How the Patriots would fit Player X onto their salary cap taken at BSJ Headquarters (Patriots)

(William Hauser/USA TODAY Sports)

One of the more frequent questions that I receive on Twitter is whether or not the Pats have enough cap space to acquire Player X.

Right now, with $4,961,084 in cap space, only if the player is really cheap. As I've laid about before, they need some room to operate for the rest of the season (incentives to be paid, practice squad, injured players, etc). And while the salary of any player brought on board would be prorated for the rest of the season, that doesn't leave much room for a big-ticket player.

Let's just cut to the chase. This is what you need to know in terms of what the Patriots can afford:


  • Cap hit of less than $2 million: Patriots can afford without doing anything.

  • Cap hit between $2 million and $5 million: Will have to create cap space.

  • Cap hit more than $5 million: Will have to trade a current Patriot to take on such a player.




Joe Staley, 






Potential trade targets




Giants DE Jason-Pierre Paul: 


  • 2018: $12.5 million ($7.75 million of which is fully guaranteed)

  • 2019: $14.5 million

  • 2020: $12.5 million




Joe Thomas: 




Pernell McPhee


Creating cap space




  • Cut a player;

  • Trade player;

  • Have player accept a pay cut: a Patriot player has never accepted a pay cut during the regular season under the current CBA which began in 2011;

  • Extend player while converting salary into a signing bonus: Patriots have never performed this move during the regular season under the current CBA;

  • Convert salary into signing bonus: Patriots have never performed this move during the regular season under the current CBA. The only time the Patriots have performed this move in recent years was in '16 when they converted $3.74 million of Devin McCourty's base salary into a signing bonus the Friday before the Week 1 game against the Cardinals. The Patriots gained $2,805,000 in 2016 cap space in exchange for increasing each of McCourty's future cap numbers by $935,000.


Background Information




  • NFL Players are paid for the 17 weeks during the regular season.

  • Most contracts have a clause that allows the team to convert salary into a signing bonus at any time and at the team's discretion.

  • Once a player has received cash in the form of a roster bonus or a weekly salary it cannot be later converted into a signing bonus to create cap space. Example, a player with a $1,700,000 salary got paid for Week 1. That $100,000 can't later be converted into in a signing bonus.

  • When a team trades a player the new team assumes responsibility for the player's remaining salary and any remaining 46-man active roster bonuses. Let's use Ryan Allen as an example. If traded after the Week 6 Jets game his team would then be responsible for 11/17ths of his $1,200,000 salary and 10 of his 16 46-man active roster bonuses.

  • In the first two ways (cut or trade a player) the cap savings will be decreased by the salary of the player who replaces the cut player on the 53-man roster.

  • It is rare for a player, especially a veteran who is eligible for termination pay, to agree to a pay cut during the regular season. Why? A player who is eligible for termination pay had his entire salary for the season guaranteed by being on the team's Week 1 53-man roster.

  • APY is short for Average Per Year;

  • As of 7 a.m. Oct. 15, my Patriots salary cap space number is $4,961,084.


Creating cap space using current Patriots players


Please note that I am NOT suggesting that the Patriots cut/trade/extend/restructure all of the below players. I am pointing out the salary cap consequences of doing so.




LT
Nate Solder


Release


Trade




Restructure


Devin McCourty


Release


Trade




Restructure


DT Alan Branch


Release




Current 2017 cap hit as a Patriot









Current 2018 cap hit as a Patriot










2017 Cap hit if released













The numbers are different if Branch is traded because his new team would then become responsible for his salary.


2017 cap hit if traded








TE Dwayne Allen


Release


Trade
 




CB Malcolm Butler


Release or trade




OT Cameron Fleming


Release or trade




Questions... and answers


Q: Are there contracts on the Patriots that can't be touched?

Malcom Brown
Eric Rowe
Jordan Richards, Trey Flowers, Shaq Mason
Joe Cardona


Cyrus Jones, Joe Thuney, Vincent Valentine, Malcolm Mitchell, Elandon Roberts, Shaq Mason, Adam Butler, Cole Croston, Jacob Hollister, Harvey Langi
Joe Cardona
Deatrich Wise, Derek Rivers
Tony Garcia


Q: Why no mention of Tom Brady as a cap space creation possibility




Q: Why no mention of Gilmore, Gronkowski, Chung, Hightower, Harmon, Guy, Branch, Harris, Van Noy as cap space creation possibilities?




Q: Can the Patriots create cap space by cutting Stephon Gilmore this year?




Q: When could the Patriots create significant cap space by cutting Stephon Gilmore?




Q: When could the Patriots create significant cap space by trading Stephon Gilmore?




Q: Whose 2017 salaries are fully guaranteed by terms in their contracts?


Tom Brady, Devin McCourty, Stephon Gilmore, Dont'a Hightower, Mike Gillislee, Marcus Cannon, Danny Amendola, Chris Hogan, Lawrence Guy, Malcom Brown, James White, Phillip Dorsett.


Q: Whose 2017 salaries are now fully guaranteed by the termination pay clause?


Nate Solder, Rob Gronkowski, Patrick Chung, Dwayne Allen, Alan Branch, Stephen Gostkowski, Duron Harmon, Rex Burkhead, David Harris, Ryan Allen, Dion Lewis, James Develin, Johnson Bademosi, Nate Ebner, Brandon Bolden, LaAdrian Waddle.


Q: How much cap space do the Patriots need for the rest of the year?




Q: If the Pats want to trade for a player in Week 7 what would they be responsible cap-wise in 2017?


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