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Cap Space

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SPORTS
July 26, 2011 | Associated Press
The Baltimore Ravens have informed veteran running back Willis McGahee, nose guard Kelly Gregg, tight end Todd Heap, and wide receiver Derrick Mason that they'll be released, according to league sources. McGahee is a former Pro Bowl selection who was due a $6 million base salary this season. Mason would be due about $4 million. Gregg is a gritty veteran starter who is the most productive interior defensive lineman in terms of tackles over the last decade. Ex-Pro Bowler Heap's pending release would save $4.6 million.
SPORTS
March 13, 2012 | DAILY NEWS WIRE REPORTS
TWO PEOPLE familiar with the decision told the Associated Press yesterday that the Cowboys and Redskins will lose salary-cap space over the next two seasons because they paid exorbitant amounts 2 years ago to get more spending room for the upcoming season. Both people spoke on condition of anonymity because the league did not identify the teams. Both teams say they complied with NFL rules during the uncapped year. ESPN reported that the Redskins will lose $36 million in space, and the Cowboys will forfeit $10 million.
SPORTS
March 9, 2006 | By Tim Panaccio and Marc Narducci INQUIRER STAFF WRITERS
The Flyers waived Turner Stevenson yesterday as they attempted to clear more salary-cap space heading into today's 3 p.m. trade deadline. The waiving of the right winger, who will turn 34 in May, will likely add roughly $262,000 in space to the $2 million the Flyers have now that Keith Primeau's salary is no longer included. If Stevenson is claimed, his entire salary of nearly $1.26 million will be erased under the cap, but that is not likely given his injuries this season and the remainder of his contract.
SPORTS
March 9, 2003 | FROM INQUIRER WIRE SERVICES
The Tampa Buccaneers cleared room under the salary cap Friday by restructuring the contract of all-pro defensive end Simeon Rice, then used the space to re-sign linebacker Shelton Quarles and add offensive lineman Jason Whittle. ESPN.com reported that Rice, who had 15 1/2 sacks last season, agreed to a five-year, $41 million proposal that includes an initial signing bonus and spring 2004 option bonus that total $20 million. Rice will earn about $600,000 in base pay next season.
SPORTS
October 4, 2006 | Daily News Wire Services
Devils leading scorer Brian Gionta and four other veterans signed with New Jersey yesterday after the NHL gave the team $3.5 million in salary-cap relief by placing veteran forward Alexander Mogilny on the long-term injury exception list. Defensemen Paul Martin and Dave Hale, backup goaltender Scott Clemmensen and center Erik Rasmussen signed 1-year contracts as the Devils finalized their roster without violating the league's $44 million salary cap. General manager Lou Lamoriello removed $7.1 million from the cap in the past 3 days by trading defenseman Vladimir Malakhov ($3.6 million)
SPORTS
August 20, 2008 | By Sam Carchidi INQUIRER STAFF WRITER
Flyers general manager Paul Holmgren didn't sound like a man on the verge of signing free-agent center Mats Sundin yesterday. Sundin, 37, an eight-time all-star, has drawn interest from several teams, including the Flyers. Holmgren's interest seemed exploratory, and it remained a long shot that the Flyers, already about $1 million over the NHL's $56.7 million salary cap, would be able to afford Sundin. "Personally, I'd like it to all go away," Holmgren said of the rumors that the Flyers were in the mix for Sundin.
SPORTS
March 31, 2014 | By Zach Berman and Jeff McLane, Inquirer Staff Writers
DeSean Jackson's search for a new team will begin Monday, when the former Eagles receiver is scheduled to visit the Washington Redskins, according to a league source. At least nine teams have expressed interest in Jackson, according to the source. Jackson was released by the Eagles on Friday after the team became concerned about his off-field behavior and believed it could no longer trade the three-time Pro Bowler. Other reported suitors include the Chiefs and Jackson's former coach, Andy Reid.
SPORTS
July 1, 2013 | By Keith Pompey, Inquirer Staff Writer
Next up for Sam Hinkie and the 76ers: free agency. Monday begins the next important step in the general manager's quest to rebuild the franchise. Waiting another year to make a big splash would make sense. That's when the Sixers could have the salary cap space to lure a max-level star player. But don't get it twisted. The Sixers will have to make some free-agency moves this offseason no matter what. Come Monday, they will have only seven holdovers from this past season's team.
SPORTS
April 1, 2012
Suddenly, the Eagles have a fire burning on their front lawn. It had been a smooth and serene offseason for the team, the to-do list meticulously crossed off one by one until all that seemed left to do was kick back, watch some game film, and try to bolster a solid roster in the draft. Then came Friday's news that Jason Peters, their Pro Bowl left tackle, one of the Eagles' two best players in 2011 along with LeSean McCoy, had ruptured his Achilles tendon, probably ending his season.
SPORTS
June 2, 1997 | By Paul Domowitch by Paul Domowitch, Daily News Sports Writer
The National Football League has a tiny problem. Last month, it held its annual college draft, selecting a total of 240 players. But at the moment, the league doesn't have enough money to pay most of those 240 players. With the opening of training camps just a month-and-a-half away, only five of the league's 30 teams currently have enough salary-cap space to cover their rookie wage-pool allotments. What's a cap-strapped general manager to do? Well, he's got just two options, and neither one of them is The Money Store.
