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Cap Space

SPORTS
February 22, 2007 | FROM INQUIRER WIRE SERVICES
Peyton Manning has agreed to restructure his contract with the Indianapolis Colts to save the team nearly $8 million in salary-cap space, the Associated Press reported. The Super Bowl MVP was to receive a $10 million roster bonus during the off-season, but by converting the money into a regular signing bonus, the Colts can prorate that amount over the remaining four years of his deal. That saves Indianapolis space under the $109 million salary cap. Meanwhile, running back Dominic Rhodes' initial court appearance on a drunken-driving charge was postponed to Monday after Marion County, Ind., prosecutors did not receive paperwork from the arresting officer.
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
March 11, 2006 | By Bob Brookover INQUIRER STAFF WRITER
The NFL's free-agent period started at 12:01 a.m. today. Honest, it really did. Proof is at the NovaCare Complex this morning in the form of a 313-pound man the Eagles would literally like to make the centerpiece of their offensive line. If things go as planned, unrestricted free agent LeCharles Bentley will be holding up an Eagles jersey for a photo opportunity by the end of the weekend after signing a lucrative long-term deal with the team. He is likely to get a signing bonus between $10 million and $12 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 1, 2006 | By Ray Parrillo INQUIRER STAFF WRITER
As an athlete trained to plow through adversity, Keith Primeau refused to accept what just about everyone else involved with the Flyers knew for weeks - that his season had been ended by his latest concussion. The 34-year-old center and consummate team captain had been told by a wave of physicians that they would not clear him to return because the next blow to his head could affect him for the rest of his life. Even when Derian Hatcher was named to replace him as captain on Jan. 29, a clear signal that he was through for the season, Primeau kept hoping against hope.
SPORTS
October 21, 2005 | Daily News Wire Services
The Colorado Avalanche, which lost Peter Forsberg and Adam Foote to free agency this past offseason, declined to pick up next season's options for Joe Sakic and Rob Blake, the Denver Post reported. The move is meant to free up cap space and could make each player an unrestricted free agent. Both signed 5-year deals with the Avalanche in 2001 with a team option for a sixth season. The Post reported that the Avs will save roughly $700,000 in cap space for this season by declining the option; team payroll numbers are based on combined averages of a player's length of 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
September 3, 2002 | FROM INQUIRER WIRE SERVICES
Defensive end Michael Strahan, who set the NFL's single-season sack record last season, agreed to a seven-year, $46 million contract yesterday that will allow him to end his career with the New York Giants. The deal came three days before the Giants' season opener against San Francisco and six months after an angry Strahan declared that this would be his final season with the team after a proposed $56 million deal fell apart. Strahan, 30, will receive a $6.4 million signing bonus.
SPORTS
November 13, 2001 | By Phil Sheridan INQUIRER STAFF WRITER
A significant date for NFL salary capologists passed yesterday with no news from the Eagles. It is not clear what that means for Jeremiah Trotter or several other players. In previous years, the deadline for counting money against the current year's salary cap has spurred the team to sign players to contract extensions. Club president Joe Banner has used the rule to extend deals while creating cap space for future seasons. The lack of activity before this year's deadline does not necessarily mean the Eagles will not re-sign Trotter, the middle linebacker who is in his final year before unrestricted free agency.
SPORTS
December 4, 2000 | by Phil Jasner, Daily News Sports Writer
If there are teams considering making a pitch to the 76ers for Toni Kukoc, they're going to have to get extremely inventive with salary-cap space. And they're going to have to wait until at least Dec. 15, the first date players with new contracts can be moved. A person familiar with Kukoc's contract revealed that the four-year deal, worth a total of $28.9 million, includes a 15 percent trade kicker. That means any team considering acquiring the 6-11 forward would have to pay him roughly an additional $4.3 million.
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