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re: Cam Jordan reworking his deal to save 10 mil against the cap

Posted on 3/13/23 at 11:05 am to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423363 posts
Posted on 3/13/23 at 11:05 am to
quote:

Adam Schefter of ESPN reports that Jordan and the Saints have agreed to alterations that will create $10 million in cap space. Jordan had a base salary of $13 million in the final year of his current pact, but there are three void years to spread out the cap hit.


Serious question (I'm assuming OTC and Sportsrac aren't up to date right now. How do these extra void years affect his void year in 2023?

His cap hit for next year was 12,749,250, based on the remaining pro-ration from his old deal and all the restructures. Is this hit combined with the new bonus and all of that is spread out over the entire new deal, or is this hit separate from the new proration? That would make his cap hit next year from dead money something like $16M

*ETA: if the "three void years" the article references are the ones he already had, wouldn't this push his 2024 cap hit (when he had no contract) to $25M+?
This post was edited on 3/13/23 at 11:07 am
Posted by Hester Carries
Member since Sep 2012
22481 posts
Posted on 3/13/23 at 11:10 am to
quote:

of his current pact,


Is this some new internet-hive-mind thing to refer to contracts as “pacts” all of a sudden. I’ve seen it like 5 times today after never seeing it before in this context.

Is it some woke bullshite? Or just run of the mill hipster/sportswriter goobertalk like “that tracks”?
Posted by Weekend Warrior79
Member since Aug 2014
16453 posts
Posted on 3/13/23 at 11:31 am to
Compairng OTC (which is usually late in reporting) to spotrac, it looks like he added a year in 2024. spotrac shows a base salary of $5.2M in 2024, and OTC has his contract expiring in 2023.

If this is the case, then his cap hits will be:
2023: $15.4M
2024: $15.3M
2025: $12.6M

Screenshots in case things change. 1st one is spotrac, 2nd is OTC



OTC now updated without 2024 and shows cap hits of $15.1M in 2023, and $23.3M in 2024. If this is the case, hopefully it's because he wants to retire and he does something similar to what Brees did to let the team spread that cap hit over 2024 & 2025.
This post was edited on 3/13/23 at 11:38 am
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