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re: Drew Brees extension per Ed Werder
Posted on 9/7/16 at 2:58 pm to hendersonshands
Posted on 9/7/16 at 2:58 pm to hendersonshands
I don't think he was making 30 million. I believe that was just his cap hit.
2
Posted on 9/7/16 at 3:00 pm to dj30
i'm just humbled and honored that he's gonna probably retire a Saint now... 
Posted on 9/7/16 at 3:01 pm to Chad504boy
quote:I need an explanation on this "automatically voids" talk.
@Edwerderespn: Drew Brees extension will be 5 years but automatically voids to two. Committed to Saints this year and next only for $44.25M guaranteed
Posted on 9/7/16 at 3:01 pm to LSUFanHouston
His cap number is now 17.25 million. His deal isn't the problem with this roster.
Posted on 9/7/16 at 3:01 pm to dj30
quote:
Josh Katzenstein ?@jkatzenstein 52s52 seconds ago
Brees: Cap situation was most important element to him. Wants team to keep and acquire talent over next few years.
quote:
Andrew Siciliano ?@AndrewSiciliano 5m5 minutes ago
Drew Brees: "I want to play my entire career here." @nflnetwork - "I'll be here as long as they'll have me."
no doubt the Brady's of the world have rubbed off of him.
but it sounds like he wants to still be here past 2017
This post was edited on 9/7/16 at 3:03 pm
Posted on 9/7/16 at 3:03 pm to The Sad Banana
quote:
"automatically voids" talk
fake years to alleviate cap hits in years 3 4 and 5
Posted on 9/7/16 at 3:04 pm to mm2316
I'm sure it was Loomis
Posted on 9/7/16 at 3:04 pm to Lester Earl
quote:
Josh Katzenstein ?@jkatzenstein 52s52 seconds ago
Brees: Cap situation was most important element to him. Wants team to keep and acquire talent over next few years.
Kind of late in the offseason for this year. Probably would have helped back in March.
Posted on 9/7/16 at 3:05 pm to burke985
so what will be his cap hit next year when we actually can sign players
Posted on 9/7/16 at 3:05 pm to J_Hingle
quote:
so what will be his cap hit next year when we actually can sign players
350
2019 gonna be ruff
Posted on 9/7/16 at 3:08 pm to Chad504boy
St. Drew sacrifices for the sins of Loomis
Posted on 9/7/16 at 3:09 pm to Chad504boy
means we will be paying for Drew for years 3, 4 and 5 (if he isn't here), or we will again be restructuring after next year.
Mickey Loomis is king of the dead money.
Mickey Loomis is king of the dead money.
Posted on 9/7/16 at 3:10 pm to BilJ
2 years.
that may be same year payton's seat gets hot if him and brees don't produce in the 2 years coming.
that may be same year payton's seat gets hot if him and brees don't produce in the 2 years coming.
Posted on 9/7/16 at 3:10 pm to Chad504boy
Doing whatever it takes
Posted on 9/7/16 at 3:11 pm to The Hamburglar
quote:
means we will be paying for Drew for years 3, 4 and 5 (if he isn't here), or we will again be restructuring after next year.
Mickey Loomis is king of the dead money.
Drew Brees dead money >>>>>>>>> Junior Galette/Jimmy Graham/Jahri Evans dead money
Posted on 9/7/16 at 3:15 pm to BilJ
So just to explain some things I see people confused on:
The contract is written so it auto voids at some point after the 2017 season (or during the season but leaving 2017 intact).
It doesn't really spread the hit since money in future years accelerates to the first voided year, UNLESS he signs another extension and then I believe that money stays in the future years.
Why only 1 year added? This was basically a punt that helped both sides. Brees gets more guaranteed money to lessen the injury risk and the team gets the option to realistically use the tag after 2017 when it won't be $43 mil.
That allows both sides to negotiate in good faith on fair value, instead of Drew's agent letting the Saints pick between an insane tag price or open market negotiating.
This was super nice by Drew doing this (though he does get more security too so it wasn't all generous) because it allows us to be put it a much better negotiating position in the future.
The contract is written so it auto voids at some point after the 2017 season (or during the season but leaving 2017 intact).
It doesn't really spread the hit since money in future years accelerates to the first voided year, UNLESS he signs another extension and then I believe that money stays in the future years.
Why only 1 year added? This was basically a punt that helped both sides. Brees gets more guaranteed money to lessen the injury risk and the team gets the option to realistically use the tag after 2017 when it won't be $43 mil.
That allows both sides to negotiate in good faith on fair value, instead of Drew's agent letting the Saints pick between an insane tag price or open market negotiating.
This was super nice by Drew doing this (though he does get more security too so it wasn't all generous) because it allows us to be put it a much better negotiating position in the future.
Posted on 9/7/16 at 3:17 pm to bonethug0108
quote:
bonethug0108
Is this a precursor to another move?? Obviously he was priority, but this frees up serious space....Could we be looking to make a trade?? Talib??
Maybe wishful thinking on my part....
Posted on 9/7/16 at 3:18 pm to Chad504boy
One word: Loomising.
Posted on 9/7/16 at 3:19 pm to bonethug0108
quote:
It doesn't really spread the hit since money in future years accelerates to the first voided year, UNLESS he signs another extension and then I believe that money stays in the future years.
so what you're saying if drew doesn't extend, all dead money goes to 2018, if he does extend it can be spread amongst the 2018-2020 years? You got a link to this shite cause i don't like taking your word for things.
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