tobb (Login Bengal_Boy) Approved MikeBrownSucks.com Members Posted Jul 16, 2011 6:41 AM
Guys, this will crush Mikey financially or force him to be competitive. No way in hell he will "distribute the difference" between the minimum and the underspend to the existing players.
"Compromises to the proposed $120 million salary cap have been made to help teams who have lower revenue streams, according to sources.
The NFL and its players agreed on Thursday night to a $120 million cap with players agreeing to a team minimum cash payroll of 89 percent of the cap as long as the league-wide cash guarantee is 99 percent of the cap, sources said. For example, the Cincinnati Bengals, Buffalo Bills or Jacksonville Jaguars would be required to have a minimum cash payroll of $106.8 million in 2011. If they fail to reach that level by the end of the season, they would distribute the difference to the players on team at the end of the season.
League-wide, the 32 NFL teams must spend $118.8 million per team -- $3.801 billion -- in 2011.
That 89-99 formula stays in place for the first two years of a proposed new collective bargaining agreement. In the third year, the guaranteed spend of a team rises to 95 percent.
This adjustment was made for teams such as the Bengals and Tampa Bay Buccaneers. The Bengals cash payroll would be at roughly $60 million if they release or trade wide receiver Chad Ochocinco and Carson Palmer sits out the season, removing $17 million from their payroll. The Tampa Bay Buccaneers have a current payroll of $63 million. Instead of having to spend to $120 million, the Bengals would have to spend $46.8 million in cash this year while the Bucs would have to spend $43.8 million."