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Does Brees restructure contract to provide cap relief?
Posted on 3/12/14 at 10:28 am
Posted on 3/12/14 at 10:28 am
With the signing of Byrd, more impact players needed and the signing of the rookies, does anyone think Loomis goes to Brees to restructure his contract to provide cap relief?
If Brees wants to win another championship I think he knows his contract is killing the team and it will ultimately result in him having no offensive line and he will get injured eventually. Thoughts?
If Brees wants to win another championship I think he knows his contract is killing the team and it will ultimately result in him having no offensive line and he will get injured eventually. Thoughts?
8
Posted on 3/12/14 at 10:28 am to irvchilichill1
We need a sticky.
no he won't
why you ask?
because it'd make his contract even worse for the next few years and the savings aren't too much.
expect a restructure in '15
no he won't
why you ask?
because it'd make his contract even worse for the next few years and the savings aren't too much.
expect a restructure in '15
Posted on 3/12/14 at 10:30 am to irvchilichill1
Well said. Bress is a leader and a winner he knows whats best for his troops. The look he had after the Seahawks game I think he knows what time it is.
Posted on 3/12/14 at 10:33 am to irvchilichill1
Posted on 3/12/14 at 10:37 am to irvchilichill1
As htran said, No, he won't, this year.
It does no good and actually hurts us. NEXT YEAR, it helps us to restructure him at that time.
It does no good and actually hurts us. NEXT YEAR, it helps us to restructure him at that time.
Posted on 3/12/14 at 10:52 am to irvchilichill1
It's always been understood that he'd restructure 4 yrs into his contract, if I'm not mistaken.
Posted on 3/12/14 at 10:55 am to irvchilichill1
Restructure does not mean "Take Less Money." People need to start realizing this. When a players restructures, he isn't sacrificing anything in anyway. All he is doing is turning already guaranteed money into a signing bonus in order to help manipulate the books. This won't happen this season with Brees, because it's not beneficial to the team to do so. It will be either next season or the following when his cap number rockets, and he will do it
Posted on 3/12/14 at 11:28 am to Midget Death Squad
quote:
People need to start realizing this. When a players restructures, he isn't sacrificing anything in anyway. All he is doing is turning already guaranteed money into a signing bonus in order to help manipulate the books
I get that part, but can you explain to me why a team would not restructure every big contract after one year to free up cap space? Seems like an easy way to Get around this
Posted on 3/12/14 at 11:35 am to Midget Death Squad
quote:
Restructure does not mean "Take Less Money." People need to start realizing this. When a players restructures, he isn't sacrificing anything in anyway. All he is doing is turning already guaranteed money into a signing bonus in order to help manipulate the books. This won't happen this season with Brees, because it's not beneficial to the team to do so. It will be either next season or the following when his cap number rockets, and he will do it
I came in here to post this. I so sick of people saying certain players need to restructure after every season acting like they dont want to.
EVERY single player wants to restructure trust me. I can pay you over 4 yrs, or give you a check now; you're dumb if you don't take the cash. Just like the lottery trick to have more money over 15 yrs or whatever rather than lump sum. The lump sum is a much much much better decision bc you can get a higher rate of return on the cash upfront than what those checks will net by the end of the term. It's simple math. Of course this doesn't hold true if you just expense all the money right away.
I mean someone calls into wwl every day and comments about restructures without a clue how it works; and bobby and deke entertain it and I want to rip my radio out.
The tricky part about restructures is that the team only wants to do it if they are fricking certain that player will be there for awhile, bc they will be on the books for a LONG time. (I believe you are allowed a 10 yr period to spread out bonuses?)
ETA: sry my tone is so harsh
This post was edited on 3/12/14 at 11:40 am
Posted on 3/12/14 at 12:09 pm to htran90
quote:We actually save about $9m on the cap if fully restructured.
the savings aren't too much
But the catch is that it makes doing an extension with him next year more difficult. So as said I highly doubt we touch him this year.
Evans, Grubbs, and Colston(whichever one(s) they feel will be here the longest) are the best candidates to clear more space.
Lofton and Lewis are also options but both only give about $2m. In Lewis' case though he isn't going anywhere so if we need money we should do him first.
Posted on 3/12/14 at 12:11 pm to Midget Death Squad
quote:It's actually the non guaranteed base salary that gets converted.
All he is doing is turning already guaranteed money into a signing bonus in order to help manipulate the books.
Posted on 3/12/14 at 12:14 pm to Midget Death Squad
quote:
Restructure does not mean "Take Less Money." People need to start realizing this
But....wait....didn't Tom Brady take less so he could give more to kids with poor hair syndrome?
I think he's almost broke?
Posted on 3/12/14 at 12:14 pm to irvchilichill1
Honest question:
DO you know what a restructure is?
Because is doesnt mean pay cut or renegotiation, so
restructuring doesnt solve the amount issue.
U no know what u talk about
DO you know what a restructure is?
Because is doesnt mean pay cut or renegotiation, so
quote:
his contract is killing the team and it will ultimately result in him having no offensive line and he will get injured eventually.
restructuring doesnt solve the amount issue.
quote:
Thoughts?
U no know what u talk about
Posted on 3/12/14 at 12:39 pm to Midget Death Squad
Doesn't the bonus still going against the CAP? I think with the bonus you just get an option of how you want to split that payment up.
Brees SAID HE WOULD RESTRUCTURE to help the team, so apparently the front office doesn't believe this is the time to ask him to restructure.
Brees SAID HE WOULD RESTRUCTURE to help the team, so apparently the front office doesn't believe this is the time to ask him to restructure.
Posted on 3/12/14 at 12:41 pm to irvchilichill1
quote:
Thoughts?
Take the Capology 101 class
Posted on 3/12/14 at 12:49 pm to airbornetiger
quote:
Doesn't the bonus still going against the CAP? I think with the bonus you just get an option of how you want to split that payment up.
Exactly, which intrinsically means you want to spread it out over a longer period of time than it would have been otherwise.
Brees will want to restructure yesterday, today, and tomorrow. So does every other player on a roster anywhere because it is good for the player to get restructured.
This post was edited on 3/12/14 at 12:53 pm
Posted on 3/12/14 at 1:18 pm to Wooly
quote:
why a team would not restructure every big contract after one year to free up cap space? Seems like an easy way to Get around this
because contracts now are backloaded in order to create a low cap figure the first 2-3 yrs. The final 3+ yrs are then bloated with a huge cap count. In Brees' case, his cap hit was $10.4 (2012), $17.4 (2013) and $18.4 this year. Next year it jumps to $26.4. This is when the restructure would happen, because this is when the numbers jump and would be most beneficial.
Me personally, I don't like the process at all. It essentially creates a bad cap situation down the line. They hope that a combination of increased cap and restructuring future players will allow them to take the eventual hit, but the can can only be kicked so far. At some point, we will be where Dallas and Washington have been the last couple of years.
Posted on 3/12/14 at 1:21 pm to Midget Death Squad
quote:
When a players restructures, he isn't sacrificing anything in anyway
sometimes, not always
Posted on 3/12/14 at 1:22 pm to Wooly
quote:
but can you explain to me why a team would not restructure every big contract after one year to free up cap space?
because the signing bonus pro-ration just keeps getting larger and larger and your bubble will pop
Posted on 3/12/14 at 1:24 pm to Midget Death Squad
quote:
At some point, we will be where Dallas and Washington have been the last couple of years.
absolutely...especially after we sign graham
but this team basically implodes when drew declines. we're "all in" for the present
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