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Okafor cap numbers

Posted on 3/22/18 at 9:58 pm
Posted by Chad504boy
4 posts
Member since Feb 2005
166246 posts
Posted on 3/22/18 at 9:58 pm
LINK

Stole this dude, only adds 1.8 ish mill to 18 cap number


@nick_underhill: The Saints should have around $7 million in cap space. LINK

m.twitter.com/nick_underhill
This post was edited on 3/22/18 at 10:00 pm
Posted by GMoney2600
Baton Rouge
Member since Oct 2005
14108 posts
Posted on 3/22/18 at 10:13 pm to
Damn good contract

2.312 mil cap # in 2018
4.475 mil cap # in 2019
Only 1.5 mil guaranteed
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/22/18 at 10:32 pm to
Finally.

That's some damn good numbers. Morstead's extension just about covered the first year hit.

I couldn't check the link but does he have any performance bonuses built in? Otherwise I wonder why they called it a $10 mil deal (unless they talked him down from that).

Edit:
Morstead saved $2.2 mil, not $2.5 like I was thinking.
This post was edited on 3/22/18 at 10:42 pm
Posted by GMoney2600
Baton Rouge
Member since Oct 2005
14108 posts
Posted on 3/22/18 at 10:34 pm to
Here's the whole article...

Alex Okafor signed a two-year deal with the Saints worth $6.787 million. The contract came with a $1.5 million signing bonus, which is the only guaranteed money. The Saints should have around $7 million in cap space remaining after the signing.

The contract breaks down as follows:

2018

Base salary: $850,000

Roster bonus: $662,500

Signing bonus: $750,000

Workout bonus: $50,000

Cap number: $2.312 million

2019

Base salary: $1.7 million

Roster bonus: $1.925 million

Signing bonus: $750,000

Workout bonus: $100,000

Cap number: $4.475 million
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/22/18 at 10:37 pm to
Yeah that's crazy. No performance incentives? Less than the reported $10 mil.

So basically a one year, $3 mil contract (adding in his guaranteed signing bonus next year) that could become a two year deal if he plays well.

Just hope he comes back to at least 90% of what he was last year.

Edit:
We should have about $5.7 mil in space accounting for the rookie pool/top 51 rule, but $7.7 mil in actual space.

Edit2:
Forgot otc still isn't counting the $3 mil Fairley credit, so the $7 mil reported is correct but doesn't account for the rookie pool.

So to sign Suh would likely just take a Jordan restructure which saves another $5.7 mil, putting us right around $13.5 mil under (assuming the Suh deal is at least two years and slightly backloaded).
This post was edited on 3/22/18 at 11:07 pm
Posted by GMoney2600
Baton Rouge
Member since Oct 2005
14108 posts
Posted on 3/22/18 at 10:47 pm to
Good job Loomis

Drew Brees - 24 mil
Demario Davis - 4.067 mil
Kurt Coleman - 3.3 mil
Alex Okafor - 2.312 mil
Patrick Robinson - 2.25 mil
Willie Snead - 1.9 mil tender
Tom Savage - 1.453 mil
Jermon Bushrod - 720 k (vet minimum)
George Johnson - 720 k (vet minimum)
Zach Wood - 555 k
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/22/18 at 10:55 pm to
Really wish Kelemete wanted to stay. I'm sure we would have made room for only $4 mil.
Posted by htran90
BC
Member since Dec 2012
30110 posts
Posted on 3/22/18 at 10:56 pm to
I think Coleman is gonna be signed for minimum too, the wr free agency crop is huge and guys won't be paid.
Posted by GMoney2600
Baton Rouge
Member since Oct 2005
14108 posts
Posted on 3/22/18 at 10:59 pm to
quote:

We should have about $5.2 mil in space accounting for the rookie pool/top 51 rule, but $7.2 mil in actual space.


How are you getting 7.2 mil?

Using overthecap...we had 2.317 mil in cap space. Okafor's cap # (2.312 mil), Morstead's extension (2.2 mil), & Fairley's credit (3 mil) aren't factored in yet.
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/22/18 at 10:59 pm to
Coleman and perhaps Breaux also as his market hasn't heated up.

As long as no one else sniff's around Snead that just means we resign Line and/or Kuhn, maybe one more FA WR (or perhaps wait and see how the draft unfolds), and hope Suh picks us and then roll on to the draft.
Posted by htran90
BC
Member since Dec 2012
30110 posts
Posted on 3/22/18 at 11:02 pm to
Signing Suh is very possible. I'm hopeful he's waiting for benson's funeral to be done before announcing anything, just because Loomis, Payton, et al are busy.

I'm just glad in all of this we're losing no one of importance. The team improved and ideally health is on our side this year.
This post was edited on 3/22/18 at 11:09 pm
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/22/18 at 11:05 pm to
I jacked up and we actually have about half a mil more (damn top 51 rule).

Otc says we have $2.3 mil. This accounts for the effective rookie pool (about $2 mil). If you look at spotrac they have us with $2 mil more than otc at $4.3 mil (or maybe they counted Fairley also and have us at $7.3 mil; been a minute since I checked them).

So $2.3 mil + $2.2 mil (Morstead savings) - $1.8 mil (Okafor - player he replaces which was at half a mil) + $3 mil (Fairley's credit) = $5.7 mil.

If you add back in the rookie pool money they take out, we are at $7.7 mil.

Edit:
Yeah spotrac has us at $7.3 mil. They are counting Fairley's credit, but not the rookie pool, and they still haven't updated Morstead's contract (or Okafor's for that matter).

So starting from there we add Morstead and subtract Okafor and it puts us at $7.7 mil. Adding in the rookie pool drops it to $5.7 mil.
This post was edited on 3/23/18 at 10:49 pm
Posted by GMoney2600
Baton Rouge
Member since Oct 2005
14108 posts
Posted on 3/22/18 at 11:07 pm to
Yea, I'd be cool with signing Coleman & Breaux for cheap. Maulet needs someone to compete with in the pre-season for that #5 CB spot. I'd also take Robert Ayers if the price is right.
Hopefully we can make these moves before the draft
Suh
2 F.A. WR's
Zach Line
Josh LeRibeus
Jonathan Freeny
This post was edited on 3/23/18 at 11:05 pm
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/22/18 at 11:14 pm to
Yeah I wouldn't mind LeRibeus or Freeny for depth. They should be vet minimum players (as well as Kuhn, Line, Coleman, and maybe Breaux).

None of these guys would take much cap (about $200k each at most).

We currently have 73 players signed and 8 picks which would put us at 81. We normally sign at least 10ish UDFAs so we are likely waiting until after the draft before tinkering with all of this.

Didn't realize we'd be that close to 90 if we kept all of our picks.
This post was edited on 3/22/18 at 11:18 pm
Posted by TigerSaint1
Member since Apr 2014
1479 posts
Posted on 3/23/18 at 7:54 am to
If you can bring back Coleman, Snead, and Breaux, that will be huge for this team. Make a big splash with Suh or another FA DT/DE and a WR, then you set yourself very nice in the draft to take BPA or a TE and build additional depth in other spots.
Posted by ffhouston
The Woodlands
Member since Sep 2007
3782 posts
Posted on 3/23/18 at 10:38 pm to
Dude wants that ring. I'm about it.
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