Overtime salary cap space is always a useful commodity to own. The top two remaining sources of salary cap savings in 2022 are Allen Lazard and Dean Lowry. Looking at the numbers, I see very few places to generate a salary cap space should the need arise. 9 of the top 15 contracts have base salaries set at a minimum with no outstanding bonuses. Ross Paul can squeeze those contracts as hard as he wants, but he can’t get any more of them. In some cases, the release results in a million or two max savings, but these guys are all major players. The Packers could fire Marcedes Lewis to get some rest, or Mason Crosby for $2.9 million to ease the salary cap, but there are no proven alternatives on the list for them.
Three other potential sources are player contracts that players probably shouldn’t be messing around with just yet: Rashan Gary, Darnell Savage and Elgton Jenkins. The Packers will likely extend Jenkins during the season after he returns to the field and if he is playing at a high level. The Packers could pull out a million or two cap savings with an extension to Jenkins if it absorbs what would likely be a massive signing bonus as an option bonus due in 2023. That leaves Allen Lazard and Dean Lowry.
Lazard plays in the RFA bid for $3.986 million, all base salary. A simple restructuring with 4 years voided would reduce Lazard’s cap number to about $1.57 million, thus saving roughly $2.42 million for 2022. Yes, $2.4 million would become dead money in 2023 if the Packers chose not to re-sign on Lazard. The Packers restructured the Tonyan RFA tender last year. That may still happen with Lazard. It must. why? Because I don’t see any real downside to doing this step.
There is no law obligating General Manager Gutkunst to spend the $2.42 million that will be saved in 2022. If a chance of acquiring an exciting enough player doesn’t arise during the season, the Packers can simply roll the $2.42 million into 2023. An additional $2.4 M in rollover Negates an additional $2.4 million in dead money for 2023. If my youngest son were the GM Packers, there would be no problem: One needs the jaws of life to open their wallet. I don’t think Gutekunst is a wasteful. Yes, he did spend a lot in 2019, but since then his acquisitions have been pretty mediocre, and the acquisitions he has made in the season are making quite a bang for the buck. I have no problem giving discretion and being able to use that discretion to Gutekunst.
There must be a reason Dean Lowery is the only second-decade player whose contract has not been restructured. The two things that come to my mind are: 1) Packers needed Lowry’s approval to turn base pay into a signature bonus and/or add void years to his deal, and he didn’t give his consent; Or 2) Packers wanted to keep the option to trade or release Lowry without a ceiling hit. The live issue or Lowry’s trading right now still saves $5.45 million in 2022 without adding more dead money to 2023 than is already planned.
Why would Green Bay want to move Laurie? As mentioned above, great opportunity or the perception of urgency combined with the idea that the acquisition of Garan Reed and/or the emergence of Jack Heflin, Chris Slayton, or faith in Devonty White made Lowry unnecessary. The opportunity might just be having enough room to gain a particularly attractive player in Week 2 (when veteran contracts are no longer guaranteed) or at the October trade deadline. Last year, the Packers couldn’t make a competitive bid for Odell Beckham, at least not without doing some serious gymnastics with the contract. Beckham earned $4.75 million and the Packers earned just $2.9 million.
Necessity may occur due to a major injury to a key player, players returning from injury not being able to perform at their previous level, or failure of starters and free agent acquisitions to play up to the expected level.
Is Lori redundant? Justis Mosqueda books are interesting Article – Commodity He mapped out where each player Packer played during Family Night and during the first half of games against San Francisco and New Orleans, when they likely faced better quality opponents.
Jack Heflin led all players with 22 shots in DE, followed by Reed with 15, Wyatt and Laurie with 14 each, Slayton with 11, and Ford with 6. At DT, Heflin finally came out with a narrow lead. Slayton (23) Wyatt (15) and TJ Slaton (12) led the way in DT. Note that the Rookies (Clark, Laurie and Reed) have not played in any of their pre-season games, so their number is lower because they only played during Family Night. I feel more comfortable with the depth in the defensive line with Laurie in the picture. However, if another position has to be supported by an outside player acquisition, Lowry, although perhaps not redundant, could be someone who could be in a deal at the November 1 trading deadline (right after Match 8) . The Packers will save $2.778 million in cap space if Lowry trades by the deadline.
