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re: Rumor Talk- Loomis is waiting for Player Suspensions
Posted on 4/15/12 at 12:38 pm to BlacknGold
Posted on 4/15/12 at 12:38 pm to BlacknGold
quote:
it does. we still need about 7-8 million to get the deal done though.
Cant most of that just be guaranteed? That's what I dont understand about this whole thing.
quote:
which is 7 million under what he wants.
It's a helluva lot better then actually being 400K under the cap.
2
Posted on 4/15/12 at 12:45 pm to Hazelnut
quote:
It's a helluva lot better then actually being 400K under the cap.
We actually are.....I don't get your point. The only way we don't take the 14.4 hit is if brees doesn't play in which this discussion doesn't even matter. That's why it is on the books. He want's money upfront obviously. We will have to cut people and free up some serious money; to the tune of 6-8 million at least to get it done. Guaranteed money is still on the cap.....
This post was edited on 4/15/12 at 12:48 pm
Posted on 4/15/12 at 12:48 pm to Hazelnut
quote:
Hazelnut
you are very confused about how this works.
Posted on 4/15/12 at 12:59 pm to BlacknGold
He is counting for 14 million right now. We do NOT need to have extra 6-7 i'n cap space to sign him because part of the total 21-23 he will get this year can be signing bonus money.
Posted on 4/15/12 at 1:04 pm to LakeViewLSU
quote:
We do NOT need to have extra 6-7 i'n cap space to sign him because part of the total 21-23 he will get this year can be signing bonus money.
thats not what he wants. he wants to be the highest paid QB salary wise. A signing bonus is spread out through the contract, so it wouldnt even be front loaded, which he wants. He wants around $23 mil a year and a lot guaranteed. so yes we DO need more cap room.
Posted on 4/15/12 at 1:08 pm to BlacknGold
A 40 million signing bonus spread out over 5 years would be 8 million per year. 8+ 14 = 22 brees wants 23 this year right?
Posted on 4/15/12 at 1:14 pm to LakeViewLSU
but that 8 million go against the cap. we dont have 8 million in room.
Posted on 4/15/12 at 1:16 pm to LakeViewLSU
Ok, all of this is speculation.
If Brees wants 23 mil this year, then keeping him on the tag would be cheaper.
If he's willing to backload his contract, then we'll save space this year.
But if he is willing to backload it, wouldn't he have signed the contract months ago?
If Brees wants 23 mil this year, then keeping him on the tag would be cheaper.
If he's willing to backload his contract, then we'll save space this year.
But if he is willing to backload it, wouldn't he have signed the contract months ago?
Posted on 4/15/12 at 1:17 pm to BlacknGold
I looked it up. Yes the 8 million would count but he would get the whole 40 now right? So we could essentially give him a very low base salary this year. 6 million + 8 would be 14. Therefore he gets 46 right now and we don't need anymore cap space.
This post was edited on 4/15/12 at 9:51 pm
Posted on 4/15/12 at 1:22 pm to Hoodoo Man
quote:
But if he is willing to backload it, wouldn't he have signed the contract months ago?
correct. he doesnt want to backload. and he pretty much said he wont be signing the tag. just because you tag a player, doesnt mean he will sign it.
and a signing bonus helps spread out the cap hit from year to year, but you still take one.
Posted on 4/15/12 at 1:24 pm to BlacknGold
Yeah, I think the bonus is the part of the contract that can be divided year-to-year.
I think.
I think.
This post was edited on 4/15/12 at 1:25 pm
Posted on 4/15/12 at 1:28 pm to Hoodoo Man
See my above edit. If brees is getting a huge signing bonus upfront, then we can pay him a low base salary. 6 mll this year and next. That would save us cap room.
Posted on 4/15/12 at 1:34 pm to LakeViewLSU
The bonus counts against the cap, too.
Posted on 4/15/12 at 1:37 pm to LakeViewLSU
i think youve confused yourself like hazelnut.
Posted on 4/15/12 at 1:49 pm to BlacknGold
quote:
i think youve confused yourself like hazelnut.
Brees doesn't care what his salary is.
He cares how much guaranteed money he will be getting.
And, he cares how much of the contract is likely to be earned (in other words, he doesn't want a lot of the money to be in the last year(s) of the deal.
It's very possible that he gets a large signing bonus which will be spread out from a salary cap standpoint across the entire contract with a low salary number in the first couple of years.
Posted on 4/15/12 at 1:54 pm to BlacknGold
Tell where I'm wrong here. For example:
Drew gets 30 million signing bonus + 8 million i'n salary this year + 8 million next year. That's 46 million for the first two years.
Saints cap hit is 6 million ( signing bonus ) + 8 million salary
14 million this year
We don't need anymore cap space in this case.
Drew gets 30 million signing bonus + 8 million i'n salary this year + 8 million next year. That's 46 million for the first two years.
Saints cap hit is 6 million ( signing bonus ) + 8 million salary
14 million this year
We don't need anymore cap space in this case.
This post was edited on 4/15/12 at 1:57 pm
Posted on 4/15/12 at 2:26 pm to BlacknGold
quote:
Rumor Talk- Loomis is waiting for Player Suspensions
In other news, Water is wet and bitches be crazy
Posted on 4/15/12 at 2:34 pm to LakeViewLSU
Maybe they don't need the cap room, but maybe they wanting a good PR boost after the player suspensions.
Posted on 4/15/12 at 2:39 pm to BlacknGold
None of that makes any sense if you believe the reports last week that a long-term deal actually will reduce Brees' cap number for this year.
I personally think the suspensions will be limited to one or two players, who will lose salary that won't be counted against the cap, and that none of this has anything to do with Brees' situation.
I personally think the suspensions will be limited to one or two players, who will lose salary that won't be counted against the cap, and that none of this has anything to do with Brees' situation.
Posted on 4/15/12 at 2:45 pm to Ice Cold
That will only happen if Brees wants to backload his contract, which he may not.
Patrick, you may be right about that.
No one in the organization seems worried about the Brees situation in the least.
Patrick, you may be right about that.
No one in the organization seems worried about the Brees situation in the least.
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