Examining the Seahawks “True” cap space after a wild weekend of trades and cuts
By Geoff Shull
The final steps to get the Seahawks “True” cap
Practice squad and injury reserve safety net
The NFL has allowed NFL teams to have a 16-man practice squad. This is up from the original number (12) that was agreed upon during the spring’s CBA. The original cost was estimated at $2.2 million. With the additional 4 bodies, I expect this number to jump up to roughly $2.9 million.
The injury reserve safety net is a little hairier. Typically, teams set aside $2-$3 million every year. This is used as a ‘just in case’ a player gets seriously injured and needs to be replaced with an outside body. With the new agreement in place between the NFLPA and the NFL there is now a temporary IR. This will be used if a player tests positive for COVID-19.
This leads me to believe the standard amount allotted for this may grow slightly. I am going to be safe and set aside $4 million for the safety net in these uncertain times. If nothing else, this will be worst-case scenario.
Failed Physical Designation (FPD – releases)
The Seahawks released 4 players with a failed physical this year. The released players are Ed Dickson, Justin Britt, Nazair Jones and Tedric Thompson. Per the CBA, if a player is released with a failed physical and remains unsigned by the time the regular season begins, the team that released the player will be responsible for a payout. The payout comes at the lesser of the two; 50% of the player’s original base salary or $1.2 million.
As for Justin Britt and Ed Dickson, they will both fall under the $1.2 million limit. Nazair Jones and Tedric Thompson will both fall under the 50% of the base salary bubble. All in all, this has a potential cap charge of $3.84 million.
A keynote: If any of these players sign with an organization before the regular season, the Seahawks will no longer be responsible for these payouts. There is a decent shot that Tedric Thompson, Nazair Jones and Justin Britt will sign with another team.
Ed Dickson is likely done in the league after numerous injuries. This gives a floor of $1.2 million and a ceiling of $3.84 million. For the sake of this article, we will play it safe. If you want to read more about the breakdown of this rule, click here.
Final Cap Breakdown:
Cap Space (Start): $10.37 million
Jamal Adams Trade (Net): $500k
Players Released: $4.32
Draft Pool: -$629k
Practice Squad: -$2.9 million
Injury Reserve: -$4 million
FPD-Releases: -$3.84 million
“True” Cap Space: $3.8 million
This is a worst-case scenario. The best-case scenario would be that Justin Britt, Tedric Thompson and Nazair all sign elsewhere. There is also the chance that the Seahawks allot a lower amount for the injury reserve safety net, something around $2 million.
Were this to happen, the “True” cap would be a little healthier. This would bring the best case scenario to around $8.5 million. This would be more than enough space to bring make another move or two.