NFL chief negotiator Jeff Pash revealed in an interview yesterday on SirusXM NFL Radio that the NFL owners offered players an unprecedented guarantee – an average of 90 percent of the salary cap spent in cash over a three-year period
“For the first time, we were going to have a cash minimum as opposed to just a cap minimum,” Pash said. “You understand what the difference means and of course so did the union, which is why they pushed for that. The 90 percent was an agreed upon figure and because of the way teams change over time, we all thought that you couldn’t do it year-by-year so we were doing it at on a three-year basis to allow for the fact that teams go through cycles. Everyone on both sides thought that was a sensible compromise. It would have done a lot.”
In previous seasons with a salary cap, there had never been a requirement that clubs had to spend a minimum amount of cash. The salary cap floor applied only to the salary cap — not cash spent – and thus included “dead money” including prorated money from bonuses paid in earlier years of player contracts and money that was accelerated from future years for players no longer with that club.