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Per OTC, the Saints are $72.58M over the 2024 cap

Posted on 10/17/23 at 6:29 am
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422922 posts
Posted on 10/17/23 at 6:29 am
Notable cap figures and dead money (pre-June 1):

Big hits with negative value:

Cam Jordan: $23.3M / $36.3M
Michael Thomas: $10.0M / $18.2M
Lattimore: $25.6M / $31.3M
Ramczyk: $27.0M / $32.7M
Carr: $35.7M / $52.8M
Hill: $15.8M / $16.9M

Big hits that can be cut for slight cap relief:

Kamara: $18.9M / $17.2M
Davis: $18.2M / $17.2M
Maye: $9.9M / $8.5M
J. Johnson: $7.0M / $6.5M
Mathieu: $12.1M / $10.4M
C. Granderson: $12.5M / 10.1M

Smaller hits but still negative value:

J. Williams: $4.5M / 6.3M
Moreau: $4.4M / 6.2M
N. Shepard: $5.1M / $8.1M

Dead Cap All-Stars:

Peat: $14.6M
Winston: $10.7M

Per OTC

Posted by BilJ
Member since Sep 2003
158771 posts
Posted on 10/17/23 at 6:36 am to
Kick


That



Can
Posted by Proximo
Member since Aug 2011
15561 posts
Posted on 10/17/23 at 6:41 am to
quote:

SlowFlowPro

fricking retard

How many contracts are “albatrosses”?
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422922 posts
Posted on 10/17/23 at 6:45 am to
quote:

How many contracts are “albatrosses”?

We can start with these:

Cam Jordan: $23.3M / $36.3M
Michael Thomas: $10.0M / $18.2M
Lattimore: $25.6M / $31.3M
Ramczyk: $27.0M / $32.7M
Carr: $35.7M / $52.8M
Hill: $15.8M / $16.9M
Posted by LooseCannon22282
Mobile
Member since May 2008
33755 posts
Posted on 10/17/23 at 6:47 am to
oh man this wasn't the best thing to read as I get ready to step out the door for work.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
64294 posts
Posted on 10/17/23 at 6:56 am to
Loomising!
Posted by Fun Bunch
New Orleans
Member since May 2008
116076 posts
Posted on 10/17/23 at 7:04 am to
It truly is depressing. Instead of starting the pain and just biting the bullet and going full reset they made it worse.

We will be fricked for half a decade at least.
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
64294 posts
Posted on 10/17/23 at 7:11 am to
quote:

fricking retard



This baw still hurling stones with the world burning around his glass house.
Posted by Delusional
Member since Dec 2018
4388 posts
Posted on 10/17/23 at 7:18 am to
Loomising almost worked in this case except for the fact that the entire o-line full of first round picks shite the bed. Most of them are young too.

At least we have most of our draft picks.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422922 posts
Posted on 10/17/23 at 7:19 am to
quote:

We will be fricked for half a decade at least.
I just don't think people understand how long it will take to unwind this. It will take a full year of being committed to a rebuild just to get us in a situation where we can start the cap rebuild. That's 2 years, min, but likely more like 3 (or 4 to totally clear up our cap situation).

This is also assuming an outlier event doesn't cause the necessity to start when we don't expect it, which would be lighting a fuse...Ram's knee is that variable potentially. Our entire cap restructuring philosophy is based in extending he and Lattimore for the bulk of our cap relief, but if he has to retire after this season, then we have to eat all that cap we kicked down the road and we lose the flexibility. That would be official "hold onto your butts" season.
Posted by Townedrunkard
Member since Jan 2019
8905 posts
Posted on 10/17/23 at 8:14 am to
quote:

Cam Jordan: $23.3M / $36.3M Michael Thomas: $10.0M / $18.2M Lattimore: $25.6M / $31.3M Ramczyk: $27.0M / $32.7M Carr: $35.7M / $52.8M Hill: $15.8M / $16.9M


Out of all of these, Lattimore is the only one coming close to playing up to the value of his contract. Ram also before this year, but it’s not looking good with a degenerative knee.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422922 posts
Posted on 10/17/23 at 8:21 am to
The thing about Carr is everyone loved to tout the "it's really a 2-year deal with an out" meme, but that assumes we don't touch it this offseason (in order to clear cap space)



The only way we're getting under the cap next year is by pushing most of the money listed in your quote down the road, including Carr.
Posted by Weekend Warrior79
Member since Aug 2014
16436 posts
Posted on 10/17/23 at 8:31 am to
quote:

This is also assuming an outlier event doesn't cause the necessity to start when we don't expect it, which would be lighting a fuse...Ram's knee is that variable potentially. Our entire cap restructuring philosophy is based in extending he and Lattimore for the bulk of our cap relief, but if he has to retire after this season, then we have to eat all that cap we kicked down the road and we lose the flexibility. That would be official "hold onto your butts" season.

What's cool about Ram's deal is he has an injury guarantee for his 2024 contract. So, if I understand it correctly, his entire 2024 salary would be guaranteed in the event of an injury. Loomsing

Sarcasm aside, that should at least buy them a year to eat a chunk of Ram's contract. Then work with him on his retirement to spread the dead cap between 2025 & 2026 (similar to the Brees retirement restructure).

quote:

I just don't think people understand how long it will take to unwind this. It will take a full year of being committed to a rebuild just to get us in a situation where we can start the cap rebuild. That's 2 years, min, but likely more like 3 (or 4 to totally clear up our cap situation).

This could actually be much worse than you laid out. NFL also has a minimum cash spend requirement tied into the cap. So, when dropping contracts for dead money or letting them expire to run out the bonuses; they still have to make sure they give out large chucks of $$$ to meet those minimum cash requirements.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422922 posts
Posted on 10/17/23 at 8:34 am to
quote:

This could actually be much worse than you laid out. NFL also has a minimum cash spend requirement tied into the cap. So, when dropping contracts for dead money or letting them expire to run out the bonuses; they still have to make sure they give out large chucks of $$$ to meet those minimum cash requirements.

Here is the thing, though.

We MIGHT have been able to compete for the NFC South title in 2023, only because it projected to be horrible.

How can you say no to that?
Posted by Byron Bojangles III
Member since Nov 2012
51689 posts
Posted on 10/17/23 at 8:36 am to
the cap is fake.
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
422922 posts
Posted on 10/17/23 at 8:38 am to
quote:

the cap is fake.



That's why Trey Hendrickson and Marcus Williams are still on the team, right?

If your concept of "the cap" is a singular year, then yeah, this argument has some merit. When you realize that future years get cap eaten up by these "in the moment" moves, then you understand the cap is real, and you're sacrificing future for the present. That impact on future caps is very real, and limits future spending.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
8014 posts
Posted on 10/17/23 at 8:42 am to
Future looks bright.

Or not.
Posted by J Murdah
Member since Jun 2008
39785 posts
Posted on 10/17/23 at 8:45 am to
gotta get rid of Taysom after this season, he's not really providing you much value
Posted by BBJ
BR
Member since Apr 2012
1367 posts
Posted on 10/17/23 at 8:50 am to
Need a new coach
Posted by WhoDatNC
NC
Member since Dec 2013
11728 posts
Posted on 10/17/23 at 8:51 am to
I would rather blow it up and suck vs keep kicking the can down the road every year to suck.
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