Got this from Pro Football Talk:
UNCAPPED YEAR 101
Assuming that the powers-that-be can't get a new CBA hammered out by Friday, and assuming that NFLPA executive director Gene Upshaw intends to force an uncapped year, it's critical for everyone -- including most importantly the players -- to understand what a year without a salary cap really means.
Here are the key points.
1. There will be no limit on what teams can spend on players, but there also will be no minimum, either. Currently, teams are required annually to spend at least 54 percent of the projected Defined Gross Revenues on player costs. In an uncapped year, teams can spend as little as they choose.
2. Only players with six or more accrued seasons will be eligible for unrestricted free agency. Players with three, four, or five accrued seasons will be restricted free agents. In other words, Bucs quarterback Chris Simms (who signed a one-year restricted free agent tender on Wednesday), will be a restricted free agent again in 2007. Under normal circumstances, he would be eligible for unrestricted free agency in 2007.
3. All teams will have an extra transition tag in 2007. Currently, teams can use either a franchise tag or a transition tag. So next year the teams will be able to restrict two otherwise unrestricted free agents.
4. The final four playoff teams from 2006 will be permitted to sign only their own unrestricted free agents. For each of their unrestricted free agents signed by someone else, they can replace them with an unrestricted free agent signed from another team.
5. The next four playoff teams will be subject to the same rules as the final four. They also will be able to sign one unrestricted free agent at a first-year salary of $1.5 million or more, and one at a first-year salary of less than $1 million (not including signing bonus), with increases of no more than 30 percent of the player's first-year salary.
The message here is that there are some significant limits to the cash bonanza that the players are expecting in 2007. It's another reason, in our opinion, for both sides to get the deal done.
"Vincere scis, Hannibal, victoria uti nescis" -- Maharbal, 216 B.C.E.