1. Welcome to Algebra 1! Objectives: 1) To familiarize yourself with the procedures and policies of Algebra 1. 2) To begin a comprehensive review of previous material. Warm-up: Evaluate the following: 1) 45% of 200 is what?2)15 – 5 ● 2+4 3)60% of what is 32?4)15 is 10% of what? 5)(4 – 1)(2 + 6 – 5)6)xy(x + y); use x = 3, and y = 2

2. Rules and Procedures of Algebra 1 Beginning of Class Be in your seat by the time the bell rings with: 1.Your homework on the corner of your desk. Late HW is not accepted!! 2.Sharpened pencils 3.Your notes dated 4.Your notes titled 5.Your warm-up started Rules 1.Be kind and loving to everyone 2.Please be “handsome” when you walk through the door way (Be in proper uniform!) 3.If you wish to speak, raise your hand and/or wait to be called on 4.Ask questions! How else will you learn?? 5.If you are late/absent from class, you must present a note from the Dean’s office 6.If you are aware of an absence ahead of time (sports, etc.) you are still responsible to submit all work on time!

3. Caps Can you give some examples of a cap? Bottle Pen Baseball Salary What is a salary cap? An agreement or rule that places a limit on the amount of money that a team can spend on player salaries. It can exist per player or as a total limit for the team roster. This ensures that a wealthy team cannot dominate the league.

4. Salary Caps What is the difference between a hard and soft salary cap? Hard Cap: A maximum amount that cannot be exceeded for any reason. Violators face the voiding of contracts, striping of championships and other potential penalties. Soft Cap: A maximum amount that may be exceeded in limited circumstances. Doing so will most likely cause a financial penalty which is known in advance. Which leagues have a hard cap? NFL NHL Which leagues have a soft cap? MLB NBA MLS

5. NFL Salary Cap How is the NFL Salary Cap calculated? It has a lot of elements involved, but a basic formula can be derived as: 55% of League Media (regular season games) + 45% NFL Ventures/Postseason + 40% Local (preseason games) – 47.5% of the Joint Contribution Amount (Projected League-wide benefits) The resulting number is then divided evenly among the 32 teams to achieve the NFL Salary Cap. What is the current NFL Salary Cap? $133 million! That’s $133,000,000 per team! If that big formula added up to be $3.68 billion, what would each team’s salary cap be? Since each team has a cap of $133 million, what does the big formula add up to be?

6. NFL Salary Cap League Media = $4.5 billion NFL Ventures = $5.4 billion Local = $1.25 billion Joint Contribution Amount = $1 billion Homework: Complete Worksheet