Wednesday, April 4, 2012
Falcons, Panthers squeezing salary cap
By Pat Yasinskas
Atlanta Falcons general manager Thomas Dimitroff hasn’t had a lot of salary-cap room to work with this offseason, but that hasn’t stopped him from using creative ways to maximize every penny.
While recently re-signing veteran center Todd McClure and veteran long-snapper Joe Zelenka, Dimitroff took advantage of the veteran minimum salary benefit. That’s a rule that basically was put in so that veterans aren’t priced out of the league. Zelenka’s a 12-year veteran and McClure has been in the NFL for 13 seasons. At that level of experience, the minimum salary is $925,000.
That’s the salary Zelenka and McClure will receive this season, but the benefit allows their base salary to count only $540,000 against the salary cap. McClure got a $65,000 signing bonus, so his cap figure is $605,000, even though the total cash value of his one-year contract is $990,000. Zelenka didn’t get a signing bonus so his cap figure is $540,000.
The Falcons currently have $1.66 million in cap space.
Dimitroff isn’t the only NFC South general manager taking advantage of the benefit. The Carolina Panthers' Marty Hurney used it when he recently re-signed defensive end Antwan Applewhite. As a four-year veteran, Applewhite’s minimum salary is $700,000. That’s what he’ll get, but only $540,000 of his base salary counts toward the cap. Applewhite also has a $65,000 workout bonus, which bring his cap figure up to $605,000.
In other contract and cap news, Tampa Bay Buccaneers wide receiver Preston Parker has signed his exclusive-free-agent tender. He’s scheduled to make $540,000 this year. Running back LeGarrette Blount also is an exclusive-rights free agent, but has yet to sign his tender.
Update: The Bucs announced later on Wednesday that Blount has signed his tender and confirmed the Parker signing.