Creative enterprise (cont.)
Posted: Saturday March 1, 2008 2:09AM; Updated: Saturday March 1, 2008 11:48PM
Such incentives count against a team's cap the year they're written, but if they're not met -- and teams have ways of making sure they're not met -- the team is then credited the amount of the bonuses against the following year's cap.
According to figures distributed to each NFL team this week, 24 of the 32 NFL teams were given upward cap adjustments for 2008, six teams were given downward cap adjustments (thanks to conventional incentives that were met) and two teams had no adjustments.
Of the 24 teams that gained more room under the cap, seven tacked on at least $10 million, a group led by the Vikings ($18,432,577), Eagles ($14,087,449), Buccaneers ($13,306,634), Bills ($12,713,009) and Browns ($12,633,503).
Not coincidentally, the Eagles, Vikings, Bills and Browns all made a splash on the first day of free agency.
The Vikings signed safety Madieu Williams to a six-year, $33 million contract; the Eagles signed Asante Samuel to a six-year, $57 million deal, the Bills acquired linebacker Kawika Mitchell and signed him to a five-year, $17.5 million deal; and the Browns traded for defensive tackle Corey Williams and gave him a deal including nearly $20 in guaranteed components.
What team lost the most money via cap adjustments? The Lions. They have the lowest adjusted cap in the league in 2008 -- their $111,380,935 figure actually coming out $5,348,065 below the unadjusted cap figure.
Does that surprise anybody?
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