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Saints $7.6 million under cap
Posted on 4/4/17 at 9:12 pm
Posted on 4/4/17 at 9:12 pm
...all contracts have been signed. Is there enough cap space left to sign the new drafted players and an FA like Butler?
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Posted on 4/4/17 at 9:12 pm to djmicrobe
Always
Cutting McCown will be nearly a million
Cutting McCown will be nearly a million
Posted on 4/4/17 at 9:22 pm to djmicrobe
This is still not counting Byrd. Once he is cleared we'll have nearly $15 mil ($7.6 mil + $7.8 mil from Byrd).
So plenty to do a Butler deal (which likely would be $5 mil or less on the cap this year), draft picks ($4.4 mil), the 52nd and 53rd player ($1 mil total), and the PS (I forgot the amount but it's under $2 mil for sure, maybe even under $1 mil), and still have money left over.
So plenty to do a Butler deal (which likely would be $5 mil or less on the cap this year), draft picks ($4.4 mil), the 52nd and 53rd player ($1 mil total), and the PS (I forgot the amount but it's under $2 mil for sure, maybe even under $1 mil), and still have money left over.
This post was edited on 4/4/17 at 9:23 pm
Posted on 4/4/17 at 9:25 pm to bonethug0108
also not counting guys like mccown/daniel or even ellerbe/te'o if they find better options.
Posted on 4/4/17 at 9:29 pm to htran90
Chase's $900k base salary is fully guaranteed so it's not saving us any money if we cut him in favor of McCown.
Posted on 4/4/17 at 9:29 pm to htran90
No point in predicting cuts now when the draft has yet to happen. Anyone that was an obvious cut has been cut aside from Daniel/McCown (likely to only carry one), and that will last through preseason.
Posted on 4/4/17 at 9:31 pm to THRILLHO
quote:
Chase's $900k base salary is fully guaranteed so it's not saving us any money if we cut him in favor of McCown.
But I have a strong feeling his $3 mil in incentives is tied to being on the 53.
So in the long run Luke is likely to be cheaper.
Posted on 4/4/17 at 9:32 pm to bonethug0108
quote:
This is still not counting Byrd. Once he is cleared we'll have nearly $15 mil ($7.6 mil + $7.8 mil from Byrd).
Does not look like the Saints have enough cap space to sign Butler pre-draft.
Posted on 4/4/17 at 9:37 pm to djmicrobe
We easily do. The picks don't need to sign right away. But even if they do that's $7.6 mil - $4.4 mil = $3.2 mil.
We can easily work Butler's deal to be $3 mil the first year.
And there's alway the option of converting Unger ($2.63 mil) and/or Strief's ($1.45 mil) bonus to make room (a little over $4 mil combined).
So converting both would just about cover the picks (assuming we keep them all, which if we get Butler we won't be), leaving $7 mil for Butler (which he very likely won't be on the cap for $7 mil year one; it'll be less), and then we'll have around $8 mil come June 1st.
If we trade 32 we'll save $1 mil on draft pick costs. 42 is a little less (don't have the exact number).
We can easily work Butler's deal to be $3 mil the first year.
And there's alway the option of converting Unger ($2.63 mil) and/or Strief's ($1.45 mil) bonus to make room (a little over $4 mil combined).
So converting both would just about cover the picks (assuming we keep them all, which if we get Butler we won't be), leaving $7 mil for Butler (which he very likely won't be on the cap for $7 mil year one; it'll be less), and then we'll have around $8 mil come June 1st.
If we trade 32 we'll save $1 mil on draft pick costs. 42 is a little less (don't have the exact number).
This post was edited on 4/4/17 at 9:47 pm
Posted on 4/4/17 at 9:49 pm to bonethug0108
If we got Butler and paid him $3Mil this season, then he'd need to spread it over 3 years and pay him $17-$18 mil for 2018 and 2019 with around $30m guaranteed.
I am guessing that he accepts a $12-$13 mil per year deal on average.
I am guessing that he accepts a $12-$13 mil per year deal on average.
Posted on 4/4/17 at 10:01 pm to djmicrobe
If we get Butler it'll be at least a 4 year deal, but likely to be 5 (max bonus spread) or 6.
Let's call it 5 and he gets $10.5 per for a $52.5 mil deal.
