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For example, Tampa Bay only has 45 players under contract currently. That means their current salary cap space of $18.5 million would go down to $14.54 million, shown by $18.5 million – ($660k * 6). Tampa’s cap space can go lower, as the Bucs could add contracts to their roster that are not the base minimum, but this is a much better snapshot of the Buccaneers’ salary cap as it currently stands than the $18.5 million figure.

In the same vein as the above example, but in reverse, when a team has 51 or more contracts, new contracts added to the roster need to take into account the contract that gets knocked out of the top 51.

Let’s say the Chiefs’ 51st contract is a $660k minimum base salary contract. The Chiefs then decide to re-sign Cheap Byron Pringle Jersey to a one-year/$1 million contract. For salary cap purposes, the Chiefs have not subtracted $1 million from their salary cap space. They actually subtracted $1 million – $660k = $340k. So, in this example, only $340k would be taken away from the Chiefs’ cap space.

Teams operate under this Top 51 contracts rule from the beginning of the league year until the first day of the regular season, and it warps offseason accounting to a huge degree. It is how teams can seemingly fit smaller level re-signings under the salary cap and is something every NFL fan needs to keep in mind.

Now, it is time to put our knowledge of NFL contracts to work.

The Cuts

We’ll be using a salary cap of $185.6 million for this mock offseason, which includes carry-over cap space from 2020. This means the Chiefs start the offseason $23.48 million over the cap.

There will probably be a few cuts to some previously important players.

If the salary cap did not decrease this year, the Chiefs could have gone through this offseason without any additional cuts. However, due to the salary cap falling, it seems unreasonable and financially irresponsible to make all the salary cap space needed just from restructures. Some players will have to go.

One player that will be noticeably absent from the mock offseason is defensive end Cheap Frank Clark Jersey. That is by design. Clark is incredibly difficult to move this offseason.

Cutting Frank Clark would charge $39 million in dead cap space in 2021, costing $13 million in cap space.

Cutting Frank Clark with a June 1 designation would charge $25.4 million against the Chiefs cap and gain $500k in cap space.

Trading Frank Clark would charge $20.4 million in dead cap and gain $5.4 million in salary cap space.

None of these figures are ideal. It is hard to imagine that Clark is not a Chief in 2021. The smartest thing to do with Clark is do nothing, hope he plays better in 2021, and if he doesn’t, then decide his fate next year when the numbers are more favorable for a release. In 2021 though? There is not much to do unless Clark takes a bonafide pay cut.

It is possible to have a functional offseason, even with Clark’s contract on the books as-is, with only a few cuts.

In this mock offseason, the Chiefs only cut two players.

Left tackle Cheap Eric Fisher Jersey is such an obvious cut on the surface that it feels almost destined to happen. Fisher will be coming off a late-season Achilles injury on the wrong side of 30 and is in the last year of his contract. By cutting Fisher, the Chiefs would save $11.3 million after replacing his contract in accordance to the Top 51 rule.

It would not be shocking if the Chiefs and Fisher get some sort of contract resolution sorted out, spreading out Fisher’s cap hit over a year or two so he can stay on the roster, but it feels like a long shot and mistake. A sad end for a player who has been a Chief for a long time, but the NFL is a business. Chiefs cap room: -$12.17 million

In the spirit of “the NFL is a business”, cutting running back Cheap Damien Williams Jersey is also a move that is depressing on the emotional side of the game. Business is business though, and the Chiefs would add $1.5 million in savings, which makes Williams a good mid-level cut to help retain some players at more important positions. Cutting a player like Williams is going to be a common roster move this offseason for other teams as front offices try to claw back some salary cap room from veteran contracts. This is why many in the NFL media are predicting this offseason could be rough for veterans around the league. Chiefs cap room: -$10.55 million

Fisher and Williams are the only two cuts needed to get to a respectable salary cap number at the end of the salary cap creation phase. No, cutting right tackle Cheap Mitchell Schwartz Jersey was not done in this mock offseason. It felt like a more interesting exercise to try and go through an offseason with Schwartz on the roster. His return in 2021 feels truly uncertain, so waiting it out and seeing how the roster ends up with him on the team feels like a believable, likely exercise.

