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Message
Can someone explain a few cap related things if Jimmy's tag status changes?
Posted on 3/9/14 at 11:36 am
Posted on 3/9/14 at 11:36 am
I'm not here to stir up a debate about whether or not he deserves a WR tag, should we keep him, is he being immature etc. I'm just curious about some of the implications of it.
If he files a grievance and is eventually successful with getting his WR tag, that would alter our cap figure by nearly $5 million. What is the NFL protocol to let the team handle this? Also, if he files how long does it take a decision to come down? Because it will affect a lot.
Last I checked we were $2.1-2.6 under the cap (not counting Sproles yet) (over the cap has it at 2.1, spotrac has it at 2.6 because of a 500k 2013 rollover). If we go through this FA period and hopefully sign a few players, I imagine we will be right against the cap.
If Jimmy is successful, do we have to scramble to free up that $5 million? I think I remember reading that a team would get 1 week or something maybe. I know that contracts have to get approved by the NFL, and they simply don't allow teams to go over, so could we potentially be penalized if this cap number changes on us?
Fair to assume Loomis has a contingency plan in place for this with potential restructures and what not? I would hope we ultimately reach a deal with him by the summer which would ease the number for this year, but will this cause us to tone down our aggression in FA this year?
Sorry if this has specifically been addressed already as I know there have been a nauseating amount of threads on the subject, but I just didn't really think about this till now. Also know some of this will be answered for us in a few days, but I was curious what others thought.
TIA
Cliff notes for the impatient TLDR crowd:
1. Basically, if he is successful and his cap number changes, what do we do, scramble to free up 5 mill?
2. Are we allowed time to adjust/ how much?
3. Could we be penalized?
4. Where may we see the extra space come from at that point?
5. Do you think it will cause us to tone down aggression in FA initially?
:beatdeadhorse:
If he files a grievance and is eventually successful with getting his WR tag, that would alter our cap figure by nearly $5 million. What is the NFL protocol to let the team handle this? Also, if he files how long does it take a decision to come down? Because it will affect a lot.
Last I checked we were $2.1-2.6 under the cap (not counting Sproles yet) (over the cap has it at 2.1, spotrac has it at 2.6 because of a 500k 2013 rollover). If we go through this FA period and hopefully sign a few players, I imagine we will be right against the cap.
If Jimmy is successful, do we have to scramble to free up that $5 million? I think I remember reading that a team would get 1 week or something maybe. I know that contracts have to get approved by the NFL, and they simply don't allow teams to go over, so could we potentially be penalized if this cap number changes on us?
Fair to assume Loomis has a contingency plan in place for this with potential restructures and what not? I would hope we ultimately reach a deal with him by the summer which would ease the number for this year, but will this cause us to tone down our aggression in FA this year?
Sorry if this has specifically been addressed already as I know there have been a nauseating amount of threads on the subject, but I just didn't really think about this till now. Also know some of this will be answered for us in a few days, but I was curious what others thought.
TIA
Cliff notes for the impatient TLDR crowd:
1. Basically, if he is successful and his cap number changes, what do we do, scramble to free up 5 mill?
2. Are we allowed time to adjust/ how much?
3. Could we be penalized?
4. Where may we see the extra space come from at that point?
5. Do you think it will cause us to tone down aggression in FA initially?
:beatdeadhorse: This post was edited on 3/9/14 at 12:06 pm
2
Posted on 3/9/14 at 11:47 am to Zoltan
quote:
1. Basically, if he is successful and his cap number changes, what do we do, scramble to free up 5 mill?
2. Are we allowed time to adjust/ how much?
3. Could we be penalized?
4. Where may we see the extra space come from at that point?
5. Do you think it will cause us to tone down aggression in FA initially?
1. I imagine there would be a small grace period to allow us to make the necessary changes.
2. Same as one. Someone said maybe a week but was unsure(Thrillho).
3. If we don't get under within that grace period(if we get one) then yes. And it would be extremely unfair to not get one and be immediately slammed since the league is the one that designated the tag as a TE tag.
4. Money would come from restructures. Likely would do a partial restructure of Brees just to get back "even".
5. I think it would have minimal impact on FA. We usually get what we want within reason no matter the cap situation.
This post was edited on 3/9/14 at 11:48 am
Posted on 3/9/14 at 11:54 am to bonethug0108
quote:
2. Same as one. Someone said maybe a week but was unsure(Thrillho).
salary cap FAQ
quote:
So...what happens if a team goes over the Salary Cap?
