July 26, 2011 |
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.
March 13, 2012 |
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.
March 9, 2006 |
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.
March 9, 2003 |
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.
October 4, 2006 |
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)
August 20, 2008 |
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.
March 31, 2014 |
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.
July 1, 2013 |
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.
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.
June 2, 1997 |
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.