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How do trades affect the cap of each team if there are voidable years left?
Posted on 11/5/24 at 8:19 am
Posted on 11/5/24 at 8:19 am
With all the restructuring, aren’t Latt and Young basically the only vets we can realistically move today? I’m sure there are a few more that nobody would want, but we couldn’t trade Carr (if hypothetically there was a market for him) or AK after his new deal, no?
I’m not suggesting we trade or keep anyone in this thread, just trying to understand how signing bonuses/voidable years, etc…affect each team’s cap. It’s the NFL, I know it can’t be as simple as they just take on the remaining part of the contract.
I’m not suggesting we trade or keep anyone in this thread, just trying to understand how signing bonuses/voidable years, etc…affect each team’s cap. It’s the NFL, I know it can’t be as simple as they just take on the remaining part of the contract.
2
Posted on 11/5/24 at 8:24 am to Hot Carl
Any bonuses paid out, yet still have not counted against the cap must count against the cap after the trade. For in season traded, those bonus funds would hit the following year cap (2025).
There would be no change in the impact for a player like Chase Young as he’s already expected to have a $9M cap hit due to voided years.
However, a player like Latt would require the bonus funds originally expected to be spread through 2027 to all hit the cap in 2025. Which would have a minimal impact as his 2025 cap number would go from $31.4M to $31.66M. Only “negative” is Loomis can’t manipulate the 2025 cap number once/if traded
There would be no change in the impact for a player like Chase Young as he’s already expected to have a $9M cap hit due to voided years.
However, a player like Latt would require the bonus funds originally expected to be spread through 2027 to all hit the cap in 2025. Which would have a minimal impact as his 2025 cap number would go from $31.4M to $31.66M. Only “negative” is Loomis can’t manipulate the 2025 cap number once/if traded
Posted on 11/5/24 at 8:34 am to Weekend Warrior79
Anyone trading for Lattimore will have to take on a good portion of his contract. Which will also minimize the draft compensation they get for him.
Posted on 11/5/24 at 8:37 am to Weekend Warrior79
quote:
Any bonuses paid out, yet still have not counted against the cap must count against the cap after the trade. For in season traded, those bonus funds would hit the following year cap (2025).
There would be no change in the impact for a player like Chase Young as he’s already expected to have a $9M cap hit due to voided years. However, a player like Latt would require the bonus funds originally expected to be spread through 2027 to all hit the cap in 2025. Which would have a minimal impact as his 2025 cap number would go from $31.4M to $31.66M. Only “negative” is Loomis can’t manipulate the 2025 cap number once/if traded
I think I’m more confused now than I was before.
Posted on 11/5/24 at 8:38 am to RawDog7984
quote:
Anyone trading for Lattimore will have to take on a good portion of his contract. Which will also minimize the draft compensation they get for him.
Agree, and if it helps the cap and allowable I’d be for it to trade Latt and majority of that bonus money for a 6th or 7th and let the new team take the cap hit. I just don’t know how that works since the Saints already spent the money, and are just spreading it over 5 years because they can and had to for cap purposes
Posted on 11/5/24 at 8:39 am to Hot Carl
quote:
How do trades affect the cap of each team if there are voidable years left?
Whatever bonuses haven't been accounted for on the cap are accelerated and hit our cap this year (the term now is often "dead money" which also includes future guarantees).
That's why I've yet to have it explained how we can trade Lattimore without clearing out a ton of cap room, first.
Posted on 11/5/24 at 8:39 am to Weekend Warrior79
quote:
all hit the cap in 2025.
Why would it hit in 2025 if the 2025 league year doesn't start until June 1?
Posted on 11/5/24 at 8:45 am to SlowFlowPro
quote:
Why would it hit in 2025 if the 2025 league year doesn't start until June 1?
Because it would be a post 6/01/24 trade. That would allow them to only count this year's portion on the books for 2024, and the future bonuses would then further stockpile the dead money in 2025
Posted on 11/5/24 at 9:38 am to Weekend Warrior79
Only adds about $250k for the 2025 cap while clearing nearly $30mm for 2026. That’s per the OTC cap calculator.
From Sigler/Underhill earlier this year:
From Sigler/Underhill earlier this year:
quote:
This restructure reduced his salary cap hit from $25.6 million to $14.6 million. If Lattimore is traded before June 1 (opening the door for compensation in 2024 draft picks), the Saints would have to pay more than $30.4 million in dead money while he’s playing for another team. If the draft pick compensation is strong enough it might make sense.
But if they wait until June 2, they would only pay $13.4 million in dead money in 2024 and roughly $20.8 million in 2025. That’s much easier to work with. The Saints carried a combined $21.7 million in dead money for David Onyemata, Marcus Davenport, and Malcolm Jenkins this year.
This post was edited on 11/5/24 at 9:47 am
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