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How did Saints get $26M under cap?

Posted on 3/20/22 at 9:37 am
Posted by Stamps74
Member since Nov 2017
1522 posts
Posted on 3/20/22 at 9:37 am
Missed that. Also with armstread $13M hit I’m lost at under.
Posted by DeathValley85
Member since May 2011
19189 posts
Posted on 3/20/22 at 9:40 am to
Restructured errbody
Posted by LSUBALLER
Louisiana
Member since Jul 2013
21548 posts
Posted on 3/20/22 at 9:40 am to
Armstead didn’t sign . Trolling or been under a rock?
Posted by LSUBALLER
Louisiana
Member since Jul 2013
21548 posts
Posted on 3/20/22 at 9:41 am to
Years from now we may need to cut down to 50 man roster to pay off all these pushed back salaries!
Posted by Shameless
Member since Jan 2017
915 posts
Posted on 3/20/22 at 9:41 am to
quote:

Armstead didn’t sign . Trolling or been under a rock?


Dead cap hit
Posted by LSUBALLER
Louisiana
Member since Jul 2013
21548 posts
Posted on 3/20/22 at 9:42 am to
Explain please
Posted by DeathValley85
Member since May 2011
19189 posts
Posted on 3/20/22 at 9:44 am to
quote:

Armstead didn’t sign . Trolling or been under a rock?


OP is right

Armstead didn’t re-sign in time to avoid $13M in dead money
Posted by msstate7
Member since Oct 2014
12614 posts
Posted on 3/20/22 at 9:45 am to
So with the dead cap hit, does it make more sense to sign him?
Posted by hsfolk
Member since Sep 2009
19267 posts
Posted on 3/20/22 at 9:46 am to
doesn't matter, will still have the cap hit regardless
Posted by DeathValley85
Member since May 2011
19189 posts
Posted on 3/20/22 at 9:49 am to
I’d guess whatever deal they work they try to make this years cap hit small.
Posted by Stamps74
Member since Nov 2017
1522 posts
Posted on 3/20/22 at 9:53 am to
Neither . Was keeping up when close to even on cap, then boom saw $26M under
—-
Saw another reply, ok I’m not crazy, $13M from Armstead. Last saw board and Nick U said still not under, then $13M dead added, now way under but I didn’t see anymore restructures…
This post was edited on 3/20/22 at 9:56 am
Posted by LSUPilot07
Member since Feb 2022
8572 posts
Posted on 3/20/22 at 10:21 am to
Khai Harley. That’s all you need to know.
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
76309 posts
Posted on 3/20/22 at 11:24 am to
Posted by Relham10
Ridge
Member since Jan 2013
21185 posts
Posted on 3/20/22 at 11:41 am to
Turning it all into signing bonus when restructuring player contacts. Seems to be our go to move
Posted by TigerProphet
Thibodaux, La.
Member since Jan 2021
4232 posts
Posted on 3/20/22 at 2:11 pm to
Mickey a foo foo!!
Posted by Hamma1122
Member since Sep 2016
22287 posts
Posted on 3/20/22 at 4:32 pm to
Kicked the can down the road
This post was edited on 3/20/22 at 4:33 pm
Posted by PuddinheadSr
Member since May 2016
283 posts
Posted on 3/20/22 at 7:21 pm to
Actually, a fair number of the restructurings are paying now rather than kicking the can. If Gayle is willing to OK shelling out the cash now, converting salary to signing bonus allows the contract to be more front loaded, albeit with the signing bonus hit spread out over the length of the contract.
Posted by noonan
Nassau Bay, TX
Member since Aug 2005
37013 posts
Posted on 3/21/22 at 8:22 am to
quote:

Saints have restructured the contracts of DeMario Davis, Taysom Hill, Malcolm Jenkins and Bradley Roby to create $29.9M in cap space


Link about Saints making room to try to get DeSean.

Posted by rt3
now in the piney woods of Pineville
Member since Apr 2011
147069 posts
Posted on 3/21/22 at 12:18 pm to
Loomis can cook books better than any politician in history... and that's saying something
Posted by Hamma1122
Member since Sep 2016
22287 posts
Posted on 3/21/22 at 12:25 pm to
Doesn’t take a mental giant to do what he’s doing
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