RAVENS SALARY CAP UPDATE: The impact of Foxworth

Salary Cap RAVENS SALARY CAP UPDATE: The impact of Foxworth

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1.  SALARY CAP ADJUSTMENT:  The final unknown in piecing the Ravens’ Salary Cap puzzle together was the adjustment carry over from last year’s earned and unearned incentives.  When a player has Likely To Be Earn Incentives that count against that year’s Cap, but aren’t earned, they are credited back to the team in the following year.  When a player has a Not Likely To Be Earned Incentive that doesn’t count against that year’s Cap, but is earned, it is charged against the following year’s Cap.  For the Ravens, that carryover was a charge of $739,833.  Therefore, the Ravens will have that amount less in Salary Cap space in 2009.    


 

2.  RESTRICTED FREE AGENT TENDERS:  Despite initial media reports to the contrary, it appears that the Ravens did not tender Safety Dawan Landry and Wide Receiver Demetrius Williams with the 2nd round RFA Tender.  Instead, both received the low Tender of $1.01M.  As such, the Ravens retain the right to match any Offer Sheets signed by the players or receive a draft pick equal to the round in which the player was originally drafted.  In Landry’s case, that would be a 5th round pick, while Williams would garner a 4th round pick as compensation if the team declined to match an Offer Sheet.


 

3.  DOMONIQUE FOXWORTH’S CONTRACT DETAILS:


 

Foxworth signed a 4 year, $27.2M contract that reportedly called for $16.5M in “guaranteed” money. 


 

However, the term “guaranteed” is a bit misleading in this case.  Foxworth will receive a signing bonus of $4M and an option bonus next year of $6M.  Foxworth will also receive a guaranteed reporting bonus of $3.38M in 2009.  His 2010 base salary of $3.2M is also guaranteed, but only against injury.  So, while $16.58M is “guaranteed”, only $10M of that is really bonus money. The $3.38M reporting bonus is essentially just 2009 base salary – and they are obviously not going to release him this year anyway – and the 2010 base salary of $3.2M is only guaranteed against injury, so if he is released for performance reasons, that $3.2M is not payable to him nor does it count against the Ravens’ Salary Cap.  Further, if he was released before 2010, the team would not owe him the $6M option bonus either.


 

Below is a yearly breakdown of Foxworth’s contract:


 

Year

Signing
Bonus

Reporting

Bonus

Base
Salary

Cap
Charge

2009

4,000,000 

3,380,000

620,000

5,000,000

2010

6,000,000 


 

3,200,000

6,200,000

2011


 


 

4,400,000

7,400,000

2012

 


 

5,600,000

8,600,000


 


 

4.  SALARY CAP SPACE:  With the Cap adjustment now factored in, the signing of Foxworth and the release of Defensive Tackle Marques Douglas ($2.4M in Cap savings), the Ravens are now estimated to be $10.4M under the Salary Cap.


 


 

 
 
Photo by Sabina Moran

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Brian McFarland

About Brian McFarland

Known on Ravens Message Boards as "B-more Ravor", Brian is a life-long Baltimorean and an avid fan of the Ravens and all Baltimore sports.  A PSL holder since 1998, Brian has garnered a reputation as a cap-guru because of his strange (actually warped) desire to wade through the intricacies of the NFL's salary cap and actually make sense of it for those of us who view it as inviting as IRS Tax Code.      Brian, who hails from Catonsville, MD and still resides there, is married and has two children. More from Brian McFarland

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