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Tuesday, May 1, 2007

Good Cap News

I received new information today concerning all the draft picks contracts from last year (2006 draft). It contained detailed info on signing bonuses, workout bonuses and salaries. Most of my information was fairly close except for one item I was unaware of. Earnie Sims apparently met some kind of escalator clause and received his 2nd signing bonus payment ($8 million) and that lowered his annual salaries for the duration of the contract. Based on this new information, I recalculated the cap hit for Sims (and the rest of the draft class of 2005) and it increased available cap space in 2007 by $2 million.

See my web page for more information http://www.theNetRat.com

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