By my math, there is nearly a billion dollars in dead money on NFL caps this year.
Over $828 million.
Nearly a billion dollars spent by 32 NFL teams on players that no longer play for the team.
Analyzing these dead caps is fascinating to me this year -- in part because the Chiefs have absolutely lapped the entire league in how little dead money they've spent.
Starting with the good guys, the Chiefs are actually 2nd in the least dead money at $5.9m -- the Rams are first at $4.2m. However, $3.4m of that is on Chris Jones, who, last I checked, is still a Chief.
That leaves MVS at $2m, and less than $200,000 each on Darian Kinnard, Keondre Coburn, and Joshua Kaindoh.
All told, that puts the Chiefs non-Jones dead money at $2,436,500. That is almost half the Rams number, and is just a demonstration that Veach and the Chiefs sign an absurdly small number of contracts that they come to regret.
And if you're wondering, combined with his active cap hit, Chris Jones total 2024 cap hit is $11m. So.
Anyway, speaking of contracts that teams regret, the #1 team in dead money in 2024 are the Vikings at a whopping $57m:
Kirk Cousins at $28.5m
Danielle Hunter at $14.9m
Marcus Davinport at $6.8m
Dalvin Cook at $3.1m
No shocker here, but the Bills are 2nd at $55m:
Stephon Diggs at $31.1m
Leonard Floyd at $4.4m
Ryan Bates at $4m
Micah Hyde at $3.4m
Mitch Morse at $3m
Jordan Poyer at $2m
7 more players at a total of $6.75m -- just a mess of contracts here
And if you're wondering, the Bills #2 cap hit in 2024... is Von Miller at $15m. That's not exactly dead money, but it's close.
Jets are 3rd at $52m -- and there's no massive charges, just a ton of mid-level players that they've cut over the past couple years. They have a $2m cap hit for Mecole Hardman from last year, which is fun. (The Chiefs currently owe Hardman zero dollars.)
I'll talk about one more team, and that's the Chargers at #4 with $51.4m:
JC Jackson at $20.8m
Mike Williams at $12.5m
Keenan Allen at $11.6m
Eric Kendricks at $2.7m
Sebastian Joseph Day at $2.5
Last thing I'll mention is that I'm not sure how OverTheCap is generating these numbers.
The Broncos are listed as having only $14.6m in official dead cap charges:
Randy Gregory at $7.1m
Justin Simmons at $3.8m
several players at around $1m -- including Frank Clark
...however, they're showing Russell Wilson with a cap number for the Broncos at $53m all by himself, but he doesn't count as dead cap? So I'm not sure what that's about.
So the Broncos are actually at about $67.6m, which would by far be the most in the league. Except that OverTheCap didn't include Tre'Davious White for the Bills, who has a cap hit of $16.4m, which would actually give the Bills the highest dead cap at $71.3m.
Just further evidence to show that for all the praise we give Veach in terms of talent acquisition, he's put in literally peerless work on having brilliant cap management. The Chiefs, more than any other team in the league, have their money on the field.
Anyway, have a great Wednesday, everybody. :-) [Reply]
Originally Posted by notorious:
Very interesting. The mismanagement of some pretty good teams is their downfall.
The Bills have a functional dead cap of $71.3m and are paying Von Miller $15m. That's $87m that they're effectively flushing down the toilet this year.
That's... unfathomable levels of cap destruction. [Reply]
Originally Posted by Direckshun:
The Bills have a functional dead cap of $71.3m and are paying Von Miller $15m. That's $87m that they're effectively flushing down the toilet this year.
I watched the series about the Patriots dynasty on Apple tv and one of the points they made in one of the early episodes was that winning the Super Bowl was like a drug and once you tasted it, you had to have more. Then they detailed all the (known) cheating the Patriots engaged in after that in their attempts to keep winning.
The Bills did something similar in their quest to catch the Chiefs. They were monomaniacal in their efforts and put themselves further and further behind the 8-ball with all the contract idiocy and now the bill has come due. The fact that the Chiefs managed to just keep winning while simultaneously keeping themselves free of any salary cap hell is more mind boggling evidence of just how good this entire franchise really is right now. [Reply]
Originally Posted by RedinTexas:
I watched the series about the Patriots dynasty on Apple tv and one of the points they made in one of the early episodes was that winning the Super Bowl was like a drug and once you tasted it, you had to have more. Then they detailed all the (known) cheating the Patriots engaged in after that in their attempts to keep winning.
The Bills did something similar in their quest to catch the Chiefs. They were monomaniacal in their efforts and put themselves further and further behind the 8-ball with all the contract idiocy and now the bill has come due. The fact that the Chiefs managed to just keep winning while simultaneously keeping themselves free of any salary cap hell is more mind boggling evidence of just how good this entire franchise really is right now.
I couldn't bring myself to watch that Patriots doc on Apple TV. Is there even much of anything of value to it? Or is it the usual Patriots slobberfest? [Reply]
Originally Posted by Lzen:
I couldn't bring myself to watch that Patriots doc on Apple TV. Is there even much of anything of value to it? Or is it the usual Patriots slobberfest?
It's not a slobberfest and it's actually pretty interesting. [Reply]
Originally Posted by RedinTexas:
I watched the series about the Patriots dynasty on Apple tv and one of the points they made in one of the early episodes was that winning the Super Bowl was like a drug and once you tasted it, you had to have more. Then they detailed all the (known) cheating the Patriots engaged in after that in their attempts to keep winning.
The Bills did something similar in their quest to catch the Chiefs. They were monomaniacal in their efforts and put themselves further and further behind the 8-ball with all the contract idiocy and now the bill has come due. The fact that the Chiefs managed to just keep winning while simultaneously keeping themselves free of any salary cap hell is more mind boggling evidence of just how good this entire franchise really is right now.
13 seconds completely broke the Bills. Kind of hard to blame them, they felt they played a perfect game and still lost to their arch rival. How do you do better than perfect? Gotta go all-in, I guess.
Still amazes me how 1 single loss sends one of the most powerful franchises spiraling out of control. [Reply]
Originally Posted by Bl00dyBizkitz:
13 seconds completely broke the Bills. Kind of hard to blame them, they felt they played a perfect game and still lost to their arch rival. How do you do better than perfect? Gotta go all-in, I guess.
Still amazes me how 1 single loss sends one of the most powerful franchises spiraling out of control.
The Texans, the Bills, the Titans.......
Mahomes just straight up wrecks franchises in the playoffs. [Reply]
Originally Posted by Bowser:
The Texans, the Bills, the Titans.......
Mahomes just straight up wrecks franchises in the playoffs.
It's true.
I will say I feel the Texans and Titans playoff runs were kinda flukey? Like they were going to lose anyways and wouldn't be back for future postseason success. The Texans organizationally and the Titans strategically just wouldn't be able to replicate their success, that was their only chance.
The Bills however, were perfectly poised to challenge the Chiefs year after year. Until 13 seconds. Then they completely lost their minds in a desperate all-in move in 2022 and have to pay the piper with nothing to show for it. [Reply]