Restructuring: A simple restructuring with 4 years voided creates $3.506 million in cover space. It adds about $3.5 million in dead money for 2023. Again, there is no law Gute has to spend the maximum created. The restructuring is meaningless if the team wants to trade Lowry now or release him.
Do the packages need more cover space:
The cap is now in flux. On September 2, I wrote in a comment that the Packers had $6.0 million in cover space, but today they have $6.9 million, according to Overthecap. The main reason for this is that Packers released Alize Mack and Nate Becker from the Injured Reserve List after they reached an injury settlement with these players. Settlements were probably for a few checks per game. The Packers still have the following players on IR:
|player||hat #||player||hat #|
|Vernon Scott||$91,922||Gabe Brickic||430 thousand dollars|
|owner taylor||$895,000||Osiris Mitchell||430 thousand dollars|
|Shawn Davis||$825,000||Ismail Heyman||430 thousand dollars|
|Akeal Byers||$432,666||Ines Gaines||430 thousand dollars|
These eight players still charge $4,788,588 against the salary cap. [Five players have “split contracts” which lower their cap numbers in case of injury. Byers’ cap number is also $430K plus one third of his $8,000 signing bonus.] The players have the medical information on these players, but we fans have no way of knowing which players have minor injuries or if any of them are likely to be on the injured reserve list all season. The Packers have 5 business days to reach settlements with these players, so players who waived injury on August 30th have until approximately September 7th to reach settlements. Otherwise, Packers will fire them when they can pass a physical at some point during the season, at which time the team will accumulate extra space. We can hope for an additional $4 million in space, but it could be a lot less. Kylin Hill accounts for $475,000 ($455,000 in split contract number plus his $19,000 signing bonus) while on the PUP roster.
The Packers also have an extraordinary number of players with large active bonuses for the game who have lost a lot of time in the past year. Only $35,294 of the Bakhtiari active game bonus of $600,000 counts towards the cap. If he played all 17 games, the total space for players would be $565,000 less than what is listed today. [Note that the moment Bakhtiari suits up for his second and each subsequent game, the team’s cap space is reduced by $35K. It is not sorted out at the end of the season: it is immediate.] If they played every game, Tonian’s cap would increase by $600,000, Cup by $242,000, and Douglas by $133,000. The total additional amount that can be charged for the maximum Extraordinary Health from the active rewards of the game is $1.9 million per Ken Ingalls. Other than Tonyan ($1.515M bonus) and CUP (GA bonus $825,000 USD), players won’t get much space if a player with an active in-game bonus wastes time. If Cobb misses all 17 games, the Packers will save his active bonus of $825,000, but they will sign someone who earns at least $705,000 to the 53-player roster, making the savings negligible. I think a wise manager would budget at least $1.3 million less because of the active rewards for the game that might be won.
Upgrading the players from the coaching team costs money. All players on PS earn 207 thousand dollars (none of them are veterans). [As a note, teams can no longer pay PS members more than $207K per year for non-veterans, and veterans are earn between $277,200 and $358,200. Teams cannot pay PS players more than those amounts.] Players earn $11,500 per week on PS, and earn $39,166 per week if they are promoted to the roster, a difference of $27,666. 17 games multiplied by $27,666 equals $470,322 to upgrade one player per game. To raise two players per game, the additional cost will be $940.644. I think $692,000 has been allocated to upgrading the coaching team (8 games with two players lifted and 9 games with only one player raised).
The packages are $6.9 million, and they will likely earn $3 million (?) when players are removed from the IR roster. The team should allocate $1.3 million to active game rewards and nearly $700,000 to PS promotions, leaving a net $7.9 million. It is possible that some players have incentives built into their contracts. The maximum salary space tends to vanish during the season, generally to between $3 million and $5 million, leaving roughly $2.9 million to $4.9 million in spendable space. I intend to document the amount of Cap Melt this year. Finally, the packers will likely want to move some of their unused cover space into 2023.
So, do packets have enough?