Even with the cuts above, the Chiefs are still over the cap. In order to find the rest of the money needed, more salary cap space will have to be added through restructures.

The Restructures

Restructured contracts are not the end of the world.

Despite the negative aura surrounding restructures, due in large part to the salary cap apocalypses happening in Philadelphia and New Orleans, restructures are an incredibly powerful tool.

There are three players who are likely targets for the Chiefs to restructure.

I wrote about quarterback Cheap Patrick Mahomes Jersey contract last offseason and its unorthodox construction. That unorthodox construction can already help the Chiefs create cap space.

Mahomes’ contract is a bank the Chiefs can borrow from a couple of times over the life of the deal if they wish. Keeping the borrowing to only when it is necessary is the key, but this offseason is a time it is needed.

For this mock offseason, $15 million of Mahomes’ roster bonus in 2021 will be restructured into a signing bonus. The $15 million is spread out over the maximum of five years on his deal and saves $12 million in 2021. Chiefs cap room: $1.344 million

Tight end Cheap Travis Kelce Jersey contract is very strange in hindsight. Kelce will make $13.25 million this year but will only make $7.5 million next year. Kelce also has no guaranteed money in his deal after this season, despite having three years left on the deal. To smooth this contract out and reward an all-time Chief with guaranteed money, Kelce gets a restructure to the tune of $10 million in total restructure money to save $8 million against the 2021 salary cap. Chiefs cap room: $9.344 million

Defensive tackle Cheap Chris Jones Jersey is the last restructure needed to make salary cap room. Jones’ restructuring is a bit scarier due to him only having three years left on his contract, but good savings can be found. It is hard not to imagine that Jones is not in the Chiefs’ future plans, so the restructuring still feels safe. Even if the worst happens and the Chiefs need to cut Jones next offseason, they can still do so, saving $19 million in salary cap while having $6.8 million in dead money. Chiefs cap room: $15.344 million

Summary

At the end of cuts and restructures, the Chiefs are now $15 million under the worst-case salary cap of $180 million. This required only a few cuts and restructures and no major moves outside releasing Eric Fisher.

Looking into the future, the restructures have done very little down the road to the Chiefs’ future caps. In 2022 and 2023, the Chiefs added $8 million per year on Mahomes, Jones, and Kelce’s contracts. After that, it’s only $5 million a year till the end of the five-year period the restructure was spread out over.

This amount of borrowing from the future is entirely sustainable.

There are rumors that the salary cap will explode in 2022 due to the increased revenue share from the CBA, more lucrative TV deals and the return of in-person attendance. Over the Cap estimates the salary cap to be $227 million and other estimates have come in around that number as well. When this happens, will the Chiefs really care about $8 million tied up in three of their best players? No, they will not.

If the Chiefs wish to cut more players and make some more salary cap room, releasing players like Cheap Chad Henne Jersey, Cheap Dorian ODaniel Jersey, and Cheap Anthony Hitchens Jersey (with a June 1 designation) are other plausible options. The savings on these types of moves are minuscule though, and it seems the Chiefs like those three for their roles on the team and believe the savings would not outweigh the cost.

While $15.343 million in salary cap space seems like very little to work with, the Top 51 rule will extend that money further than it seems at first glance. The Chiefs’ offseason will look a lot like last year, as they will make signings and re-signings that seem to defy the math of the salary cap.

In the next part of the mock offseason series, we will attempt to simulate those physics-defying roster moves.

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Kansas City Chiefs QB Cheap Patrick Mahomes Jersey took out time to acknowledge his former mentor, Cheap Alex Smith Jersey, on Wednesday. Smith’s win over the Pittsburgh Steelers on Monday helped Kansas City tie Pittsburgh for the best record in AFC. Some of Mahomes’ teammates like Cheap Mitchell Schwartz Jersey and Cheap Chris Jones Jersey couldn’t contain their excitement on Monday night, but Mahomes had some words for the media.

”I haven’t talked to Alex since he won the game against the Steelers, big win for him, obviously,” Mahomes told reporters on Wednesday. “It’s just truly tremendous to see him.”