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SPORTS
March 12, 2016 | By Zach Berman, Staff Writer
Howie Roseman said the Eagles' decision to trade Byron Maxwell, Kiko Alonso, and DeMarco Murray was "about value," which came from improving draft position and opening cap space to allocate elsewhere. In the trade of Maxwell and Alonso to Miami, Roseman's objective was obtaining a top 10 pick. The Eagles moved from No. 13 to No. 8. "We felt there were 10 players that really stood out to us," Roseman said. "Picking 13th, we felt if we were in position to get one of those top 10 guys, there was tremendous value in that.
SPORTS
July 3, 2015 | BY JEFF NEIBURG, Daily News Staff Writer neiburj@phillynews.com
AFTER THE FLYERS cleared cap space in a trade with Arizona last weekend, adding Sam Gagner to the mix, the general question around Flyerland was: What forward comes next? Flyers general manager Ron Hextall said that upgrading the skill level up front was crucial for the team's offseason. And after two days of free agency, Gagner might be that upgrade after all. He also might be the only player the Flyers add to their first three lines this summer, barring any trades. "He is a very skilled forward," Hextall said of Gagner.
SPORTS
June 30, 2015 | BY ED BARKOWITZ, Daily News Staff Writer barkowe@phillynews.com
FORT LAUDERDALE, Fla. - The acquisition of Sam Gagner has either given Ron Hextall the top-nine forward he coveted or the salary-cap relief he desperately needs. Clarity will come when the free-agent market opens on Wednesday, but it sure sounds like Gagner need not bother looking for local real estate agents just yet. Hextall on Saturday acquired Gagner from Arizona for defenseman Nick Grossmann and the contract of Chris Pronger, who was still on the Flyers' books despite not playing since 2011 because of a career-ending concussion.
SPORTS
March 6, 2015 | By Jeff McLane, Inquirer Staff Writer
If LeSean McCoy was "ready to move on" a day after he was informed that the Eagles planned to trade him to the Buffalo Bills, as a source close to the running back said Wednesday, then so should we. The eventual departure of McCoy - the deal cannot be finalized until the new NFL year opens Tuesday - will give the Eagles an estimated $50 million in salary-cap space heading into free agency. And there could be more purging ahead. But even if the Eagles were to re-sign wide receiver Jeremy Maclin before he hits the open market, Chip Kelly will still have plenty of cash to play with in free agency.
SPORTS
March 31, 2014 | By Zach Berman and Jeff McLane, Inquirer Staff Writers
DeSean Jackson's search for a new team will begin Monday, when the former Eagles receiver is scheduled to visit the Washington Redskins, according to a league source. At least nine teams have expressed interest in Jackson, according to the source. Jackson was released by the Eagles on Friday after the team became concerned about his off-field behavior and believed it could no longer trade the three-time Pro Bowler. Other reported suitors include the Chiefs and Jackson's former coach, Andy Reid.
SPORTS
July 5, 2013
In a scramble by NHL teams to free space under the salary cap before the start of free agency, five veteran players were placed on unconditional waivers on Wednesday. The Minnesota Wild confirmed they waived defenseman Tom Gilbert for the purpose of buying out the remaining year of his contract. The Nashville Predators said they placed forward Sergei Kostitsyn on waivers. Also waived, according to a person familiar with the moves, were Detroit defenseman Carlo Colaiacovo , Vancouver defenseman Keith Ballard , and Buffalo forward Nathan Gerbe . Former New York Islanders goalie Rick DiPietro cleared waivers and had his contract bought out by the team.
SPORTS
July 1, 2013 | By Keith Pompey, Inquirer Staff Writer
Next up for Sam Hinkie and the 76ers: free agency. Monday begins the next important step in the general manager's quest to rebuild the franchise. Waiting another year to make a big splash would make sense. That's when the Sixers could have the salary cap space to lure a max-level star player. But don't get it twisted. The Sixers will have to make some free-agency moves this offseason no matter what. Come Monday, they will have only seven holdovers from this past season's team.
SPORTS
May 21, 2012 | By Sam Carchidi, Inquirer Staff Writer
So where do the Flyers - after a very good regular season that morphed into a very weird playoff showing - go from here? Well, in a best-case scenario, they would become one of the NHL's best teams if they somehow signed New Jersey winger Zach Parise and Nashville defenseman Ryan Suter, a pair of prospective free agents. Will they have the cap space for both? Doubtful. And even if they were to make a deal to free cap space, the odds of them beating out a long list of suitors for both players would not be favorable.
SPORTS
April 1, 2012
Suddenly, the Eagles have a fire burning on their front lawn. It had been a smooth and serene offseason for the team, the to-do list meticulously crossed off one by one until all that seemed left to do was kick back, watch some game film, and try to bolster a solid roster in the draft. Then came Friday's news that Jason Peters, their Pro Bowl left tackle, one of the Eagles' two best players in 2011 along with LeSean McCoy, had ruptured his Achilles tendon, probably ending his season.
SPORTS
March 26, 2012 | By Jeff McLane, Inquirer Staff Writer
WEST PALM BEACH, Fla. - As they would prefer, the Eagles arrived at the NFL owners meetings under the radar while two NFC East rivals filed a grievance to have a combined $46 million in salary cap penalties overturned. Earlier this month, the Washington Redskins and Dallas Cowboys were fined by the league for front-loading contracts during the uncapped 2010 season. The Redskins were hit with a $36 million penalty, and the Cowboys took a $10 million blow. The penalties will be split evenly over the next two seasons.
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