The Buffalo Bills have not spent more than they were planning to spend thus far in free agency, but they’re getting close to their spending limit.
The Bills currently are committed to spending about $103 million in real dollars in 2007, according to figures compiled by The Buffalo News. That’s money the team will pay players in base salaries, signing bonuses and other roster bonuses this year.
The Bills’ salary cap for 2007 is $112 million. The team has said it will not spend over the salary cap limit in real cash, even though it could do so under the NFL’s salary cap accounting rules.
The $103 million does not count money the Bills will pay their draft choices, plus about $2 million in extra space they will need during the season in case of injuries. Nor does it count the money they will need to add a couple of veteran role players, such as a freeagent running back. The rookies will cost $5 million or more, depending on how the Bills structure the contracts. So that brings the Bills very close to $112 million in cash payments.
Conclusion: The financial picture is even further evidence that a trade of linebacker Takeo Spikes is likely. Spikes is due to earn $4.6 million from the Bills this year, and that’s space they probably want to use for several less expensive players.
The Bills currently are committed to spending about $103 million in real dollars in 2007, according to figures compiled by The Buffalo News. That’s money the team will pay players in base salaries, signing bonuses and other roster bonuses this year.
The Bills’ salary cap for 2007 is $112 million. The team has said it will not spend over the salary cap limit in real cash, even though it could do so under the NFL’s salary cap accounting rules.
The $103 million does not count money the Bills will pay their draft choices, plus about $2 million in extra space they will need during the season in case of injuries. Nor does it count the money they will need to add a couple of veteran role players, such as a freeagent running back. The rookies will cost $5 million or more, depending on how the Bills structure the contracts. So that brings the Bills very close to $112 million in cash payments.
Conclusion: The financial picture is even further evidence that a trade of linebacker Takeo Spikes is likely. Spikes is due to earn $4.6 million from the Bills this year, and that’s space they probably want to use for several less expensive players.
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