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Details on Saints-Emmanuel Sanders contract, salary cap space update
Posted on 4/8/20 at 6:20 pm
Posted on 4/8/20 at 6:20 pm
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The contract between the New Orleans Saints and wide receiver Emmanuel Sanders was processed earlier this week, with details on the agreement coming to light on Wednesday. Those included reports for what Sanders will count against the Saints salary cap not just in 2020, but in the following year — and the year after that.
Per NFL Network’s Mike Garafolo, Sanders received a fully-guaranteed $8 million for 2020, while he is due a non-guaranteed $8 million in 2021. An automatically-voided year for 2022 is also on the books, which is simply for salary cap accounting purposes. Sanders also agreed to $1.5 million incentives for receptions totals in 2020 and 2021.
Naturally, it’s a little more complicated than that. Nick Underhill of NewOrleans.Football reported that Sanders received a $6 million signing bonus (prorated across the next three years) as well as a guaranteed $2 million base salary in 2020. That means his first-year salary cap hit is just $4 million.
In 2021, however, his base salary jumps to $6 million. But it is not guaranteed — Sanders is due just $2 million in guarantees next year, from a roster bonus that was retroactively guaranteed shortly after the deal was signed. The long and short of it is that Sanders will count $10 million against the Saints salary cap in 2021, but the team can get out of that contract and save up to $6 million if things don’t work out. It’s early, but so far it sure looks like things will work out in everyone’s favor.
So, here’s what really matters. The Saints cap hits for Sanders in each of the next three seasons. Remember, the 2022 year in Sanders’ contract will automatically void, allowing him to test free agency again.
2020: $4 million
2021: $10 million
2022: $2 million
That’s a very good deal, all things considered. Sanders figures to contribute heavily in the Saints passing game as a compliment to Michael Thomas out wide, but his versatile route tree should allow the Saints to deploy the veteran from the slot, too. With running back Alvin Kamara and tight end Jared Cook also in the lineup, Drew Brees shouldn’t lack for options on passing downs. And we haven’t even gotten into a very talented draft class at wide receiver yet.
But let’s not get too far ahead of ourselves. This update puts the Saints at roughly $6.09 million in cap space for 2020, but a few other deals need to be processed. That includes a one-year, $2 million agreement with cornerback P.J. Williams, which on its surface should be a simple $2 million cap scharge in 2020. But as we’ve seen often before, the Saints are open to creatively navigating the salary cap, so Williams could very well be due less this season. We’ll stick with our $6.09 million estimate for now, but it’s important to remember that’s not final.
Additionally, the Saints will have to pay their rookie class once their picks are filed. The good news is that they already know how much those additions will cost, and can factor it into the existing salary cap space figure. Right now, the Saints draft class will only cost about $5.2 million, but any new contracts will bump less-valuable deals off of the books (thanks to the league’s top 51 rule).
If you’re still with us: signing the Saints draft class will only add about $1.87 million onto their salary cap numbers, unless they trade any of their picks. Good thing they don’t have an extensive history of doing that, right?
The contract between the New Orleans Saints and wide receiver Emmanuel Sanders was processed earlier this week, with details on the agreement coming to light on Wednesday. Those included reports for what Sanders will count against the Saints salary cap not just in 2020, but in the following year — and the year after that.
Per NFL Network’s Mike Garafolo, Sanders received a fully-guaranteed $8 million for 2020, while he is due a non-guaranteed $8 million in 2021. An automatically-voided year for 2022 is also on the books, which is simply for salary cap accounting purposes. Sanders also agreed to $1.5 million incentives for receptions totals in 2020 and 2021.
Naturally, it’s a little more complicated than that. Nick Underhill of NewOrleans.Football reported that Sanders received a $6 million signing bonus (prorated across the next three years) as well as a guaranteed $2 million base salary in 2020. That means his first-year salary cap hit is just $4 million.
In 2021, however, his base salary jumps to $6 million. But it is not guaranteed — Sanders is due just $2 million in guarantees next year, from a roster bonus that was retroactively guaranteed shortly after the deal was signed. The long and short of it is that Sanders will count $10 million against the Saints salary cap in 2021, but the team can get out of that contract and save up to $6 million if things don’t work out. It’s early, but so far it sure looks like things will work out in everyone’s favor.
So, here’s what really matters. The Saints cap hits for Sanders in each of the next three seasons. Remember, the 2022 year in Sanders’ contract will automatically void, allowing him to test free agency again.
2020: $4 million
2021: $10 million
2022: $2 million
That’s a very good deal, all things considered. Sanders figures to contribute heavily in the Saints passing game as a compliment to Michael Thomas out wide, but his versatile route tree should allow the Saints to deploy the veteran from the slot, too. With running back Alvin Kamara and tight end Jared Cook also in the lineup, Drew Brees shouldn’t lack for options on passing downs. And we haven’t even gotten into a very talented draft class at wide receiver yet.
