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Restructuring Carr's contract.....

Posted on 2/27/25 at 8:27 pm
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
22534 posts
Posted on 2/27/25 at 8:27 pm
I’m not sure if this is right, but I was listening to some of the Saints talking heads on the radio yesterday while driving around. According to these guys on WWL radio, the Saints are looking at restructuring Carr's contract this year. According to them, he is going to be a $51 million salary cap hit this year if they do that.

However, here’s the kicker. If they restructure his contract this year, his dead money contract hit next year will be $69 million. as I recall, if they don’t restructure his dead money hit will only be $25 million next year. Therefore, we wouldn’t be able to get rid of him next year if Loomis restructures.

If Loomis is f*cking stupid enough to even allow the possibility that this f*cking clown Carr to be a $69 million hit on next year salary cap, he has got to f*cking go. It’s long past time that somebody in this organization, just admit that Carr's signing was a complete f*cking catastrophe and take the hit now so that we can start the rebuilding process. Otherwise, we’re going to be in salary cap f*cking hell for eternity.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
452011 posts
Posted on 2/27/25 at 8:41 pm to
quote:

If they restructure his contract this year, his dead money contract hit next year will be $69 million.

Which is why he'll get an extension, not just a restructure
Posted by Chad504boy
4 posts
Member since Feb 2005
172396 posts
Posted on 2/27/25 at 8:45 pm to
Extend or cut
Posted by High Life
Member since Dec 2014
3103 posts
Posted on 2/27/25 at 8:57 pm to
quote:

just admit that Carr's signing was a complete f*cking catastrophe and take the hit now so that we can start the rebuilding process.


That’s the problem. The face painters can’t admit this. They will defend Mickey to the grave. Carr will get an extension
Posted by Geauxldilocks
Member since Aug 2018
4123 posts
Posted on 2/27/25 at 9:35 pm to
quote:

Carr will get an extension


Yup, and watch that cap room in 27 all the face painters have been jerking off to go poof.
Posted by Rand AlThor
Member since Jan 2014
9865 posts
Posted on 2/27/25 at 9:36 pm to
quote:

Therefore, we wouldn’t be able to get rid of him next year if Loomis restructures.


Yes, we are basically stuck with him for 25 & 26 if we do another restructure
Posted by htran90
BC
Member since Dec 2012
31453 posts
Posted on 2/27/25 at 10:12 pm to
The reality is, you don't have to restructure this entire contract either (borrowing from future years).

Whatever cap space you can always just carry over into 2026 at least
Posted by TigerBait2008
Boulder,CO
Member since Jun 2008
35681 posts
Posted on 2/27/25 at 10:30 pm to
My god you're a dumbfrick..
This post was edited on 2/27/25 at 10:31 pm
Posted by Yippie_Ky_yae
Member since Jun 2019
4250 posts
Posted on 2/27/25 at 10:36 pm to
quote:

If Loomis is f*cking stupid


What do you mean IF?
Posted by moneyg
Member since Jun 2006
59512 posts
Posted on 2/27/25 at 10:44 pm to
quote:

The reality is, you don't have to restructure this entire contract either (borrowing from future years).

Whatever cap space you can always just carry over into 2026 at least



What do you mean? Can you elaborate?
Posted by MMauler
Primary This RINO Traitor
Member since Jun 2013
22534 posts
Posted on 2/28/25 at 2:14 am to
quote:

What do you mean IF?


I definitely stand corrected. My bad.
Posted by Geauxldilocks
Member since Aug 2018
4123 posts
Posted on 2/28/25 at 6:09 am to
quote:

My god you're a dumbfrick..


If you have a brain try to use it occasionally with an attempt of opinion. Plagiarize Chat GPT if you don’t know where to start.

All you know is calling names to anyone critical of a poorly run team. Sounds like a dumbfrick to me, sorry about your sub 100 IQ.
Posted by gsmith5651
Member since Feb 2016
487 posts
Posted on 2/28/25 at 9:21 am to
So Quinn Ewers played with a torn oblique, but OUR sissy boy sat out multiple games
Posted by St Stooge
Member since Feb 2017
370 posts
Posted on 2/28/25 at 11:00 am to
If you restructure him this year he can be a post June 1 cut next year to spread that cap hit into ‘27. I was onboard with cutting ties with him this year, but then that likely means restructuring a lot of old guys like Cam and Demario. So it’s a pick your poison kind of deal.
Posted by htran90
BC
Member since Dec 2012
31453 posts
Posted on 2/28/25 at 1:27 pm to
quote:

What do you mean? Can you elaborate?


Let's say you have a base salary of 32mil.

You can restructure all 30 (leaving 2mil base) and convert it to a signing bonus to spread it out over potentially 5 years. Effectively hitting 6mil a yr instead of 30mil at once.

You however don't have to restructure all 30.

Also whatever cap space you do have this year, you can roll it over in future years as well. Some teams carried over 10mil+ last year into this year for example.
Posted by Chad504boy
4 posts
Member since Feb 2005
172396 posts
Posted on 2/28/25 at 1:32 pm to
yes we can over restructure several contracts and still choose to carry over unused space into next year but it gives us flexibility.
Posted by moneyg
Member since Jun 2006
59512 posts
Posted on 2/28/25 at 2:22 pm to
quote:

Let's say you have a base salary of 32mil.

You can restructure all 30 (leaving 2mil base) and convert it to a signing bonus to spread it out over potentially 5 years. Effectively hitting 6mil a yr instead of 30mil at once.

You however don't have to restructure all 30.

Also whatever cap space you do have this year, you can roll it over in future years as well. Some teams carried over 10mil+ last year into this year for example.



Right.

But, as it relates to the Carr situation, how does this apply? I was trying to undersand what you are suggesting could happen.

We are trying to find 47M and also need to sign our rookie class. If we decided to keep Carr and restructure, we are going to need all of that 30. And, given that we are 47M over right now, we aren't going to have much cap space remaining by the end of the offseason.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
70963 posts
Posted on 2/28/25 at 3:45 pm to
Loomis is not stupid no matter how much it feels good saying it.

He has a different plan for his FO. Stay employed.
This plan would not work with all owners.
Posted by TigerSaurus
Member since Apr 2024
903 posts
Posted on 2/28/25 at 5:15 pm to
Bottom Line…..

How many more years are we stuck with Carr if they extend/ restructure him for the 2025 Season ?

Thru 2026 ?
Thru 2027 ?
Thru 2028 ?
This post was edited on 2/28/25 at 5:18 pm
Posted by St Stooge
Member since Feb 2017
370 posts
Posted on 2/28/25 at 9:02 pm to
quote:

Bottom Line….. How many more years are we stuck with Carr if they extend/ restructure him for the 2025 Season ?


They can move on from him at any point now. We’ll eat some dead money, but we’ll have the cap space going forward to do that.
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