Cap update: ~$2m over, Will Smith update: still fat | TigerDroppings.com

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THRILLHO
New Orleans Saints Fan
New Orleans, LA
Member since Apr 2006
33581 posts

Cap update: ~$2m over, Will Smith update: still fat


So we were at $140m in mid January according to ESPN (most recent number I could find)

PFT thinks the cap could be just over $123m. So that's $17m over.

Thomas/Johnny Patrick saved us $3m, so that's $14m over.

Colston saved $3m, so that's $11m over.

Grubbs saved us $4m, so we're sitting right around $7m over the cap.

ETA: Evans saved $3m, so $4m now.

ETA2: Hawthorne converted his roster bonus into a signing bonus, saving $2m on the season.

ETA3: Bunkley restructure frees up $2.2m. I won't change the # in the title on account of Yasinska/Clayton figuring we're still about $3m over...

Cutting Will Smith would save us $8m on the season ($1m roster bonus + $9m base = $10m less the $2m accelerated roster bonus, which we could leave until next year should be choose to free up $10m). Cutting Vilma would free up just shy of $6m.


So without a Brees restructure (which will be inevitable within the next 2 offseasons), cutting Smith/Vilma and taking into account, say, $4m combined in draft pick and special teams/3rd string players, and $2m for DLP's 2nd round tender, we could very easily have $8m in legit FA spending money pretty soon.



This post was edited on 3/4 at 3:21 pm



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Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
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re: Cap update: ~$2m over, Will Smith update: still fat


quote:

Smith/ Vilma


Nah na na na

Nah na na na

Hey hey hey

Goodbye






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Fun Bunch
New Orleans Pelicans Fan
New Orleans Saints Fan
Member since May 2008
23456 posts

re: Cap update: ~$2m over, Will Smith update: still fat


It's not quite that simple. There are accelerators and things that increase the cap based on Top 51 salaries on the roster, etc.





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Meateye
New Orleans Saints Fan
Brandin Cooks Paintrain!!!
Member since Mar 2007
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re: Cap update: ~$2m over, Will Smith update: still fat








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chrisksaint
Florida State Fan
Tampa, FL
Member since Jul 2011
1339 posts

re: Cap update: ~$2m over, Will Smith update: still fat


More now with an Evans restructure. They probably will sign someone who will be a contributor, but I just want to be cautious as I don't want too spend too much on someone that's not worth the $$ and Jimmy still needing a contract soon





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Fun Bunch
New Orleans Pelicans Fan
New Orleans Saints Fan
Member since May 2008
23456 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Evans, Grubbs,Hawthorne all restructure. Loomis is busy.





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Zoltan
New Orleans Saints Fan
BR
Member since May 2010
817 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Aren't newly drafted players not factored into the cap for 2013 so that wouldn't matter? Could be wrong just what I thought.





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Fun Bunch
New Orleans Pelicans Fan
New Orleans Saints Fan
Member since May 2008
23456 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Based on the numbers being rumored with all the restructures, I think we are under the cap (or extremely close). Biomass and Smith will give us some room for actual re-signings and FA.





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THRILLHO
New Orleans Saints Fan
New Orleans, LA
Member since Apr 2006
33581 posts

re: Cap update: ~$2m over, Will Smith update: still fat


quote:

There are accelerators and things


I already took that into account. Vilma is on the last year of his deal so there's no acceleration, just $4.8m base, $1.1m roster bonus, so that's an easy one to figure out. I mentioned the choice of taking the $2m accelerated signing bonus hit this year or pushing into next (designating him as a post June 1st cut).

quote:

Top 51 salaries on the roster


I'm aware, pretty sure ESPN takes that into account when they give the cap hit. Way too much work to figure out the exact cap hit of the top 51 alone, or even checking how many players are on the roster right now. I factored in a couple million for filler, so if anything there would be a bit more playing around money.






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504hornets
Tulane Fan
Member since Dec 2011
762 posts

re: Cap update: ~$2m over, Will Smith update: still fat


@LaSportsDude: @RoSpitta Alright, after finding everything I could it looks like the Saints are still $3.5 million over the cap.

Which isn't bad cause with Harper, Smith, and vilma we should be in good shape






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Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
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re: Cap update: ~$2m over, Will Smith update: still fat


Harper has to restructure.





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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
79285 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Cut roman and will and pay jimmy





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Rickety Cricket
Navy Fan
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re: Cap update: ~$2m over, Will Smith update: still fat


I like this first name basis thing Chadwick





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whodatfan
New Orleans Saints Fan
Member since Mar 2008
14755 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Sticky coming. Gonna unsticky that shitty datty thread too.





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goatmilker
New Orleans Saints Fan
2014 drunkin Bobby award winner!
Member since Feb 2009
15071 posts
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re: Cap update: ~$2m over, Will Smith update: still fat


Nah na na na

Nah na na na

Hey hey hey

Goodbye



Looks like it.

quote:

Gonna unsticky that shitty datty thread too.

Thank God.



This post was edited on 2/27 at 6:37 pm


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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
79285 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Me too Rick





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Breesus
New Orleans Saints Fan
House of the Rising Sun
Member since Jan 2010
24578 posts

re: Cap update: ~$2m over, Will Smith update: still fat


quote:

Biomass and Smith


What?






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Patrick O Rly
New Orleans Saints Fan
y u do dis?
Member since Aug 2011
37029 posts
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re: Cap update: ~$2m over, Will Smith update: still fat


Imma miss it.





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THRILLHO
New Orleans Saints Fan
New Orleans, LA
Member since Apr 2006
33581 posts

re: Cap update: ~$2m over, Will Smith update: still fat


quote:

Aren't newly drafted players not factored into the cap for 2013 so that wouldn't matter? Could be wrong just what I thought.



They aren't considered part of the cap yet, if that's what you're asking. I was just considering their eventual cost once we draft them. If you're asking if rookie wages never count against the cap, they certainly do. Based on Bruce Irvin's contract (15th pick), our first rounder will cost just over $2m and the 3rd through 6th round picks will probably make it an even $3m or so since a few are guaranteed to not be among the aforementioned top 51 earners.






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CocoLoco
New Orleans Saints Fan
30° 12' N 92° 0' W
Member since Jan 2012
12560 posts

re: Cap update: ~$2m over, Will Smith update: still fat


Getting there.





Roman, you're next.

-Bill Goldberg






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