[Wilson8]

Originally Posted by chiefzilla1501

I think the cap is on signing bonus money. I read on one site it was something like 88k max for all udfa players. I would imagine that signing bonus is guaranteed so I don't think you can just cut deadweight.

I'm learning about all these udfa rules so I could be wrong on that.

http://overthecap.com/what-can-lael-...ed-free-agent/

Every undrafted rookie is locked into signing a three year contract. The three year contract will contain the minimum Paragraph 5 salary in each year, which will equal payouts of $435,000 in 2015, $525,000 in 2016, and $615,000 in 2017. These are the same numbers as rookies drafted after the 3rd round and many of the players drafted in the third round, so it is not a major loss for Collins of any player who was not projected to be a 2nd round pick.

The UDFA’s are very limited in terms of signing bonus money. I don’t have the final number in front of me but IIRC each team can spend, in total, about $88,000 on all their undrafted rookies. That usually means a large number of players receiving signing bonuses that will not exceed $8,000. So that is a limiting factor for a player who is not drafted. The smallest signing bonus a 7th round pick will receive likely to be about $52,000. So that is a pretty big loss considering for many players the bonus is the only salary they will ever receive.

Pretty good but also pretty long story concerning La'el Collins and a possible contract as a UDFA. - http://overthecap.com/what-can-lael-...ed-free-agent/