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Triangulation by Speculation: Updated Salary Cap Budget

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After the first stage of the 2013 Re-Entry Draft, the Chicago Fire have a bit more financial elbow room.

Jonathan Daniel

About two weeks ago, I took a stab at estimating the Chicago Fire's cap space going in to 2014. Now that the Fire have offloaded nine players in the first stage of the Re-Entry Draft, things look a little more comfortable for Frank Yallop and Brian Bliss.

Of the players the Fire were able to purge themselves of, three were off-budget: Michael Videira, Corben Bone and Shaun Francis.

A total of six players were officially cleared from the Fire's books, in my estimate on December 2, I had already cut Logan Pause from the Fire's payroll. Below are the other five players who freed up cap space:

Player Salary
Joel Lindpere $180,000
Maicon Santos $157,000
Chris Rolfe $225,000
Wells Thompson $105,000
Daniel Paladini $86,625
TOTAL $753,625

With those salaries clear, here is a rough sketch of what the Fire might have available with the Salary Cap.

Previously Projected Fire Salary for FY14 $2,728,875
Freed Up Cap Space $753,625
Adjusted - Projected Fire Salary for FY14 $1,975,250
Projected FY14 Salary Cap Number $3,100,000
UPDATED Projected Fire Cap Space for FY14 $1,124,750

Yes, that's right. The Fire could have about a cool million to use on new players this off-season. The Fire have enough space to bring back Logan Pause and possible Chris Rolfe at lower salaries and still have room to work with. Either way, the Fire are going to have a busy off-season, and they'll have a good amount of cap space available to make this off-season a little easier.