Carl dropped a comment in the previous thread about Gabe Carimi that I was going to comment on but it was getting too long and morphed into this post.
Per Spotrac, here is the league minimum:
YOE = years of experience. YOE is an interesting topic and the calculations for what exactly constitutes a YOE are mind blowing. Sometimes when you see a guy get cut inexplicably, you can look at their YOE – likely a team did it because they didn’t want to give an underperforming vet an automatic raise.
Our buddy J’Marcus Webb signed a one year deal with the Chefs at $730k, league minimum for his YOE. You can say a lot about Webb, but he has remained healthy and will be a serviceable backup for pretty much any team that needs a large body – and will help in camp when guys start going down.
But signing veterans to the league minimum sometimes has a useful benefit. If you think you can squeeze some good play out of a guy for minimum, there is the Veteran Minimum Salary Benefit rule – again from Spotrac:
When qualified, a player with more than two years of NFL experience can earn his total minimum salary, but have a cap figure that reflects two years of experience – or in 2014, $570,000. The contract must be for only one year, and must not contain combined bonus money (signing, roster, workout) that exceeds $65,000.
For instance, Shayne Graham recently re-signed with the New Orleans Saints on a 1 year $955,000 contract. With more than two years of experience (12), and a 1 year contract, Graham qualifies for the cap hit benefit. His 2014 cap figure will be $570,000 in New Orleans.
Had he received a signing bonus of the maximum $65,000, he would have received a $1.02 million contract, with a $955,000 base salary, a $65,000 signing bonus, and a cap figure of $635,000 (570+65).
With plenty of veterans being released, or not signed back thus far in 2014, the use of the Minimum Salary Benefit Rule becomes useful both for older players looking for jobs, and teams looking to minimize their cap dollars.
This is exactly why Webb’s cap hit for KC will only be $570k this year even though his salary will be $730k.
In an odd bit of salary cap math, the cap hit for the BEARS in 2014 will be $907,918 on Carimi. I am going to try to email a few salary cap masters as to why that is. The solid money says a dumb contract structure (again!) from the Angelo days is the reason, but I will find out for sure.
If you need some good “on the toilet” reading, here is a BASIC primer on the cap with some definitions. With just a basic understanding of the cap, you can immediately tell when the talking heads on the cable networks are making mistakes.
UPDATE: I did get clarification on why the Bears are taking a cap hit for Carimi. From my (reliable) source:
That’s money that was left over from the signing bonus that Carimi received from the Bears back when he was a rookie. He was traded last season to
Tampa after June 1 so the Bears took cap charges in both 2013 and 2014 rather than all in 2013.
I still say that Carimi was correctly selected in that draft. One of the few things I won’t bash the previous Bear regime for.