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Saints starting the cap process, restructure Lattimore
Posted on 1/3/24 at 11:40 am
Posted on 1/3/24 at 11:40 am
Yates
quote:
The Saints' work to get under the cap in 2024 has begun early, as the team recently converted $13.79M of CB Marshon Lattimore's $15M 2024 base salary into an option bonus, creating $11.032M in 2024 cap space.
More work ahead, but they've begun chipping away.
6
Posted on 1/3/24 at 12:16 pm to Fun Bunch
So odd that he would do something like this in the middle of the season
Posted on 1/3/24 at 12:23 pm to Weekend Warrior79
Agreed. I imagined there would be negotiations but maybe it's already occurred
Posted on 1/3/24 at 12:24 pm to Fun Bunch
Isn't this only going to make future years dead money even worse? I fricking hate this franchise.
Most of us are imagining us rebuilding for a few years and coming back strong in 3 or 4 years but Loomising means that in 3 or 4 years we will still have dead cap hits that are prolonging out rebuild.
Most of us are imagining us rebuilding for a few years and coming back strong in 3 or 4 years but Loomising means that in 3 or 4 years we will still have dead cap hits that are prolonging out rebuild.
Posted on 1/3/24 at 12:25 pm to Bottom9
“Blowing it up” is a fantasy and doesn’t work. Get used to it
Posted on 1/3/24 at 12:34 pm to Fun Bunch
Just wait till this happens with Carr and it sinks in that the Saints are stuck with him long term.
Posted on 1/3/24 at 12:36 pm to Proximo
quote:
“Blowing it up” is a fantasy and doesn’t work. Get used to it
Having $50 in dead cap money for people who aren't on the team also doesn't work
Posted on 1/3/24 at 12:39 pm to Proximo
quote:
“Blowing it up” is a fantasy and doesn’t work. Get used to it
Posted on 1/3/24 at 12:55 pm to Bottom9
quote:
Isn't this only going to make future years dead money even worse? I fricking hate this franchise.
For the 10,000th time:
Salary carries more value in future years than current years because the salary cap always goes up. The further down the road a team can kick any dollar in salary gives that dollar greater value because of the rising cap. The only time this bit the saints in the butt was the year following Covid when the cap went down due to lower revenue. But 99% of the time, you want to get as much salary as possible in future years. $10 million in 2025 has more value than $10 million in 2024.
The saints do contracts with this in mind at the beginning.
This process allows the saints more flexibility to sign players, because they are not as cash rich as teams like Dallas or the Rams. The Rams built their Super Bowl team on the other trick to get around the cap: cash over cap. The Rams would pay guys like Von Miller a massive up front check to cover the whole contract but spread the accounting over the life of the contract. Stan Kronke has the spare cash to do this over and over. Gayle Benson does not, so instead the saints have to take advantage of the future value of salary trick.
Posted on 1/3/24 at 1:05 pm to bstaceyau19
quote:
the saints have to take advantage of the future value of salary trick.
Exactly. The Saints are essentially taking NPV concepts to the extreme bc of the business landscape they live in - other teams seem to not have the balls to operate as if the future is infinite. (Which in NFL terms, it pretty much is. If the Saints and NfL went away in 20 years, the org wouldn’t give a flip about “future money owed”)
Posted on 1/3/24 at 1:08 pm to Weekend Warrior79
quote:
So odd that he would do something like this in the middle of the season
Well his season is over. Not unheard of.
Posted on 1/3/24 at 1:12 pm to Bottom9
quote:
Isn't this only going to make future years dead money even worse? I fricking hate this franchise.
The Saints have to get under the salary cap for 2024. Currently they were 80+ million over that cap before restructuring Latt.
Money aint going to just magically fall off the books.
Please try and understand that the only way to do this is by restructuring contracts.
THERE IS NO WAY AROUND THIS FOR SEVERAL MORE YEARS!!!!!! NO OTHER OPTION!!!!!!! PERIOD!!!!!!
YES IT SUCKS BUT HERE WE ARE!!!!!!!!!!
"The Saints should just take their medicine and live in cap hell for a few years to cleans this up."
THIS IS THEIR MEDICINE AND THEY'RE TAKING IT. THIS IS CAP HELL AND WE'RE LIVING IN IT.
This post was edited on 1/3/24 at 1:16 pm
Posted on 1/3/24 at 1:14 pm to Snipe
What kills me is that the salary cap typically goes up about $10 million per year...Sp in 3-4 years the cap could be $35-40 million higher, but we will still be behind the curve.
Posted on 1/3/24 at 1:21 pm to tigerterrace
quote:
What kills me is that the salary cap typically goes up about $10 million per year...Sp in 3-4 years the cap could be $35-40 million higher, but we will still be behind the curve.
It doesn't matter. The Saints have to get under the cap and there is no other way to do it. It doesn't matter what the future is or the past was, by March whatever they have to be below the salary cap. Gayle can't just write a 100 million dollar check and make it go away even if she wanted to. It's a runaway train and the only way to proceed is to do what Loomis is doing.
This post was edited on 1/3/24 at 1:22 pm
Posted on 1/3/24 at 1:34 pm to bstaceyau19
quote:
Salary carries more value in future years than current years because the salary cap always goes up. The further down the road a team can kick any dollar in salary gives that dollar greater value because of the rising cap. The only time this bit the saints in the butt was the year following Covid when the cap went down due to lower revenue. But 99% of the time, you want to get as much salary as possible in future years. $10 million in 2025 has more value than $10 million in 2024.
Sure, but you're still working within a system designed to limit, with most of these can kicking moves dealing with the same temporal salary impact. Dead money kills a much higher % of your cap than this inflation-based fantasy.
quote:
This process allows the saints more flexibility to sign players, because they are not as cash rich as teams like Dallas or the Rams. The Rams built their Super Bowl team on the other trick to get around the cap: cash over cap. The Rams would pay guys like Von Miller a massive up front check to cover the whole contract but spread the accounting over the life of the contract. Stan Kronke has the spare cash to do this over and over. Gayle Benson does not, so instead the saints have to take advantage of the future value of salary trick.
You clearly don't understand what we are doing, b/c we are specifically engaging in "cash over cap"
Posted on 1/3/24 at 1:35 pm to Snipe
quote:
The Saints have to get under the cap and there is no other way to do it.
this is a complete lie, its what they choose to do because they refuse to face reality
quote:
It's a runaway train and the only way to proceed is to do what Loomis is doing.
this is another lie.
Posted on 1/3/24 at 1:36 pm to BlueWaffleHouse
quote:
other teams seem to not have the balls to operate as if the future is infinite.
It's a risk not worth taking unless you're very close to a title. All it takes is one unexpected issue or one bad contract and you're fricked. Carr + Ram could blow this whole thing up on the Saints.
Posted on 1/3/24 at 1:38 pm to keakar
quote:
this is a complete lie, its what they choose to do because they refuse to face reality
quote:
this is another lie.
And yet you passed on the opportunity to explain how I'm wrong.
Posted on 1/3/24 at 1:42 pm to Proximo
Agree. People would go apeshit
Posted on 1/3/24 at 1:44 pm to VOR
quote:
Agree. People would go apeshit
People are already going apeshit at our current status of irrelevantly mediocre with no chance to improve (and lots of chances to fail).
This post was edited on 1/3/24 at 1:45 pm
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