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$62mm over the 2023 cap

Posted on 12/7/22 at 10:59 pm
Posted by midcitycid
Member since Nov 2008
855 posts
Posted on 12/7/22 at 10:59 pm
tell me next year won't be an overhaul and complete rebuild. Gonna be a post June 1st fire sale. or is this board still all "in Loomis we trust?"
Posted by DVA Tailgater
Bunkie
Member since Jan 2011
2930 posts
Posted on 12/8/22 at 12:44 am to
If they were smart, they’d rip off the bandaid and start over.
Posted by burke985
UGANDA
Member since Aug 2011
24607 posts
Posted on 12/8/22 at 6:32 am to
quote:

If they were smart, they’d rip off the bandaid and start over.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71050 posts
Posted on 12/8/22 at 6:48 am to
Worst part is CantPlayMike is a massive amount of dead cap space whether we keep him or cut him.
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
30282 posts
Posted on 12/8/22 at 6:57 am to
They will make moves and probably restructure or extend to push money to 2025, where they have a ton of cap space. But I think they will have to try to offload some of it, they just can't afford to trade anyone who leaves behind a ton of cap burden going forward.

I think the idea has always been to kick the can down the road until it is small enough to tighten the belt for one season. If the Saints don't pursue any major free agents, it was looking like maybe 2025 was gonna be that year but who knows at this point.

Posted by Proximo
Member since Aug 2011
15552 posts
Posted on 12/8/22 at 7:04 am to
Cam Jordan has gotta go I think
This post was edited on 12/8/22 at 7:04 am
Posted by jmcwhrter
Member since Nov 2012
6562 posts
Posted on 12/8/22 at 7:07 am to
This is how it was always going to work...

The team continuously kicked the can while trading in draft chips to find the "missing piece" while Payton's window with Brees was open

Sean saw what he had without Brees last year, knew the cap situation was only going to get worse, and jumped ship.

It was amazing timing because now we have people saying "Payton should come back and fix this" or "now we know how good Sean was". It was Sean who created this current situation that we're in
Posted by mdomingue
Lafayette, LA
Member since Nov 2010
30282 posts
Posted on 12/8/22 at 7:15 am to
quote:

Cam Jordan has gotta go I think


I hate to see it, was hoping he could retire with the Saints. But at the end of the day, it is a business.
Posted by Big Jim Slade
Member since Oct 2016
4929 posts
Posted on 12/8/22 at 7:44 am to
quote:

restructure or extend to push money to 2025, where they have a ton of cap space


Historically yes, the players were willing to restructure to maintain the winning program and to give them a shot at a ring. Plus I think they enjoyed playing for SP, the locker room was a good environment, and the community offered a great atmosphere . Let’s see how many are willing to do this for a flat team with a losing record.
Posted by Chad504boy
4 posts
Member since Feb 2005
166246 posts
Posted on 12/8/22 at 8:00 am to
quote:

Cam Jordan has gotta go I think



maybe. Extending at reasonable value and pushing his cap can work too. He's a team leader so we'll see. You just don't want to get stuck with a vet with a massive fallen production. Cam may not be elite but he's still a usually above average dependable player.
Posted by WhoDatNC
NC
Member since Dec 2013
11703 posts
Posted on 12/8/22 at 8:25 am to
Tear it down and start over. We suck now so it's the ideal time to do it.
Posted by Champagne
Already Conquered USA.
Member since Oct 2007
48346 posts
Posted on 12/8/22 at 8:36 am to
Begin trading all tradable assets in exchange for draft picks. ALL tradable player personnel assets, even Mama's favorite player, whomever that might be.
Posted by Weekend Warrior79
Member since Aug 2014
16370 posts
Posted on 12/8/22 at 8:40 am to
quote:

Gonna be a post June 1st fire sale.

Can’t wait that long, they have to be under the cap by mid March. They can release players and designate as post 6/01 cuts, but any player traded would have already had the contract reworked
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65667 posts
Posted on 12/8/22 at 8:41 am to
quote:

even Mama's favorite player, whomever that might be.
<——Me

ETA: Oh, you meant that figuratively. My bad.
This post was edited on 12/8/22 at 8:42 am
Posted by Rand AlThor
Member since Jan 2014
9436 posts
Posted on 12/8/22 at 9:01 am to
quote:

Gonna be a post June 1st fire sale


Definitely not the case.

We have to be cap compliant by the new league year (mid March). Post June 1 cuts don’t even give you cap relief until June 2. Also, you can only designate two cuts as June 1 cuts ahead of time.

Basically, with the way most of our contracts are structured, we can’t just cut players. We’ll basically recover no cap or even lose more with cuts. We’re going to have to kick the can more to actually be cap compliant. The front office is going to have to be really smart choosing who they do that with.
Posted by Weekend Warrior79
Member since Aug 2014
16370 posts
Posted on 12/8/22 at 9:23 am to
quote:

Basically, with the way most of our contracts are structured, we can’t just cut players. We’ll basically recover no cap or even lose more with cuts. We’re going to have to kick the can more to actually be cap compliant. The front office is going to have to be really smart choosing who they do that with.

This keeps getting repeated daily, but people just don't want to hear it. There is no quick fix, it will be a multi-year purge. There will be a lot of pissed off fans/threads when the team starts extending/restructuring contracts
Posted by DBG
vermont
Member since May 2004
71695 posts
Posted on 12/8/22 at 9:37 am to
We’re actually $53 million over for 2023 not $62 and we’re $31 million under for 2024 right now.

And in 2024 a lot of contracts become a lot more palatable to get rid of. We’ll be fine after next season from a cap perspective and I’m not even including the cap spike coming from the new tv deal.

We’ll have to rebuild the roster but we have the possibility to turn it around very quickly.
Posted by Weekend Warrior79
Member since Aug 2014
16370 posts
Posted on 12/8/22 at 10:04 am to
quote:

$31 million under for 2024 right now.

Not sure where you're getting that number, most sites I have seen are expecting the 2024 cap to be under $230M and the active contracts are $223M. But, regardless of that, there are 2 major factors overlooked in optimism that the team is $31M under the 2024 cap.

Whether it's $50M or $60M over in 2023, the team will need to push a lot of this to future years to get under in 2023. Also, in 2023 there are only 33 players under contract. So, not only will they need to reduce the current cap by the $50-60M for current salaries they need to make room for another ~30 players (20 to active, ~10 to PS).

And, when looking at the 2024 cap, there are only 21 players under contracts. So, it will need to absorb some of that money pushed forward from 2023, the 2nd year of any multi-year contracts signed in 2023, and then fill the remaining roster to get to ~60 players.
Posted by DBG
vermont
Member since May 2004
71695 posts
Posted on 12/8/22 at 10:11 am to
Over the cap has 38 players under contract and over $53 for 2023 and 30 and +$31 for 2024.

Regardless, there are some big number guys you feel comfortable restructuring like Lattimore, McCoy, and Ramczyk and guys like Ruiz and Werner that you want to sign long term and lower the cap hit in the short term. Then in 2024 you can really make some big moves.
Posted by Rand AlThor
Member since Jan 2014
9436 posts
Posted on 12/8/22 at 11:10 am to
quote:

And in 2024 a lot of contracts become a lot more palatable to get rid of.


This is true, but won't be as true once we get there. Some of the contracts that appear like palatable cuts in 2024 right now will get extended and restructured again to try to make us compliant for 2023, and they will lose some of their cut-feasibility. That's why I said earlier that it's very critical they choose moves for players that we definitely want to keep.
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