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Saints and Ramczyk agree to a restructured contract
Posted on 3/13/24 at 8:51 am
Posted on 3/13/24 at 8:51 am
@FieldYates
The Saints and RT Ryan Ramczyk agreed to a reworked contract that guarantees him $6.5M in 2024 (he previously had no remaining guarantees), with significant upside available as well.
Ramczyk’s cap number was $27.025M prior to this, but this deal will create cap savings for New Orleans.
The Saints and RT Ryan Ramczyk agreed to a reworked contract that guarantees him $6.5M in 2024 (he previously had no remaining guarantees), with significant upside available as well.
Ramczyk’s cap number was $27.025M prior to this, but this deal will create cap savings for New Orleans.
9
Posted on 3/13/24 at 8:53 am to Chad504boy
Posted on 3/13/24 at 9:12 am to Chad504boy
quote:
Ramczyk’s cap number was $27.025M prior to this, but this deal will create cap savings for New Orleans.
So what is it now? I'm honestly so confused at how Loomis has structured and restructured everyone's deals that I can't keep up.
Posted on 3/13/24 at 9:14 am to Spelt it rong
quote:
So what is it now?
Posted on 3/13/24 at 9:16 am to Chad504boy
quote:
Ramczyk’s base salary drops to vet minimum. Rest of the $6.5 million converted to a signing bonus. Can earn a lot back in a 2025 escalator
I’m assuming it saved $20mm?
This post was edited on 3/13/24 at 9:17 am
Posted on 3/13/24 at 9:18 am to Proximo
quote:
I’m assuming it saved $20mm?
possible i guess. a june 1st cut designation would have saved 17 million if that means anything.
Posted on 3/13/24 at 9:20 am to Proximo
quote:
Can earn a lot back in a 2025 escalator
I've heard that in 2025 the Saints organization is going to evaporate into the atmosphere and vanish so I don't see a escalator clause being a problem.
Posted on 3/13/24 at 9:24 am to Spelt it rong
quote:
So what is it now? I'm honestly so confused at how Loomis has structured and restructured everyone's deals that I can't keep up.
I dunno but I am curious.
NFL reporting got real shitty a while back when "guaranteed money" became the buzzword.
The devil will be in the details.
Posted on 3/13/24 at 9:26 am to Proximo
quote:
Ramczyk’s base salary drops to vet minimum. Rest of the $6.5 million converted to a signing bonus.
His base salary for 2024 was $17M.
Unless the vet min is $10M, we're missing some details.
Posted on 3/13/24 at 9:30 am to SlowFlowPro
His cap hit was $27mm, now:
Base salary $1mm ish
Guaranteed money $6.5mm
27-7.5 = $19.5mm saved? This is in no way informed, just my initial reaction
I could see base salary only being relevant but we’ll see
Base salary $1mm ish
Guaranteed money $6.5mm
27-7.5 = $19.5mm saved? This is in no way informed, just my initial reaction
I could see base salary only being relevant but we’ll see
This post was edited on 3/13/24 at 9:31 am
Posted on 3/13/24 at 9:32 am to Chad504boy
His cap hit before the restructure was $17M salary & $10M in prorated bonuses. Have to assume they can't touch/stretch the bonus money. So if $6.5M is guaranteed, does that mean it's $6.5M salary, $10M from previous bonus, and now $10.5M over the next 5 years ($2.1M per year for 5 years)?
Would drop his cap hit from $27M to 18.6M; saving about $8.4M from the cap?
Would drop his cap hit from $27M to 18.6M; saving about $8.4M from the cap?
This post was edited on 3/13/24 at 9:33 am
Posted on 3/13/24 at 9:38 am to Weekend Warrior79
Underhill just said it saved $14mm
Posted on 3/13/24 at 9:42 am to Proximo
quote:
Underhill just said it saved $14mm
Proximo guess: $19.5M savings
Weekend Warrior79 guess: $8.4M savings
average of the 2: $13.95M
Posted on 3/13/24 at 9:46 am to Weekend Warrior79
rossjackson just posted this thinking.
Posted on 3/13/24 at 9:56 am to Weekend Warrior79
Mickey needs to hire usPosted on 3/13/24 at 10:01 am to Proximo
Either he cut his base salary, got a roster bonus, or there is a hidden extension in there.
Posted on 3/13/24 at 10:02 am to Proximo
quote:
Underhill just said it saved $14mm
Posted on 3/13/24 at 10:02 am to SlowFlowPro
quote:
Either he cut his base salary, got a roster bonus, or there is a hidden extension in there.
Posted on 3/13/24 at 10:09 am to Chad504boy
I hope this is an indication that his offseason knee management plan is working and we think he'll be healthy in '24 (and '25?)
Posted on 3/13/24 at 10:11 am to blizzle
quote:
I hope this is an indication that his offseason knee management plan is working and we think he'll be healthy in '24 (and '25?)
Kat threw out a possible mt contract comparison from last year. It could be plausible that it could be last year or if things go well, workout one final extension of sorts.
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