Year one for $3 mil.
Year two is $8 mil with a $6 mil roster bonus that converts. That put his cap at $9.5 mil.
Year three is $8 mil, and with the bonus conversion put his cap at $9.5 mil.
Year four is $12 mil, $13.5 mil with bonus conversion. The guaranteed money is about up this year and he can be cut at this point with little dead money.
Year five is $15.5 mil, $17 mil with conversion. At this point he can be cut at almost no dead money.
But I imagine it won't happen quite like this and that could be part of the problems in negotiations. The last year is basically a dummy year to buff the look of the contract.
On the flipside it's also a year that would lead to negotiations on an extension or he looks for his next payday elsewhere.
Let's call it 5 and he gets $10.5 per for a $52.5 mil deal.
Year one for $3 mil.
Year two is $8 mil with a $6 mil roster bonus that converts. That put his cap at $9.5 mil.
Year three is $8 mil, and with the bonus conversion put his cap at $9.5 mil.
Year four is $12 mil, $13.5 mil with bonus conversion. The guaranteed money is about up this year and he can be cut at this point with little dead money.
Year five is $15.5 mil, $17 mil with conversion. At this point he can be cut at almost no dead money.
But I imagine it won't happen quite like this and that could be part of the problems in negotiations. The last year is basically a dummy year to buff the look of the contract.
On the flipside it's also a year that would lead to negotiations on an extension or he looks for his next payday elsewhere.
Posted on 4/4/17 at 10:04 pm to bonethug0108
Also no way is he getting $12-13 mil. At best he gets $11.5 mil and that's very unlikely.
Posted on 4/4/17 at 10:17 pm to djmicrobe
How much can we offer Jay Cutler or Tony Romo?
Posted on 4/4/17 at 10:18 pm to bonethug0108
quote:
But I have a strong feeling his $3 mil in incentives is tied to being on the 53.
Wasn't he on the Eagles's roster all of last season? That would make his being on the team all season a LTBE incentive, which would count against this season's cap. And I can't recall being on the roster being categorized as an incentive, only as bonuses.
Posted on 4/4/17 at 10:27 pm to THRILLHO
An incentive can be making the initial 53 man roster, or being on the roster x number of games.
You are thinking of per game roster bonuses which are different.
I'm not sure whether an initial 53 man roster incentive would be LTBE or not LTBE. I'm guessing it's not LTBE and thus would count against next year's cap.
But the point remains if he makes the 53 he's likely to cost more than McCown ($4 mil vs. $1.5 mil).
You are thinking of per game roster bonuses which are different.
I'm not sure whether an initial 53 man roster incentive would be LTBE or not LTBE. I'm guessing it's not LTBE and thus would count against next year's cap.
But the point remains if he makes the 53 he's likely to cost more than McCown ($4 mil vs. $1.5 mil).
This post was edited on 4/4/17 at 10:28 pm
Posted on 4/4/17 at 10:37 pm to bonethug0108
No they are not paying chase Daniel 4mil. His incentives are probably playing time. He might have like a 500,000 $ incentive but no way it's 3 mil not connected to playing time
Posted on 4/4/17 at 10:40 pm to djmicrobe
If Butler was going to happen it would have already.
Posted on 4/4/17 at 10:45 pm to Chalkywhite84
Chase isn't stupid. He could have went elsewhere and made $4-5 mil.
And he knows he isn't getting playing time this year so why even agree to that?
It's basically a million dollar tryout that turns into a $4 mil backup job if he wins it.
That way if he wins the backup job he gets the contract he wants. If he loses the job he still got a mil and can go get paid elsewhere.
For us it's a chance to see where he is now, and if we like him he's our backup with an option to hang around should Brees jet in FA next year.
And he knows he isn't getting playing time this year so why even agree to that?
It's basically a million dollar tryout that turns into a $4 mil backup job if he wins it.
That way if he wins the backup job he gets the contract he wants. If he loses the job he still got a mil and can go get paid elsewhere.
For us it's a chance to see where he is now, and if we like him he's our backup with an option to hang around should Brees jet in FA next year.
This post was edited on 4/4/17 at 10:46 pm
Posted on 4/4/17 at 10:45 pm to WicKed WayZ
That's not true. There's no urgency until we near the 21st
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