or tomorrow night?
I was going to let GMs be responsible about their own cap. But since you provided me the reference, I'll use it as a reference. You guys will still be responsible though as I'm not about to go capologist on everything. If something sticks out, then I'll question it, but I suggest making it easy for me please.
You don't need to set aside money for your draft class prior to the draft. Some teams won't even keep the rookies that they drafted on their 53 man roster. However, all teams to be under the cap at the end of the preseason.
You will be allowed to release players (the transaction thread hasn't started yet), but when you do, you will absorb any dead money owed.
This is probably the most confusing aspect for most people. Some people this its additional money added on top of the salary cap which is not the case at all. The “Rookie Pool” is a cap within the salary cap. It is essentially money that your team needs to place aside for your rookies. It is not added to your salary cap at all.
The Chiefs (pretending there is no trade for Alex Smith) would have an allotment of around $7.445 million for their rookie class. What that means is that at the end of the preseason, assuming all their rookies make the club, the Chiefs will need to devote $7.445 million in cap dollars to their rookies. So if the Chiefs had a salary cap of $123 million their effective cap space for spending is only $115.55 million in 2013.
However when reading this it is easy to jump to conclusions that the Chiefs need to be $7.445 million under the cap today just to sign rookies. Not exactly. We need to remember that in the offseason the salary cap is based on the “Rule of 51” which means only the top 51 cap charges (plus dead money) count towards a teams salary cap. Most teams have more than 51 players under contract. The Chiefs have 55.
This means that each of the Chiefs 7 draft selections will displace a player who is currently counting towards the salary cap limit. Most of these players earn $405,000. So if you have 51 or more players under contract here is the general rule as to how you calculate the net cap space that is being eaten up by your rookie pool:
Year One Rookie Pool – (405,000 x number of draft picks)
For KC that is equal to just $4.61 million a big difference between the $7.445 million we first thought we needed to set aside. So is the Chiefs have at least $5 million in cap room they can sign free agents and not need to worry about their rookie dollars being compromised. If you are a team with less than 51 players that you will need to adjust your calculation accordingly to
Year One Rookie Pool – (405,000 x (number of draft picks – (51- players under contract) )
These are your net cap space requirements for rookies or what I would call your “Effective Rookie Pool”.
Working with bucsfan12 on the Revis trade, want to keep it at realistic as possible so I'm not gonna start a bidding war and get a higher pick, if he's down to give 13 for Revis which will most likely happen irl I'll do it, just a matter of what mid round selection we get with it.