The Miami Dolphins are below the 2024 NFL salary cap ahead of the Wednesday afternoon deadline. Throughout the last couple of months, Miami had been among the teams in the worst cap situation for the year, leading them to release players like cornerback Xavien Howard and linebacker Jerome Baker. They also had to allow players like defensive tackle Christian Wilkins, linebacker Andrew Van Ginkel, safety Brandon Jones, and guard Robert Hunt to hit the free agent market—with all four agreeing to terms with new teams on Monday.
Now, thanks to some additional contract restructuring, the Dolphins appear to be in compliance with the $255.4 million limit for the 2024 season. On Monday, reports indicated the Dolphins restructured left tackle Terron Armstead’s contract to ensure the veteran would return to the team for a 12th NFL season. That was then followed by a report that Miami had also restructured the contracts of cornerback Jalen Ramsey, defensive tackle Zach Sieler, tight end Durham Smythe, and fullback Alec Ingold. The moves - not including the Armstead restructure where details have not yet been reported - cleared about $28.8 million for the Dolphins.
Miami started the day around $25.2 million over the cap, according to OverTheCap.com. With the savings, the Dolphins are projected to be around $3.6 million under the cap. The team could still make more salary cap moves to create additional space as free agency kicks off.
The Baltimore Ravens, Kansas City Chiefs, New Orleans Saints, Buffalo Bills, and Los Angeles Chargers were projected to be over the salary cap as of Monday morning.
Page 1 of 2
-
3.6 Million seems a lot less then the 70 million we were told we would be under by some on here... what happened LOLStaleTacos likes this. -
The Las Vegas Raiders added one of the biggest prizes in free agency on Monday. But ex-Miami Dolphins have probably known defensive tackle Christian Wilkins has been out the door for weeks.
The Dolphins’ decision last week not to apply the franchise tag made Monday’s news — Wilkins to the Raiders on a four-year, $110 million deal — a matter of whom, not if or when.
Saying Goodbye to Christian Wilkins Was Miami Dolphins’ Only Real Move
This one hurts, no doubt. It hurts Dolphins fans who loved Wilkins’ edge and big plays.
And it’ll hurt the organization that drafted Wilkins, that developed Wilkins, and then held the line on money when the two sides were close on a contract last summer. Wilkins’ decision to push for more than the Dolphins were willing to pay made Monday’s divorce not just possible, but pretty much inevitable.
Wilkins’ $27.5 million reported AAV will make him the third-highest-paid defensive tackle in the league and the fifth-highest-paid defensive player, regardless of position.
It’s believed to be significantly more than the team’s final offer last summer, and also way more than the franchise tag, which would have paid Wilkins $22.1 million in 2024, but also likely set up the same dynamic this time next year. So instead of giving Wilkins what he wanted last summer, the Dolphins went about planning for life without him. That began with the three-year, $30.8 million contract they gave to Zach Sieler.
The Dolphins certainly got worse in the first two hours of free agency Monday, with Wilkins and safety Brandon Jones both cashing in elsewhere. General manager Chris Grier’s long-term strategy with Wilkins is probably the right one. He knew the window to sign him was last summer, and if he knew that the cap was going to jump 13% this winter, probably would have been willing to go higher then.
But defensive tackle salaries reached a whole new level in 2024, and the Dolphins got priced out. They have far too many needs to dedicate roughly a tenth of their cap on one player, particularly with extensions for Tua Tagovailoa, Jaylen Waddle, Jaelan Phillips, and Jevon Holland on the horizon.
And it’s not like the free agent defensive tackle market is bereft of talent. The Dolphins can fill with a far more reasonable price. Remaining options at the position include Arik Armstead (49ers), Leonard Williams (Seahawks), DJ Reader (Bengals), and Grover Stewart (Colts). -
I’ve scratched my head in frustration over the handling of some our players by Grier and the front office in general. I will give credit though on the attempt to get Wilkins signed long term the past 2 off-seasons. I really thought we were close last offseason.
Losing AVG is going to hurt more than losing Wilkins though. Thor really proves to be an effective OLB and edge rusher and with Chubb and Phillips return not due until mid to late season, we’re going to be sucking wind defensively.
We will be getting 2 compensatory draft picks for the 2025 draft and unless anything changes, that’s going to give Miami 11 draft picks, 6 of which will be in the first 3 rounds if I’m calculating correctly.
Grier, in my opinion has just set the stage for 2024 to be a do or die year for McDaniel and company…and potentially himself as well. If Miami falters, the stage could easily be set for Ross (or his successor if he decides he’s had enough) to completely clean house and being in a new GM and HC with 11 draft picks to build a new team with.
If however the Dolphins can get over the playoff hump and make a run into the playoffs, McDaniel and company will be sitting pretty to be able to add on to the roster for the next 5 years.
