Ross, I'd urge people to listen to Andrew Brandt former Packers GM on the salary cap. He and groh pretty much said the same things.. you can do whatever you want with the Cap.
I think that's an over-simplification.
Here's what Brandt wrote for SI.COM:
Let’s make this very simple: Cash is real money; cap is simply accounting.
Cash is what a player will actually receive in a contract. Cap is a mechanism of compliance, a way NFL teams account for a contract over the life of the deal.
And through the NFL’s systematic magic of signing and option bonus proration—spreading out the cap impact of bonuses over the term of the deal—cap can be adjusted to provide short-term gain for long-term pain.
Note the part about
long-term pain.
He is NOT saying you can do anything you want with the Cap, what he is saying is the Cash side matters a lot more than the Cap side.
When he talks about Cash over Cap, he is saying (as he does above) that you can use Cash to buy Cap by converting salary to signing bonuses but (a) this requires an owner who is willing to pay out the Cash and (b) as above, if you do too much of this you do get long-term pain.
Note that all owners are rich in the sense that they own (part of) a multi-billion dollar asset, but not all owners have access to a lot of cash. Owners like Kraft, Jones and Kroenke are flush with cash, owners such as Spanos, Davis, and Brown have far less access to cash than the fat cats do, so they have a harder time converting Cap to Cash. They also can't put a lot of cash into escrow to cover guarantees, which is why the Bengals are struggling to close a deal with Burrow.
Andrew's bottom line is:
Cash matters a lot more than cap.
And the opposite also true, that most media members talk too much about the Cap, and not enough about the Cash.
The overall idea that the Pats could be choosing to burn through Cap now and add expensive players is true, but the idea that you can do this without any impact is false. The Cap does matter, but in most cases, not to the degree the media suggests it does. We had our cap hell years after we signed back-loaded contracts with Brady, and Tampa is now paying the price for doing the same thing.
The Rams are paying Donald, Stafford and Cup a huge part of their Cap and can't cut them due to the huge dead cap numbers they have. Stafford is shot (IMO) and he almost retired on them and that would have been a disaster, since if he did that they'd take a $100M hit to their cap. If they wait till next year after June 1 and cut him, it's still a $50M hit. The Rams already have $75M of dead cap money to work through, money they can't spend on players. They are putting together their team using UDFAs (since they also traded away almost all of their draft capital) and waiver wire players. They picked up five off wavers, largely because they don't have the cap space to pay veterans. They are a true "stars and scrubs" team, and their big problem is their stars have all peaked and heading into their declines while they have no cap or draft picks they can use to replace them.
So, there are horror stories if/when teams decide to push money out into the future and go for it. The fans probably don't complain. The Bucs and the Rams got their Super Bowl wins. Yet now both suck, and a lot of their "fans" have gotten their cheap adrenaline rush and have moved on to other things. We will see a lot of empty seats in Tampa and LA this season. The fans have moved on, but the owners are still paying the bills from the SB runs and have a smaller fan base to extract cash from.
I think overall we're doing the right thing. We're not one spectacular WR or CB away from contention. When we are, that's when you go out looking for someone like Darrelle Revis or Stephon Gilmore. Till then, you keep building the overall team talent level and depth. We did **** up an entire season with the MP/JJ experiment, and that really ****ed up the team rebuilding cycle. IMO that might be the real reason we end up walking away from Mac Jones: he's going to want QB1 money, and he might not have shown he has QB1 talent by the time we need to pay him, and a big part of that is last year's lost season. We've seen with Zappe that BB can be ruthless, MJ may find out the same thing if he isn't a true QB1 by the time he needs to be paid or be cut.
Ref:
https://www.si.com/nfl/2023/05/17/nfl-business-football-explaining-salary-cap
Ref:
Los Angeles Rams Salary Cap | Over the Cap