Answer: The short answer is simply that NO team CAN go over the Salary Cap. Note that every contract must go through the NFL League Office before the deal can be made official. Presumably, one of the things the league must do at this time is determine whether or not the contract would violate the NFL's Salary Cap. If the deal does violate the cap, then the NFL will reject it.
If a team releases or trades a player and the signing bonus acceleration puts a team over the Salary Cap, the team will have seven days to conform with the Salary Cap. However, they may not sign any players until there is room to do so under the Salary Cap.
It doesn't specifically address the situation we are dealing with which is why I'm curious. I would hope it'd be treated as the same.
Posted on 3/9/14 at 11:55 am to bonethug0108
quote:
it would be extremely unfair to not get one and be immediately slammed since the league is the one that designated the tag as a TE tag
That puts my mind at ease. Goodell is usually is fair and forthcoming with our organization
Posted on 3/9/14 at 12:05 pm to Breesus
quote:Yes, the Fuhrer would never do anything to unfairly damage one organization to set an example to others and pretend like he cares about safety to the media.
That puts my mind at ease. Goodell is usually is fair and forthcoming with our organization
And yeah Zoltan(ZOLTAN!), I think the standard they use for stuff like this is a week but this has never happened before.
I imagine there is a possibility that if a grievance is filed they may put a hold on the potential cap space that could be taken up(or give us a week to get there if we don't have it), and that would be unfair but something I could see.
But until the grievance is at least filed, things would go about as normal.
This post was edited on 3/9/14 at 12:09 pm
Posted on 3/9/14 at 12:12 pm to bonethug0108
i thought everyone was under the impression that if we signed jimmy to a longterm deal his cap hit wouldnt be as bad this year
Posted on 3/9/14 at 12:14 pm to BlacknGold
They're talking about the tag. Not an actual contract
Posted on 3/9/14 at 12:15 pm to BlacknGold
If he keeps the TE tag, a long term deal has very minimal benefit(we save $1m, maybe $1.5m at the most given how large his signing bonus is likely to be).
It would actually benefit us to keep him on the tag so next year's hit is really low(assuming we sign him long term next year), and the year after is reasonable.
But if there is any adjustment to that number then yes a long term deal is ideal.
It would actually benefit us to keep him on the tag so next year's hit is really low(assuming we sign him long term next year), and the year after is reasonable.
But if there is any adjustment to that number then yes a long term deal is ideal.
This post was edited on 3/9/14 at 12:16 pm
Posted on 3/9/14 at 12:22 pm to Zoltan
If we cut Darren Sproles, the Saints would have 5.2 million in cap space and would just need about 500,000 to free up. That can easily by accomplished by releasing Pierre Thomas which would save us 2.9 million; not to mention the various restructuring that make sense (Brees, Grubbs, Evans).
Posted on 3/9/14 at 12:27 pm to bbrownso
quote:
If we cut Darren Sproles, the Saints would have 5.2 million in cap space and would just need about 500,000 to free up
This is true, but also assumes we don't sign any FAs which isn't going to happen. I'm sure the restructures would happen, and it would be irresponsible for them not to have some at the ready at present in case, it's just an interesting thing to consider how much this could affect things. If he gets the WR tag and we had to free up space through restructures only to later sign him to a long term deal it just erodes future cap space, which is pretty shitty all things considered even if it's players who will be sticking around anyways.
Posted on 3/9/14 at 12:37 pm to Zoltan
quote:It we do restructures to fit the larger tag and then do a long term deal and free up more space, we just roll it forward and it would be like we didn't do the restructures at all(unless we want to cut said player later).
If he gets the WR tag and we had to free up space through restructures only to later sign him to a long term deal it just erodes future cap space, which is pretty shitty all things considered even if it's players who will be sticking around anyways.
So it would have minimal effect in that sense.
Posted on 3/9/14 at 1:38 pm to Zoltan
Well free agency doesn't open until Tuesday morning so hopefully we'll know Monday afternoon how things will turn out. Pretty sure the idea was Jimmy Graham was going for an expedited ruling to get this figured out before free agency started.
Posted on 3/9/14 at 1:59 pm to bbrownso
He never filed so the process hasn't started.
For now he remains on the TE tag for $7m.
For now he remains on the TE tag for $7m.
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