biloxi-indian

New Orleans Saints $121,042,487.00.... $2,688,984.00 under the cap.

NFL.com Blogs » Blog Archive Updated cap space for all 32 teams «

I am not sure this number takes into consideration Stinchcomb's release.

Here is some info on Stinchcomb's cap numbers;

Just wanted to give you a little more clarification on the salary-cap implications of the New Orleans Saints releasing veteran right tackle Jon Stinchcomb on Monday.

I checked some rules and also put in a call to ESPN’s John Clayton, who knows how the salary cap works perhaps better than anyone on the planet and here’s what we came up with.

Stinchcomb’s $2.25 million base salary for this year was guaranteed, so the Saints are on the hook for that. Throw in this year’s share of prorated bonuses ($2.425 million) and the Saints are taking a $4.675 million cap hit this year. It could even be a little more. Stinchcomb also was scheduled for a $100,000 workout bonus this offseason. Clayton and I couldn’t come up with a decisive answer on if workout bonus will still count because offseason conditioning wasn’t allowed in the lockout. If they do, tack on another $100,000. That would bring the hit to $4.775 million, which was exactly what Stinchcomb’s cap figure would have been if he stayed with the Saints this season.

He had two more years on his contract and this release is treated like a June 1 cut, meaning some of the cap hit will spill over to next year. In 2012, Stinchcomb still will count $4.85 million toward New Orleans’ salary cap. That's the total of the prorated bonuses that would have been spread out over 2012 and 2013.

More on Stinchcomb's cap implications - NFC South Blog - ESPN

Insanity is defined as doing the same thing over, over, and over again...and expecting a different outcome!

Budsdrinker

Sure is confusing the way they move money around. Thanks for the info.

xan

I'm more impressed that John Clayton took your call!

jcp026

I read on the NFC SOUTH blog that the Saints don't get any extra cap room for cutting Stinchcomb.

alexonfyre

I believe that John Clayton took a call from Pat Yasinkas, the ESPN NFC South blogger who biloxi was quoting there...

biloxi-indian

Reports that Jon Stinchomb's 2011 salary was guaranteed were not accurate. The New Orleans Saints will save $2.25 million this year after releasing the eight-year veteran on Monday.

Apparently, Stinchcomb's contract originally called for a guaranteed salary this season, but the guarantee was voided after he received a $5.5 million "completion" bonus in 2010.

The Saints will still be charged about $2.5 million against the salary cap this year to account for the pro-rated portion of earlier bonuses paid out to Stinchcomb. And next year, they will be charged the remaining pro-ration amount of around $5 million. But they did save $2.25 million against this year's cap by releasing him.

Still, the move was not made for purely financial reasons. If that was the case, the Saints would have released Stinchomb before the salary cap went into effect on Aug. 4. They gave him the opportunity to keep his starting job at right tackle during the first two weeks of training camp before making the football decision to replace him with backup Zach Strief.

Jon Stinchcomb's 2011 salary was not guaranteed with New Orleans Saints | NOLA.com

Insanity is defined as doing the same thing over, over, and over again...and expecting a different outcome!

homerj07

SO.... How much do we have??