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Salary Cap Check In
Posted on 7/23/13 at 8:06 am
Posted on 7/23/13 at 8:06 am
2013 Adjusted Cap Number: $124.619 million (11th-lowest adjusted cap number in the NFL in 2013)
2013 Cap Room Remaining: $5.173 million (11th-lowest available cap space, as of July 22)
Long-Term Cash/Cap Outlook: The Saints' front office will be busy getting salary cap compliant before the start of the 2014 league year. The "Top 51" contracts for next season currently have $143.396 in salary cap commitments, the second-highest total in the NFL, trailing only the Dallas Cowboys. That figures includes $13.9 million for Smith, who is due a $1 million roster bonus on the third day of the 2014 league year and is slated to earn a $10.4 million base salary in the final year of his contract. The Saints have only 41 players under contract for the 2015 season, but have $129.1 million in salary cap commitments, the second-highest total behind, you guessed it, the Cowboys.
MORE
The 2014 outlook isn't great but weren't we 2nd highest in cap at the beginning of free agency? Loomis made moves, signed players, and we're now at 11th lowest now. So don't worry about the 2014 number, he'll take care of it. Just Will Smith will save $10mil+ in cap next season.
2013 Cap Room Remaining: $5.173 million (11th-lowest available cap space, as of July 22)
Long-Term Cash/Cap Outlook: The Saints' front office will be busy getting salary cap compliant before the start of the 2014 league year. The "Top 51" contracts for next season currently have $143.396 in salary cap commitments, the second-highest total in the NFL, trailing only the Dallas Cowboys. That figures includes $13.9 million for Smith, who is due a $1 million roster bonus on the third day of the 2014 league year and is slated to earn a $10.4 million base salary in the final year of his contract. The Saints have only 41 players under contract for the 2015 season, but have $129.1 million in salary cap commitments, the second-highest total behind, you guessed it, the Cowboys.
MORE
The 2014 outlook isn't great but weren't we 2nd highest in cap at the beginning of free agency? Loomis made moves, signed players, and we're now at 11th lowest now. So don't worry about the 2014 number, he'll take care of it. Just Will Smith will save $10mil+ in cap next season.
3
Posted on 7/23/13 at 8:23 am to blueslover
Can't lie - Loomis does seem to pull you guys from the jaws of doom year in and year out.
Posted on 7/23/13 at 8:24 am to blueslover
quote:
That figures includes $13.9 million for Smith, who is due a $1 million roster bonus on the third day of the 2014 league year and is slated to earn a $10.4 million base salary in the final year of his contract.
How does this fat piece of crap get paid this much?
Posted on 7/23/13 at 8:48 am to Patrick O Rly
That money is no more than fairy dust.
Posted on 7/23/13 at 8:48 am to DoubleDown
He is a numbers guy who knows his role and lets his football people do their job.
Posted on 7/23/13 at 9:01 am to blueslover
quote:
The 2014 outlook isn't great but weren't we 2nd highest in cap at the beginning of free agency?
It would be fantastic if the rookies and guys like Gallette really pan out this season. If I'm remembering one of your posts earlier in the offseason, 14 and 15 were the tough years before the cap is expected to go up.
Posted on 7/23/13 at 9:25 am to Patrick O Rly
quote:
How does this fat piece of crap get paid this much?
This is the result of renegotiating several times and rolling the money forward. Loomis is a master of juggling the numbers to stay in cap compliance. It's just a fact of NFL life that with continued success you are likely to live close to the cap limits. Moves to accommodate that I can hack. The point where criticism could be had to me is a few of the second contract money amounts. Smith, Harper, and Charles Grant were all given second contracts that I thought were more costly than what their performance and ability warranted. Those big deals were like if the Saints would have gave Bushrod $36mil for 5yrs (the Chicago contract). He was a decent tackle but definitely not worth that much. Most here felt better about him walking at that price. If the same sort of fiscal management when the Smith, Harper, & Grant deals came around was applied things would be better now. There was a lot more free or looser cap money available then. Maybe the tight cap has Loomis refining his cap skills even better.
Posted on 7/23/13 at 1:03 pm to blueslover
Those deals(at least the Grant and Smith ones) were also done before the new CBA(and Smith's has been reworked a few times). In the old CBA the cap kept jumping up and the owners wanted to fix that with a more flat cap.
The Harper deal I believe was more Payton and GW wanting to keep what they saw at the time as a key pro bowl defensive piece. But he has been reworked and is basically on a one year deal.
Loomis is going to fix this no problem. Just Smith alone will save us a bunch.
The Harper deal I believe was more Payton and GW wanting to keep what they saw at the time as a key pro bowl defensive piece. But he has been reworked and is basically on a one year deal.
Loomis is going to fix this no problem. Just Smith alone will save us a bunch.
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