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** Updated -- Saints Still $7 mil Under Cap (as of Thurs.)

Posted on 8/4/11 at 8:45 am
Posted by Farva
Member since May 2009
789 posts
Posted on 8/4/11 at 8:45 am
LINK /

Had been wondering where we stood. That's much more than I thought after so many signings.
This post was edited on 8/4/11 at 3:20 pm
Posted by NS Who Dat Nation
BR
Member since Jul 2007
8801 posts
Posted on 8/4/11 at 8:46 am to
Who do we have left to give deals to? Besides Brees obviously.
Posted by vilma4prez
Lafayette, LA
Member since Jan 2009
6431 posts
Posted on 8/4/11 at 8:46 am to
and do we have to spend it?
Posted by Farva
Member since May 2009
789 posts
Posted on 8/4/11 at 8:48 am to
I'm still not sure how close we have to get pursuant to the "spending floor" implemented in the new CBA.
Posted by Gugich22
Who Dat Nation
Member since Jan 2006
27710 posts
Posted on 8/4/11 at 8:50 am to
quote:

Message
Posted by Farva
I'm still not sure how close we have to get pursuant to the "spending floor" implemented in the new CBA.




I don't think that starts until next year...
Posted by Mouth
Member since Jan 2008
20969 posts
Posted on 8/4/11 at 8:50 am to
quote:

and do we have to spend it?


I understood it as we HAVE to spend the 120mil cap.
Posted by NS Who Dat Nation
BR
Member since Jul 2007
8801 posts
Posted on 8/4/11 at 8:52 am to
quote:

I don't think that starts until next year...


Correct
Posted by coldhotwings
Mississippi
Member since Jan 2008
6497 posts
Posted on 8/4/11 at 8:53 am to
quote:

and do we have to spend it?


It's probably good to keep at least $2 mil available for mid-season additions.

I dunno how the Eagles are under the cap by almost $4 mil.
Posted by Jumbeauxlaya
LSU
Member since Jan 2011
18083 posts
Posted on 8/4/11 at 8:53 am to
quote:


I understood it as we HAVE to spend the 120mil cap.



from what they were saying earlier, I thought this year the cap floor was around 90-95% of the cap, and then over the next year or two it'll move to 89 or 99%? At this point i've heard so many differing reports though..
Posted by tadelatt
Buga Nation
Member since Jan 2010
12255 posts
Posted on 8/4/11 at 8:54 am to
We have to spend 99% of it. So we can have a small bank role in case we need to add someone midseason.
Posted by coldhotwings
Mississippi
Member since Jan 2008
6497 posts
Posted on 8/4/11 at 8:58 am to
quote:

I don't think that starts until next year...



That probably explains why Tampa still isn't spending any cash on anyone besides their superpunter.
Posted by Farva
Member since May 2009
789 posts
Posted on 8/4/11 at 8:58 am to
quote:

I dunno how the Eagles are under the cap by almost $4 mil.
Posted by coldhotwings
Mississippi
Member since Jan 2008
6497 posts
Posted on 8/4/11 at 9:02 am to
My guess is that every backup for the Eagles isn't making much more than league minimum.
Posted by SaintEB
Member since Jul 2008
22720 posts
Posted on 8/4/11 at 9:03 am to
The "per team" salary floor of 90% doesn't take effect until the 2013 season. Today, the 32 teams as a whole have to spend 99% of the total cap...something like 3.4 billion.
Posted by Fun Bunch
New Orleans
Member since May 2008
115738 posts
Posted on 8/4/11 at 9:10 am to
quote:

The "per team" salary floor of 90% doesn't take effect until the 2013 season. Today, the 32 teams as a whole have to spend 99% of the total cap...something like 3.4 billion.



Ding ding. You are correct.

The LEAGUE, as a whole, has to spend 99%. Teams do not have to spend 89% until 2013.
This post was edited on 8/4/11 at 9:11 am
Posted by coldhotwings
Mississippi
Member since Jan 2008
6497 posts
Posted on 8/4/11 at 9:10 am to
quote:

Today, the 32 teams as a whole have to spend 99% of the total cap...something like 3.4 billion.


If that's true then the Saints could still sign another big name.
Posted by TigerinATL
Member since Feb 2005
61489 posts
Posted on 8/4/11 at 9:11 am to
If they see a player that can help spend it. If they don't, give that money to Brees and Nicks this year to lessen the cap hit in future years.
Posted by MetryTyger
Metro NOLA, LA
Member since Jan 2004
15590 posts
Posted on 8/4/11 at 9:14 am to
I'd still like to find a name LB, maybe another DL, and a center.
Posted by Elleshoe
Wade’s World
Member since Jun 2004
143616 posts
Posted on 8/4/11 at 9:14 am to
Bring in a vet OLB
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43299 posts
Posted on 8/4/11 at 9:15 am to
quote:

If they see a player that can help spend it. If they don't, give that money to Brees and Nicks this year to lessen the cap hit in future years.


This is what I'd like to see them do with the extra $$
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