Mahomes is forever indebted to Smith for his guidance during his rookie season. He still credits Smith for much of his success to this day. Some parallels have even popped into his mind as he prepares to face Miami Dolphins QB Tua Tagovailoa in Week 14.

What Smith has accomplished each and every week in his return has truly astonished Mahomes. The former Chiefs quarterback has led a resurgence in Washington while revitalizing his own ill-fated career after a devastating leg injury and a lengthy recovery.

“It seems like every single time he gets back out there, and you watch him play, he feels more and more comfortable and he looks more and more like the Alex of old and that Alex can win a lot of football games,” Mahomes continued. “So, I mean, they’re doing a tremendous job battling for their NFC East Crown with the Giants, it’s a couple of other teams over there and so I’m obviously super proud of him being able to battle through that and be at the top of his game again.”

Smith’s Washington Football Team still has a long way to go to fulfill a playoff dream, but Mahomes and all of Chiefs Kingdom have thrown their support behind him. Perhaps they’ll even somehow come to meet in Tampa Bay for Super Bowl LV.

We’re in the depths of the offseason here at The Falcoholic, and there has been little to nothing in the way of interesting news in ages. So, we’ll have to make some content of our own in the meantime. Over the next few weeks, I’ll be bringing you a new Player Profile series where we’ll examine each of the players on Atlanta’s roster. I’ll break down their measurables, past production, and try to project their 2020 season with the Falcons.

We’ll get things started with the projected starters. The first group I’ll be taking a look at is EDGE, where the Falcons invested a ton of free agency capital to try and improve upon a unit which produced only 28 sacks in 2019.

Today’s player is veteran Cheap Allen Bailey Jersey, who spent 8 seasons with the Kansas City Chiefs before joining the Falcons as a free agent before the 2019 season. Can Bailey return to form in 2020 after a lackluster 2019 campaign?

EDGE Allen Bailey
Age: 31

Contract: $4.36M cap hit in 2020, signed through 2021 ($5.2M APY)

Career Production: 117 games played, 66 games started | 233 total tackles, 38.0 TFL, 20.5 sacks, 6 PD, 4 FF

2019 Production: 26 total tackles, 4.0 TFL, 1.0 sacks, 3 total pressures

Previous Teams: Drafted 3rd round (#86 overall) by Kansas City Chiefs (2011-2018), Atlanta Falcons (2019-present)

Measurables:

A significant free-agency signing for the Falcons in the 2019 offseason, veteran Allen Bailey was supposed to come to Atlanta and provide a fearsome presence against the run while not being completely inept as a pass rusher. Unfortunately for the Falcons, Bailey was pretty mediocre in both respects in 2019. While Bailey has never been an elite pass rusher, his ability to produce pressure was at least solid—and even quite good at times, including during 2018 when he put together 6.0 sacks.

Bailey spent almost the entirety of his NFL career in Kansas City, where he played 3-4 DE and took on double-teams on the interior. Perhaps some of his issues in Atlanta were due to the position switch: the Falcons played Bailey at 4-3 EDGE and also on the interior at 3T DT. It’s possible Bailey just needed some adjustment time to the new positions, but his production last season was severely lacking.

With just 26 total tackles, 4.0 TFL, 1.0 sacks, and a measly 3 total pressures, it’s clear that Atlanta did not get much return on their investment in Bailey. In fact, there was plenty of speculation in the offseason that Bailey would be a cap casualty. His release would have saved the team $4.5M, which Atlanta desperately needed. Instead, the Falcons extended Bailey for another season, which reduced his cap charge slightly and put him under contract until 2021.

It’s clear that the Falcons think Bailey has much more to give, and as one of just a handful of established EDGE players on the roster, they need him to play up to his contract in 2020. Hopefully with another year under his belt at his new position and a better supporting cast around him, Bailey will be able to produce like a solid starter this season.

Projection: Around 3.0 sacks and 6.0 TFL with better overall tackle and pressure numbers. Bailey is likely to be an early-down specialist on the outside and a rotational pass rusher on the interior in 2020. With a year to acclimate to his new team and position, Bailey should return to his normally above-average level of play.