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Report: Raiders more than $25 million over projected cap figure

By Steve Corkran
Tuesday, February 28th, 2012 at 10:25 pm in Oakland Raiders.

ESPN reported earlier this month that the Raiders were $11 million over the projected salary cap for 2012. Now comes a report from ProFootballTalk.com that the Raiders are more than $25 million over the expected figure.
The ProFootballTalk.com report pegs the Raiders at $145.7 million for their top 51 salaried players, the ones who count toward the cap for now. The projected cap is slightly more than $120 million, much the same as last season.
By comparison, the Super Bowl champion New York Giants are the next most-cash-strapped team, at more than $129 million for their top 51 players.
As daunting as it seems, the Raiders still can get under the cap without much heavy lifting by the time they are required to do so, March 13, the day free agency starts.
For example, the Raiders could get quarterback Carson Palmer to restructure a contract that calls for him to earn $12.5 million in 2012 so that his cap hit drops to $2 million, in exchange for more money down the road, perhaps another year tacked on to his deal, too.
They also could get defensive tackle Richard Seymour to do the same thing, lessening by quite a bit his $15 million tag for 2012.
Finally, they can carry over $3.23 million in leftover cap room from 2011, which would cut into the $25 million with the stroke of the pen and a notification to the league office.
It isn’t pretty on paper, sure, but the Raiders never have had an issue finding creative ways to free up cap room. Some of those same people remain in the organization. It’s just that, they are going to have to work harder and longer this season than they did, say, two years ago.
In other words, expect to hear a ton of gloom and doom in the coming days, only to learn that the Raiders reached cap compliance by March 13 without the sky falling.

Follow me on Twitter: @corkonthenfl

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  • Macho Man Randy Savage

    Whats new Raider nation?

    I´ve been taking peeks at the scouting combine. Really can’t tell the good prospects from the bad. Just a group of awesome athletes altogether.

    Really looking forward to the draft. I really believe big mac will improve our personnel significantly this offseason. just releasing Routt was a huge addition by substraction.

  • Macho Man Randy Savage

    we need some help on D. we have a bunch of proyects that are good athletes but subpar players. lets get some football players in-here, sprinkle in a project here and there, and lets win some frigin football games.

  • Macho Man Randy Savage

    the salary cap thing is a bunch of print to sell some ads. no way they are over the cap come spetember. no way they let go of their best players. just restructure or cut some of these overpaid fellas.

  • Macho Man Randy Savage

    echo

  • Macho Man Randy Savage

    …echo…

  • Macho Man Randy Savage

    some other thoughts…. for all this economic recovery I gotta say, Midtown Manhattan was friggin empty by 10pm last weekend. that would have been alarmingly unusual 5 years ago. that tells me the economy is still very much in the mud.

  • jesusraiderjim

    Macho

    I really think Reg is gonna make some moves in the FA market and pull a rabbit out of his arse(hat) come draft day. The D is gonna be good to great next season. I think allen is gonna coach some guys up and we will be pleasantly surprised.

  • Seymour Bush

    For the next year or so McKenzie is going to have to do it with smoke and mirrors. That’s the bad news. The good news:

    Tony Romo, Bart Scott, James Harrison, Ryan Clark, Benjarvis Green-Ellis, Kris Dielman, Ryan Grant, Antonio Gates, Brent Grimes,Wes Welker all undrafted.

  • jesusraiderjim

    I love a good magic show. I personally don’t give a sh.t how he does it as lond as he does it.

  • Seymour Bush

    Macho Man Randy Savage Says:
    February 29th, 2012 at 3:42 pm

    some other thoughts…. for all this economic recovery I gotta say, Midtown Manhattan was friggin empty by 10pm last weekend. that would have been alarmingly unusual 5 years ago. that tells me the economy is still very much in the mud.
    =========================================

    That’s interesting. Because in the southern US and here in the Bay Area people are out. And I mean out. Now, maybe with $5 gas that is going to crimp things….

  • jesusraiderjim

    *long
    That being said I’m glad Chris Angel isn’t our GM that dude is a freak.

  • rob_raider

    Just realized who mark David looks like. Bucky Larson.

  • jesusraiderjim

    I kinda thought he looked like Alfred E Newman with Red hair.

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  • dcraiderfan

    Want to clear cap room space in a hurry! Get rid of Palmer, Seymour, DMC, Boller, and two no load skating players not playing up to their potential! Their’s the cap space and more for the Raiders!

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