Oakland has been in what amounts to salary cap jail for a while now. The recent 21 million dollar roster purge, combined with massive amounts of dead cap space leave the Raiders in a some what odd predicament ... too much cap space ?
The Raiders payroll is a little over $70 million after the $8 million or so in relief they will receive June 1st after releasing Michael Huff. Even after signing their draft picks the Raiders will have a payroll of about $90 million, according to ESPN's John Clayton.
Under the new C.B.A. Oakland is required to spend 89% of the $123 million cap, meaning they must spend $109 million. So after we sign our draft picks there is some where around $14 million for Oakland to spend after June 1st, even after the signings of Jenkins, Carter, and Young. I'm sure there are lots of ways all Raider fans as well as myself could think of to spend that kind of cash, and there are some quality free agents still available such as Dwight Freeney, who are still holding out for the big bucks even if they have to wait till after June 1st to ink a deal. Wouldn't that be something , draft Floyd and add the likes of Freeney.
That would leave Oakland around $79 million under the cap for 2014, with only 21 players under contract, unless Reggie decides to sign someone to a multi-year deal between here and there. So here's the rub, T.V. money doesn't get paid out till after the season starts, leaving Oakland only the revenue from lagging ticket sales to try to come up with the large signing bonuses it will take to attract top notch free agents next year.
To comply with the C.B.A. the Raiders may actually be forced to overspend for 2014-2016. Considering the last couple years, too much cap space will be a nice problem to have, but Oakland could make it easier on ownership by getting extensions done for Jared Veldheer, Lamarr Houston, and Darren McFadden.
The Raiders will have to be very creative in finding a way to meet their C.B.A. requirements over the next 3 seasons, considering they are starting behind the 8 ball with $45 million in dead cap space this year, and are going to have to do it without the benefit of an N.F.L caliber stadium. The Raiders are beyond needing a new facility to stay competitive, and moving towards having to have a new facility to meet their C.B.A. obligations. Oakland needs to be breaking ground on a new facility now if they want a chance to keep the Raiders in Oakland. Without an owner with deep pockets like a Dan Snyder, or a Bill Gates, the Raiders may be forced into sharing a stadium with the Niners, or moving to L.A. if they can provide a new facility , just to meet their C.B.A. requirements.
Oakland hasn't learned from past mistakes, this is how they lost the Raiders the 1st time. It's no longer about staying competitive, the Raiders must have a new facility to meet their C.B.A. obligations. If Mark Davis and Reggie get real creative they can hold out a year or two for a new stadium, but if Oakland can't get it off the ground they will be forced to find a competitive facility whether it means sharing with the Niners or moving to L.A. to meet their C.B.A. obligations.