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The Tampa Bay Buccaneers weren’t getting the production they expected and needed from 1999 first-round draft pick Anthony “Booger” McFarland on the football field, but they’re already reaping the benefits of parting ways with him.

The Buccaneers received a second-round pick in the 2007 NFL Draft by trading McFarland to the Indianapolis Colts Tuesday. Not only will the Bucs benefit from that first-day selection next year, they now have a full arsenal of draft picks again next year after parting ways with a 2007 sixth-round pick in the trade for former New York Jets tight end Doug Jolley. While they don’t currently have a sixth-round pick, a second-rounder is always better than a sixth-rounder no matter how you look at it.

Tampa Bay is also able to enjoy a significant amount of cap savings in 2006 and 2007 now that it has traded McFarland to Indianapolis.

McFarland’s original cap value for 2006 was $6.6 million, but by trading him on Tuesday, his cap value was adjusted to account for the $1.584 million the team has paid McFarland through six weeks and the $2.1 million portion of his pro-rated signing bonus that gets absorbed this year. The Bucs also had to pay McFarland a $6,000 workout bonus, which makes his new cap value $3.690 million, which means the Bucs created approximately $2.91 million in cap room for 2006 by trading McFarland.

Tampa Bay was already $3 million under the league-mandated salary cap before it traded McFarland on Tuesday. The Bucs are now approximately $5.91 million under the 2006 cap.

The remaining $4.196 million of McFarland’s pro-rated signing bonus will be absorbed by the Bucs in 2007, but they still will save money as Booger’s ’07 cap value was scheduled to be $7.598 million. By trading McFarland, the Bucs created $3.402 million in cap room for next year.

The news gets even better for Tampa Bay in ‘07. If the Bucs do not use the $2.91 million freed up by the McFarland trade in 2006, league rules will allow them to roll that cap room over to 2007. As or right now, the Bucs are scheduled to be $24 million under the cap in ’07, but they could be as much as $27 million depending on whether the Bucs use the $2.91 million freed up by the McFarland trade this year.

That cap room will go a long way in terms of helping the 1-4 Bucs, who have been hindered by the salary cap for several years, re-sign their own free agents as well as signing other teams’ free agents in an effort to fill needs and upgrade their roster for the ’07 season.


 
This story is intended to be read by Pewter Insider subscribers only. Sharing of the PI content with non-subscribers of this service can result in cancellation of your subscription to the service and/or further actions by the publishers.

 

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