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Started By
Message
Cap update: ~$2m over, Will Smith update: still fat
Posted on 2/27/13 at 5:50 pm
Posted on 2/27/13 at 5:50 pm
So we were at $140m in mid January according to ESPN (most recent number I could find)
PFT thinks the cap could be just over $123m. So that's $17m over.
Thomas/Johnny Patrick saved us $3m, so that's $14m over.
Colston saved $3m, so that's $11m over.
Grubbs saved us $4m, so we're sitting right around $7m over the cap.
ETA: Evans saved $3m, so $4m now.
ETA2: Hawthorne converted his roster bonus into a signing bonus, saving $2m on the season.
ETA3: Bunkley restructure frees up $2.2m. I won't change the # in the title on account of Yasinska/Clayton figuring we're still about $3m over...
Cutting Will Smith would save us $8m on the season ($1m roster bonus + $9m base = $10m less the $2m accelerated roster bonus, which we could leave until next year should be choose to free up $10m). Cutting Vilma would free up just shy of $6m.
So without a Brees restructure (which will be inevitable within the next 2 offseasons), cutting Smith/Vilma and taking into account, say, $4m combined in draft pick and special teams/3rd string players, and $2m for DLP's 2nd round tender, we could very easily have $8m in legit FA spending money pretty soon.
PFT thinks the cap could be just over $123m. So that's $17m over.
Thomas/Johnny Patrick saved us $3m, so that's $14m over.
Colston saved $3m, so that's $11m over.
Grubbs saved us $4m, so we're sitting right around $7m over the cap.
ETA: Evans saved $3m, so $4m now.
ETA2: Hawthorne converted his roster bonus into a signing bonus, saving $2m on the season.
ETA3: Bunkley restructure frees up $2.2m. I won't change the # in the title on account of Yasinska/Clayton figuring we're still about $3m over...
Cutting Will Smith would save us $8m on the season ($1m roster bonus + $9m base = $10m less the $2m accelerated roster bonus, which we could leave until next year should be choose to free up $10m). Cutting Vilma would free up just shy of $6m.
So without a Brees restructure (which will be inevitable within the next 2 offseasons), cutting Smith/Vilma and taking into account, say, $4m combined in draft pick and special teams/3rd string players, and $2m for DLP's 2nd round tender, we could very easily have $8m in legit FA spending money pretty soon.
This post was edited on 3/4/13 at 3:21 pm
7
Posted on 2/27/13 at 5:53 pm to THRILLHO
quote:
Smith/ Vilma
Nah na na na
Nah na na na
Hey hey hey
Goodbye
Posted on 2/27/13 at 5:54 pm to THRILLHO
It's not quite that simple. There are accelerators and things that increase the cap based on Top 51 salaries on the roster, etc.
Posted on 2/27/13 at 5:54 pm to THRILLHO
Posted on 2/27/13 at 5:55 pm to THRILLHO
More now with an Evans restructure. They probably will sign someone who will be a contributor, but I just want to be cautious as I don't want too spend too much on someone that's not worth the $$ and Jimmy still needing a contract soon
Posted on 2/27/13 at 5:58 pm to chrisksaint
Evans, Grubbs,Hawthorne all restructure. Loomis is busy.
Posted on 2/27/13 at 5:59 pm to THRILLHO
Aren't newly drafted players not factored into the cap for 2013 so that wouldn't matter? Could be wrong just what I thought.
Posted on 2/27/13 at 6:02 pm to Zoltan
Based on the numbers being rumored with all the restructures, I think we are under the cap (or extremely close). Biomass and Smith will give us some room for actual re-signings and FA.
Posted on 2/27/13 at 6:06 pm to Fun Bunch
quote:
There are accelerators and things
I already took that into account. Vilma is on the last year of his deal so there's no acceleration, just $4.8m base, $1.1m roster bonus, so that's an easy one to figure out. I mentioned the choice of taking the $2m accelerated signing bonus hit this year or pushing into next (designating him as a post June 1st cut).
quote:
Top 51 salaries on the roster
I'm aware, pretty sure ESPN takes that into account when they give the cap hit. Way too much work to figure out the exact cap hit of the top 51 alone, or even checking how many players are on the roster right now. I factored in a couple million for filler, so if anything there would be a bit more playing around money.
Posted on 2/27/13 at 6:26 pm to THRILLHO
@LaSportsDude: @RoSpitta Alright, after finding everything I could it looks like the Saints are still $3.5 million over the cap.
Which isn't bad cause with Harper, Smith, and vilma we should be in good shape
Which isn't bad cause with Harper, Smith, and vilma we should be in good shape
Posted on 2/27/13 at 6:28 pm to 504hornets
Harper has to restructure.
Posted on 2/27/13 at 6:29 pm to Patrick O Rly
Cut roman and will and pay jimmy
Posted on 2/27/13 at 6:31 pm to Chad504boy
I like this first name basis thing Chadwick
Posted on 2/27/13 at 6:34 pm to Rickety Cricket
Sticky coming. Gonna unsticky that shitty datty thread too.
Posted on 2/27/13 at 6:35 pm to Breesus
Nah na na na
Nah na na na
Hey hey hey
Goodbye
Looks like it.
Thank God.
Nah na na na
Hey hey hey
Goodbye
Looks like it. quote:
Gonna unsticky that shitty datty thread too.
Thank God.
This post was edited on 2/27/13 at 6:37 pm
Posted on 2/27/13 at 6:42 pm to Fun Bunch
quote:
Biomass and Smith
What?
Posted on 2/27/13 at 6:46 pm to goatmilker
Imma miss it.
Posted on 2/27/13 at 6:52 pm to Zoltan
quote:
Aren't newly drafted players not factored into the cap for 2013 so that wouldn't matter? Could be wrong just what I thought.
They aren't considered part of the cap yet, if that's what you're asking. I was just considering their eventual cost once we draft them. If you're asking if rookie wages never count against the cap, they certainly do. Based on Bruce Irvin's contract (15th pick), our first rounder will cost just over $2m and the 3rd through 6th round picks will probably make it an even $3m or so since a few are guaranteed to not be among the aforementioned top 51 earners.
Posted on 2/27/13 at 7:12 pm to THRILLHO
Getting there.
Roman, you're next.
-Bill Goldberg
Roman, you're next.
-Bill Goldberg
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