NFL free agency is going to be starting here soon. It’s a
time of the year when money is thrown around at a rapid clip. A ton of teams have cash to spend, which should be a clear
indication that this year’s market will be robust for impending free agents.
Unfortunately, there are multiple teams in less than stellar
cap situations. Whether it’s overpaying for underperforming veterans or
retaining core players, these 10 teams are in the worst cap situations heading
into the new league year.
1. PHILADELPHIA
EAGLES
The decision not to franchise-tag Nick Foles will help
Philadelphia’s cap situation. However, this team still has a ton of work to do
if it’s going to be able to retain key free agents and add to its core group.
The Eagles currently find themselves over the cap after re-signing defensive end Brandon Graham. It will need to
rectify that before March 13. Of the team’s seven highest-paid players,
Philadelphia can only seriously consider moving on from Jason Peters and Timmy
Jernigan. The rest have extremely high dead-cap hits.
Unfortunately, Philadelphia’s situation is complicated by
the fact that it also has a ton of top-end impending free agents. That includes
defensive starters Jordan Hicks, Ronald Darby and Corey Graham. Contract
restructures could help here. Though, that would just kick the issues down the
road. At the very least, Philly was able to retain Graham.
2. JACKSONVILLE
JAGUARS
Jacksonville would save just $4.5 million against the cap if
it were to outright release Blake Bortles. Given that its $1.05 million
under the cap, designating Bortles a post-June 1 cut makes the most sense. That
would enable the Jags to save a cool $9.3 million this season. Outside of that,
there’s not a lot of wriggle room for the Jags to become free agent buyers
after a disastrous 2018 season.
Two likely moves would be to release defensive tackle Malik
Jackson and safety Tashaun Gipson — saving Jacksonville a combined $18.5
million against the cap. Given the team has youngsters ready to replace them;
we’re fully expecting this to happen. Unfortunately, there are huge dead-money
hits when it comes to other high-priced and underperforming players.
3. NEW ORLEANS
SAINTS
It’s realistic to believe that future Hall of Fame
quarterback Drew Brees will restructure his contract or sign an extension to
lower his $33.5 million cap hit for the 2019 season. Even then, the Saints
don’t have a ton of wriggle room. They can save north of $9 million by
releasing guard Andrus Peat. But given that he’s a Pro Bowler that makes no
sense. Outside of that, any move would be minor in the grand scheme of things.
New Orleans is just $9.9 million under the cap. It also has
to think about signing youngsters Michael Thomas and Marshon Lattimore to
lucrative extensions. The good news here is that Sean Payton and Co. are not
wanting for a lot in free agency.
4. CHICAGO BEARS
Now that guard Kyle Long has opted to come back at a lower cap number, one
major offseason question is answered for Chicago after a surprising 2018
campaign. Unfortunately, the team has to pay out a combined $48-plus million to
the combination of Allen Robinson, Akiem Hicks, Kyle Fuller and Prince
Amukamara next season. There are no real outs when it comes to any of the four
players — not that Chicago would be better off moving on from any of them of
them in the first place.
Currently just $11.6 million under the cap, Chicago is in a
decent situation in that only slot cornerback Bryce Callahan is a priority to
re-sign in free agency. With that said, any hopes of improving this roster in
free agency will hinge on general manager Ryan Pace getting creative.
5. NEW ENGLAND PATRIOTS
It’s somewhat surprising to see New England in a precarious
cap situation. The team has been among the best at handling its finances since
the Bill Belichick era started nearly two decades ago. That’s just not the case
this spring. Tom Brady and Stephon Gilmore are slated to count a combined $41.8
million against the cap. Given that these are the Patriots’ two-best players
that are not a big deal.
Instead, it’s the Patriots’ roster structure behind their
two highest-paid players that should concern fans. New England is just $14.4
million under the cap. Short of releasing Devin McCourty and seeing Rob
Gronkowski retire, there’s not a lot the team can do. Releasing Dwayne Allen
would save the Pats $7.3 million. But that’s a drop in the bucket given that Trey
Flowers, Jason McCourty, Malcom Brown and Trent Brown are all slated to become
free agents. Belichick and Co. certainly have their work cut out for them.
6. MIAMI DOLPHINS
As of right now, Miami is just $8.7 million under the cap.
That number will increase by north of $31 million with the inevitable releases
of quarterback Ryan Tannehill and defensive end Robert Quinn. The Dolphins can also save $15.4
million by releasing DeVante Parker and Danny Amendola. Even then, a team without a quarterback has to
assign $20-plus million to that position in free agency.
Given how much Miami struggled to remain relevant last
season, the onus is going to be on general manager Chris Grier to improve this
roster in free agency. Whether it’s Patriots pass-rusher Trey Flowers or someone else, the
big slash won’t be enough. With a lot of work to do and in a less than stellar
cap situation, confidence in South Beach can’t be too high.
7. MINNESOTA
VIKINGS
Technically, Minnesota has the third-least amount of cash to
spend under the salary cap. But that’s why lists like these are important. The
devil is in the details here. These Vikings can rid themselves of $33 million
by either trading or releasing the likes of Everson Griffen, Trae Waynes, Kyle
Rudolph and Andrew Sendejo. Veteran cornerback Xavier Rhodes could also be a surprise cap casualty. Outside
of Rhodes, all four of these players seem to be expendable.
The bad news? Minnesota took a major step back last season
under the leadership of first-year starter Kirk Cousins. He’s a salary-cap
pariah and is set to count $29 million against said cap in 2019. If that
weren’t enough, star linebacker Anthony Barr is an impending free agent. He’s
more than likely going to earn $14-plus million on a long-term deal in March.
8. CAROLINA
PANTHERS
Carolina is in an interesting situation in that it’s a
decent $16 million under the cap heading into March. It also re-signed Pro Bowl-caliber safety Eric Reid prior to the
start of free agency. The bad news here is that these Panthers are coming off a
down 2018 season and don’t have much wriggle room to get further under the cap.
Set to count $23.2 million against the cap in 2019,
franchise quarterback Cam Newton is in line for a new contract. Meanwhile, the
likes of Luke Kuechly, Kawann Short and Matt Kalil are set to count a combined
$46.4 million against the cap. There’s no real flexibility when it comes to
their contracts. One potential move is defensive end Mario Addison. If the
Panthers were to release him, they’d save $8 million in cash.
9. WASHINGTON
REDSKINS
Alex Smith’s injury and status for the 2019 season is a major financial problem
for Washington. He’s slated to have a $20.4 million cap hit and could be out
for the entire 2019 campaign. That’s a major blow, especially given that these
Skins now need to add a starter-caliber quarterback. This is going to cost a
fair amount in a watered-down market.
Currently $16.7 million under the cap, Washington can save a
robust $25-plus million by releasing underperforming veterans Josh Norman, Ryan
Kerrigan and Zach Brown. Even then, that wouldn’t be enough to become big-time
players in free agency.
10. PITTSBURGH
STEELERS
The Antonio Brown situation is bad for Pittsburgh for
numerous reasons. Losing him in a trade would be a major on-field blow. Though,
the $21.1 million dead-cap hit that would come with trading Brown is an even
bigger deal. The Steelers currently find themselves just $18.3 million under
the cap. Taking on that dead-cap hit will be a bitter pill for general manager
Kevin Colbert to swallow.
Outside of that, Ben Roethlisberger, Cameron Heyward,
Stephon Tuitt and David DeCastro are set to count a combined $69 million
against the cap. Not that the Steelers plan on releasing any of these players,
but their combined dead-cap hit stands at $42-plus million. Ouch!
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