Are we 2 million under the cap?

[Clumpy]

Players earned bonuses based on winning games......these are NLTBE incentives...most of them count on the following yrs cap......Miami's adjusted salary cap will be $9-10 million LOWER than the league wide unadjusted salary cap.

[fins2923]

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21.9 over according to Clayton. Tell me he is mistaken.

[Scott Andrew]

So who is right... Clumpy or Clayton?

[Flying Pencil]

So who is right... Clumpy or Clayton?

They're both saying pretty much the same thing.

Some players had bonuses for a winning 2005 season in their contracts. Since we had finished 4-12 in 2004, these bonuses were considered Not-Likely-To-Be-Earned (NLTBE) incentives and were not counted on the 2005 cap. Since we finished 9-7, those bonuses kicked in and were brought forward as a negative adjustment on our 2006 cap.

Additionally, since we're coming off a 9-7 2005, any player with a similar bonus this year would have it considered Likely-To-Be-Earned (LTBE) and have it count against the cap as well. However, that would be because it was added to their salary.

Unadjusted Leaguewide Cap Limit ($95 mill.)
- previous year's NLTBE incentives that were met ($9+ mill.)
+ previous year's LTBE incentives that were missed ($?)

Adjusted Cap Limit ($85-86 million)

This is a reduction in the amount of cap money we're allowed to spend. This is not cap relief.

[gator_sensation]

According to ESPN, we should be under the cap with the cuts we just made.


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[aquawave]

They're both saying pretty much the same thing.

Some players had bonuses for a winning 2005 season in their contracts. Since we had finished 4-12 in 2004, these bonuses were considered Not-Likely-To-Be-Earned (NLTBE) incentives and were not counted on the 2005 cap. Since we finished 9-7, those bonuses kicked in and were brought forward as a negative adjustment on our 2006 cap.

Additionally, since we're coming off a 9-7 2005, any player with a similar bonus this year would have it considered Likely-To-Be-Earned (LTBE) and have it count against the cap as well. However, that would be because it was added to their salary.

Unadjusted Leaguewide Cap Limit ($95 mill.)
- previous year's NLTBE incentives that were met ($9+ mill.)
+ previous year's LTBE incentives that were missed ($?)

Adjusted Cap Limit ($85-86 million)

This is a reduction in the amount of cap money we're allowed to spend. This is not cap relief.

OK, that makes sense now