Colts saved $10M in salary cap
Yesterday the Colts have saved $10.4 million of cap space by releasing several veterans. The flip side is that they'll now eat nearly $40 million in dead money:
Including Manning and Friday's cuts, the Colts freed up approximately $10.6 million under what is expected to be a $120 million salary cap in 2012. However, the deletions, along with previous player moves, leave the team with nearly $38 million in dead money, which is remaining prorated bonuses that have been paid but not yet applied to the cap.
The Colts could apply the entire amount against the 2012 cap -- that would be about one-third of the cap being taken up by players no longer on the roster -- or push portions of two players' dead money into 2013.
Also, this week's transactions saved Irsay significant cash: about $50 million, which includes 2012 base salaries and the $28 million option bonus Manning won't be getting.
Ryan Grigson and team officials have indicated that the real benefit won't be realized until 2013 which suggests they may accelerate some of the dead money to 2012.
It is going to be interesting to see how the rule of 51 comes into play with so much dead money!
It makes sense to cut Freeney to save money to the 2012 cap as well. They aren't going to be able to trade him and get a reasonable return out of it.
I had an attachment to all the players. But, all 4 were very high salaries and not actually contributing lately. Might as well start all over and definitely now start the Luck era. I just hope they get at least a second round pick for Dwight. Even if they kept all of them I didn't see more than 6 wins maximum. Hopefully this bodes well for my playoffs in 2013 bet I made.
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It is evident the Colts plan on finishing with a terrible record again next year, try to trade the big pick they will receive (probably 1-3), and try to start building a team the next year. if they do nothing else, they had better shore up the offensive line big time immediately, or Luck will not last until next year. As they say, "You play to win the game." Or in the Colts case, maybe not.
@southdodger the guy who said that has been fired twice so maybe he doesnt know as much as we think? lol
You play to wint eh game, is a pretty str8forward observation.
Fans dont pay $100 bucks a pop to sit and watch there team go 2-14 every year
@Thecolthardtruth @drgreenthumb1001
1. if you wont go to the game because you have your panties in a wad because the team wont let you dictate to them, you are a customer, not a fan. You can shop around for which team gives you the best return on your shopping dollar. I am a fan. I will stick with the team I have rooted for since childhood.
2. We can replace Clark's 34 catches for half the cap hit and who knows, the replacement might actually play 16 games a season instead of missing 15 games the last two years like Clark did. And Bulitt? He has played in 6 games the last two years. Yup, we should give him a raise I guess for the 3 games per season he plays. Grigson might not know much about the cap but he obviously knows more than you do about ONE thing . . .If you cant play, you cant help the team.
3. I am excited to see this rebuild take shape. Every team has to rebuild eventually. You cant get better without rebuilding. Players have a short shelf life so they all need to be replaced eventually. I am excited to see Luck in a Colts uniform and see what we have in him and see him develop. I am excited to see an aggressive defense built. Yup, I am excited about next year as the beginning of something.
@19>18 @drgreenthumb100119>18 "so there is no one simple statement of fact that covers all the fans' motivataions. And the Colts went 2-14 once in the Manning generation so your point is a bit over the top, dont you think"
First, fans come to support their team, they spend their $$$ because they like their team and are willing to pay to see them. Part of that is the product you put on the field. Not only will next years team be AWEFUL, it will also feature a bunch of nobodys that Irsay and Grigson find in a ditch somewhere. People pay to see players they know and love or are excited to see play, all we will have next year is Luck, and who knows what he will do. Is anyone EXCITED to see the Colts play next year? I'm more curious than excited. Secondly, Petyon is GONE, this is not the PM era anymore. So 2-14 next year? if we are lucky. Also Grigson wasn't lying when he said he knew NOTHING about the cap, why is he cutting guys who could help us win and aren't free agents? If you let them walk you don't take a huge cap hit, you get compensitory picks. If you don't think Clark or Bullitt couldn't help us next year you are crazy, and we lost them both and didn't even clear ONE salary.
so are most trite and flawed statements of bumper sticker philosophy. From what I have read, many fans pay their ticket prices to go see Manning, win or lose and others will root for the Colts to lose when Manning comes to town, Based on my experience a lot of fans buy tickets solely to overpay for bad beer and get drunk and obnoxious . . . so there is no one simple statement of fact that covers all the fans' motivataions. And the Colts went 2-14 once in the Manning generation so your point is a bit over the top, dont you think? Before Manning, even with bad attendance, tens of thousands of fans bought season tix knowing the team would lose more than win. So no . . . nothing is quite that straightforward.
