re: Peat reworks contract

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The sad thing is you think you’re right

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Most people who have opinions think they're right.

I'd wager, the vast majority of them, in fact.

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and never consider they have planned out the cap years in advance

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Bad assumption. I know they have a plan, but that doesn't mean their plan is anywhere close to optimal or a way that's been shown to win a Super Bowl.

Also, their plan is super risky and we're just getting into the part where super old guys have shitty contracts that are un-cuttable, with a decline on the horizon. It only takes 1 or 2 of those, or an unexpected major injury, or an unexpected retirement, to unravel it all.

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it wouldn’t work.

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Define "work".

I define franchise success as building Super Bowl contenders for the biggest window possible before a rebuild is necessary to create another Super Bowl window.

I don't consider franchise success intentionally planning to keep a team in mediocrity with the chance of a playoff birth every other year or so.

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They’ve been doing this since 2006. Ffs

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No. This is simply not true. Not on this level.

This period of extreme can kicking started to extend the Brees window in 2018. When we signed Brees to that 2/50 deal, this new era started. We have been working backwards from that contract ever since. We have won 2 playoff games since (no conference title game appearances) and missed the playoffs twice.

Say “albatross” one more time

Yeah so that shite is massively wrong. They still have Thomas with a $60m cap hit. As of today he’ll only count like $13m for us in 2024, and likely less than that once we extend him

I don't think it's wrong, but we all know MT isn't getting that roster bonus. But we can just assume we cut him. Then we're $67.8M over

That dead cap # is now over $60M

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Isn't their last update the restructure in January/Feb?

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I'm not 100% but that dead cap isn't going anywhere. That's for bonuses already paid. That's the only money that matters. * for this discussion

Are the 3 guys we signed yesterday gonna count for $30M+ in 2024?

If we estimated their AAV it would put the number closer to 50, but I think we all know year 1 will be light on those deals

We also just clear more space with this Peat restructure so I'm assuming we sign a handful more of FAs

I'm fine using the 50-60M over instead of 100M for the time being. It still puts us in an untenable position with a HUGE chunk of our cap being dead cap space.

Again, we either have to re-sign aging players who aren't worth the cap hit (maybe not Thomas, but he's 30 so he's not young) or eat the dead space (which will be 20-25% of our cap). Then to get under, we're going to have to extend or restructure deals with more aging players who aren't worth their cap hit (Taysom, Mathieu, Maye, AK, etc.), exacerbating the situation and pushing the realization down to future years.

The big domino is Carr's $30M base. If we restructure that, things become very scary. It would be one thing if he was 28 or so, but he's much older than that. We already structured his 3/100 deal to be more like 2/93, so if we push the majority of that $30M backwards, it becomes more like 1/70. He has a poison pill in 2025 so we'll either have to cut him (if he's not good) and somehow eat $60-70M in dead money or extend him (into his late 30s). Extending him only fixes things temporarily, b/c in that scenario when he retires, we'll have a huge 40-80M dead cap hit waiting.

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Where are you getting this from

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his arse

Peat’s career with the saints is one of the more head scratching ones for me.

Considering his draft position he was a bust, and yet here is closing in on a decade of tenure with the saints.

To my recollection he was reason number 1 we lost that 2019 playoff game to the Vikings.

For better or worse the saints are not changing their MO in the post Brees/Payton world so expect a trade up in the draft.