But let’s not get too far ahead of ourselves. This update puts the Saints at roughly $6.09 million in cap space for 2020, but a few other deals need to be processed. That includes a one-year, $2 million agreement with cornerback P.J. Williams, which on its surface should be a simple $2 million cap scharge in 2020. But as we’ve seen often before, the Saints are open to creatively navigating the salary cap, so Williams could very well be due less this season. We’ll stick with our $6.09 million estimate for now, but it’s important to remember that’s not final.
Additionally, the Saints will have to pay their rookie class once their picks are filed. The good news is that they already know how much those additions will cost, and can factor it into the existing salary cap space figure. Right now, the Saints draft class will only cost about $5.2 million, but any new contracts will bump less-valuable deals off of the books (thanks to the league’s top 51 rule).
If you’re still with us: signing the Saints draft class will only add about $1.87 million onto their salary cap numbers, unless they trade any of their picks. Good thing they don’t have an extensive history of doing that, right?
This post was edited on 4/8/20 at 6:21 pm
5
Posted on 4/8/20 at 6:31 pm to GMoney2600
Nice deal I think.
Posted on 4/8/20 at 10:58 pm to GMoney2600
Super nice deal
The fact that they can even get out of it adds nice protection
The fact that they can even get out of it adds nice protection
Posted on 4/9/20 at 8:03 am to GMoney2600
How many other teams do these voided years? It helps to spread cap space out, but it also adds to the total money spent when you get to that year in dead money for players not on your team thus your taking away from your cap space. Whether you look at it as good or bad, I'm surprised the NFL even allows, especially since the Saints do it lol
Posted on 4/9/20 at 10:09 am to Doug_H
The fact is the guarantees will be paid regardless of what year, and adding to future years is better than spending in current since the cap is constantly rising.
Now there comes a point at which your guarantees may start to rub a little high on the cap, but you can again aleviate that by restructuring players you plan on keeping long term. You aren't actually giving them more money, so it isn't costing more to do so. It just changes when the money hits the cap.
The ONLY time this backfired is when we had traded Jimmy and then also had to unexpectedly cut Galette. It's never actually stopped us from resigning who we wanted to keep or pursuing the FAs we wanted outside that year.
The only thing you need to watch with this type of cap management is how much you have in guarantees each year. As long as you don't go overboard you can always respread some money.
Edit:
This is especially the right thing to do for this team right now since we are year to year with Brees. I imagine if we do take a step back when he leaves we'll try to cut back the spending and retool the year after.
Now there comes a point at which your guarantees may start to rub a little high on the cap, but you can again aleviate that by restructuring players you plan on keeping long term. You aren't actually giving them more money, so it isn't costing more to do so. It just changes when the money hits the cap.
The ONLY time this backfired is when we had traded Jimmy and then also had to unexpectedly cut Galette. It's never actually stopped us from resigning who we wanted to keep or pursuing the FAs we wanted outside that year.
The only thing you need to watch with this type of cap management is how much you have in guarantees each year. As long as you don't go overboard you can always respread some money.
Edit:
This is especially the right thing to do for this team right now since we are year to year with Brees. I imagine if we do take a step back when he leaves we'll try to cut back the spending and retool the year after.
This post was edited on 4/9/20 at 10:14 am
Posted on 4/9/20 at 10:12 am to GMoney2600
Checking OTC we should be right near the cap when considering PJ, Tom, rookies, players 52 and 53, and the practice squad.
Any other moves we make would need to be for minimum salary or we'd have to adjust someone's contract.
Any other moves we make would need to be for minimum salary or we'd have to adjust someone's contract.
Posted on 4/9/20 at 10:15 am to GMoney2600
Do we even lose a game this year?
This post was edited on 4/9/20 at 10:24 am
Posted on 4/10/20 at 8:31 pm to Ancient Astronaut
Big big big pick up I think
Posted on 4/11/20 at 3:33 pm to TutHillTiger
i agree.
I think he will be a good fit.
i wondered about his age at first but then i thought about why i question the moves the Saints make.
it is just a habit.
part of being a fan i guess.
I think we will actually get a lot out of him moreso than what the 49ers did recently. He went off vs. the Saints last year and then went on to have just modest numbers beyond that.
I think he will be a good fit.
i wondered about his age at first but then i thought about why i question the moves the Saints make.
it is just a habit.
part of being a fan i guess.
I think we will actually get a lot out of him moreso than what the 49ers did recently. He went off vs. the Saints last year and then went on to have just modest numbers beyond that.
Posted on 4/11/20 at 3:51 pm to Ancient Astronaut
quote:
Do we even lose a game this year?
no
This post was edited on 4/11/20 at 3:52 pm
Posted on 4/11/20 at 4:15 pm to bonethug0180
quote:
The ONLY time this backfired is when we had traded Jimmy and then also had to unexpectedly cut Galette. It's never actually stopped us from resigning who we wanted to keep or pursuing the FAs we wanted outside that year.
If I remember properly, if we had cut galette earlier than we actually did, a think a solid chunk of money wasn't guaranteed... That probably wouldn't have been that bad if we did it sooner.
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