To quote Han Solo though, I gotta bad feeling about this. -
-
The Steelers are landing Queen on the heels of his most decorated NFL season. Queen was a second-team All-Pro and a Pro Bowler after recording 133 tackles, 3.5 sacks, an interception, a forced fumble, and a fumble recovery in the regular season. He had 13 more tackles in the postseason.
It was the fourth time in four NFL seasons that Queen took part in every game for the Ravens and continued durability is one of the things the Steelers will be looking for after plucking a key piece away from a divisional rival. -
OTC has the Dolphins at a little over $4m under the cap.
If Tua is extended, that would put us around $25m under. If Chubb and Tyreek get restructured we could see another $20+m added to that and maybe even $30m.
Add in X’s June 1st money of $18m and the Dolphins would be (using the conservative $20m from Chubb and Tyreek) just under $60m under the cap. (Which would have been plenty enough to keep Wilkins and AVG if the Dolphins wanted to pay Wilkins that kind of money.)
Just like I’ve been saying @dolphin25
The cap isn’t a “myth”, but it’s so fungible it doesn’t really need to be worried about. I understand that it gets confusing, it has been to me since it’s inception, but that’s BECAUSE it’s not really a hard cap and there are so many things available to teams to create space. Saying that, the math is the math. Addition and subtraction… that’s it. There’s no secret formulas or code.Two Tacos likes this. -
danmarino likes this.
-
What does Kyle Crabb know when @dolphin25 @hitman8 and @StaleTacos all said this was a lie.
Clowns
-
If we decide to keep him, then we restructure.JJ_79 likes this. -
Anyhow, in 2025, the Dolphins will be around $60m under the cap with 5 picks in the first 3 rounds. Unless they trade down or up this draft. Then they may have more or less. Armstead and Chubb have outs in case one retires and the other is let go. Which will add even more money to the cap space.
Last edited by a moderator: Mar 19, 2024Silverphin likes this. -
-
The examples I’ve been seeing of a Tua extension show him as having an around $10m cap this year (down from about his current $24m) and a cap hit of around $20m over the next 2 or so years after. It really depends on how long the extension is… most likely it’ll be 4-5 years, but if it’s 3 or 6? Who knows.
If I had to guess, I suspect he’ll get a 4 yr deal in the $240-$250m range with a guaranteed amount of about $170-$180m. This season’s cap hit will be around $10-$15m and then we will see future cap hits of around $20-$25 for 2025, and up from there. However, those cap hits will lessen as he restructures for signing bonuses, etc. The contract will most likely have void years, but if he keeps playing like he has over the past 2 years, those void years will just roll into a new extension. -
hitman8 likes this.
-
YOUR argument was they didn’t have enough money to keep those guys. MY argument was that they’d have plenty of money but may not think they were worth the money.Last edited by a moderator: Mar 19, 2024 -
-
Two Tacos likes this.
-
All these huge contracts we see QB’s getting aren’t what they will actually get. They get what is guaranteed and that’s typically way less than what the contract is. And that money is prorated out for the length of the contract (or longer is there are void years). The hope is, a QB signs one, maybe 2 big deals, plays long enough and well enough that he doesn’t need replaced, and that money is stretched out over many years lowering the cap hit.
If Tua gets an extension, his cap hit this year will most likely be around $10m. Next year it will probably be around $20-$25m… and so on. Most QB’s with these large contracts restructure nearly every season in order to lower the cap hit. -
Last edited: Mar 19, 2024danmarino likes this.
-
-
The Dolphins are currently ranked 11th in the NFL with $23m under the cap.
They’ve signed Tua, restructured Tyreek, signed Waddle and most other starters they wanted to keep other than Wilkins. Whom they could have signed, but didn’t want to pay that amount.
So much for all the “cap issues” some here kept crying about. lolTuanon4Life likes this. -
The cap issues have been kicked down the road. We'll have to face them at some point in the next couple years. -
The cap is built for “kicking the can down the road”. It’s too malleable to really matter much. There’s of course a limit in that you can’t pay everyone $50m a season, but the Dolphins will be fine. -
The Rams had to face it, eventually. The Saints had to face it, eventually. Every team that signs high-dollar FAs has to face it eventually, and so will we. -
We lost Wilkins and Gink, we’re gonna feel that on D most likely unless Chop and Quinton bell can perform as good.
No one imo is gonna replace Wilkins so we have to take that hitdolphin25 likes this. -
dolphin25 likes this.
-
I posted this on the Hill contract thread, but it belongs here as well:
danmarino and Unlucky 13 like this. -
OwesOwn614 likes this.
-
-
(and I see you @dolphin25 liking these posts after hiding … lol… how much did we end up having in cap space this year? Lmao ) -
dolphin25 likes this.
Page 1 of 2