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Don’t Expect a Falcon Off-season Spending Spree
February 5th, 2013
Is John Abraham in danger of being cut?
D. Orlando Ledbetter of the AJC posted the upcoming 2013 salaries for every player under contract, confirming his earlier report that the Falcons salary cap space will be tight. The Falcons are expected to be slightly less than $2 million under next year’s projected $120.6 million salary cap. The Falcons have about $120.2 million collectively due to the top 51 players on their off-season roster, and get to carry over an addition $1.3 million from last season to squeeze in at around $1.7 million under the projected 2013 salary cap.
The salary cap in 2012 was in fact $120.6 million, but there is no expectation for a significant increase for 2013. The Falcons will need to clear some cap space in order to tender a pair of restricted free agents in tight end Michael Palmer and running back Antone Smith. Based on the projected restricted free agent tenders for this year, the Falcons will have to commit to each a minimum tender of $1.323 million if they intend to keep either. That represents the original round tender. Since both Palmer and Smith were undrafted rookies, tendering them at that level would mean that the Falcons would receive no compensation if they were to sign offers with other teams. The Falcons could then have the option of tendering the pair at the second round level, worth $2.023 million. That way, the Falcons would receive a second round pick if either free agent was to sign elsewhere. Cornerback Robert McClain is not a restricted free agent, as Ledbetter’s contract information confirms he is under contract for 2013.
Given the current projections, the Falcons only have enough cap space to tender one of the two. In order to clear more space, the Falcons could renegotiate the contracts of several veteran players, and possibly release a few.
One candidate for release is running back Michael Turner, who per Ledbetter, would create $4.4 million in cap space if released. Defensive end John Abraham is also a potential candidate for release, who Ledbetter indicates could free up $6 million in next year’s cap space. Scott Carasik of Bleacher Report indicates that the Falcons could also save at least $6 million against the 2013 by releasing cornerback Dunta Robinson.
The Falcons are also expected to sign Matt Ryan to a long-term extension this off-season. Ryan carries the team’s biggest cap hit of 2013 at $12 million. That number could reduced as part of a lower first-year salary on a new multi-year deal. Last year, the five-year $100 million contract signed by New Orleans Saints quarterback Drew Brees was able to lower his 2012 cap hit by roughly $6 million. Brees and Ryan are represented by the same agent, Tom Condon.
Other highly-paid veterans that might be asked to re-work their deals are wide receiver Roddy White ($9.125 million 2013 cap hit); guard Justin Blalock ($7.66 million); tackle Tyson Clabo ($6.05 million); cornerback Asante Samuel ($5.7 million); defensive tackles Jonathan Babineaux ($5.2 million) and Peria Jerry ($2.01 million); linebacker Stephen Nicholas ($3.5 million); and kicker Matt Bryant ($2.9625 million).
While these moves could potentially create a significant amount of space for the Falcons, much of that opened space will be used to retain the team’s own free agents. The Falcons are expected to re-sign offensive tackle Sam Baker to a long-term deal, and also will be looking to keep safety William Moore. The team may be forced to place the franchise tag on Moore if they cannot work out a long-term deal before the end of February. The franchise tender for safeties is expected to be around $6.8 million. Based off contracts signed by free agent tackles Eric Winston, Demetress Bell, and Jared Gaither last spring, a multi-year contract with Baker could average between $5 and $7 million annually. Per contract information provided by Spotrac.com, their first-year cap hits for that trio’s respective deals averaged about $3 million.
Factoring in tenders for Palmer and Smith, it suggests that the Falcons will need to create roughly $12 million in cap space just to retain those four free agents. Other players that become unrestricted free agents this off-season include: tight end Tony Gonzalez, cornerback Brent Grimes, center Todd McClure, fullback Mike Cox, cornerback Chris Owens, defensive tackle Vance Walker, offensive tackle Will Svitek, guard Garrett Reynolds, quarterback Luke McCown, linebacker Mike Peterson, and defensive Lawrence Sidbury.