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Message
re: Salary Cap expected to top $240 Million, some executives say $250 million is possible
Posted on 2/22/24 at 1:59 pm to SlowFlowPro
Posted on 2/22/24 at 1:59 pm to SlowFlowPro
quote:
If we don't restructure, it's a 3/100 that we can deal with after 2025
If we restructure him, it's almost a guarantee he sticks around for 2026 and 2027 at the least
not restructuring meant a possible out after 2 years.
never was the likely scenario. enough optimism to see this playing out. you're literally guaranteeing carr stays for a season he's not even under contract with under his 4 year deal.
2
Posted on 2/22/24 at 2:07 pm to Chad504boy
quote:
not restructuring meant a possible out after 2 years.
3 years. 3/100
That's what it was supposed to be.
quote:
you're literally guaranteeing carr stays for a season he's not even under contract with under his 4 year deal.
We'll have like $90M+ for 2026 to absorb.
You think we'll eat a $80-110M dead cap hit with our cap situation? Or that we can fit a $100M player into our cap situataion?
Posted on 2/22/24 at 2:17 pm to Chad504boy
quote:
enough optimism to see this playing out
What optimism? Carr was terrible this year. We lost a terrible division. Not one impressive win all year long.
Posted on 2/22/24 at 2:28 pm to High Life
quote:
What optimism?
i have a strong feeling that if i slapped you across the face with a reality stick it wouldn't do any good.
Posted on 2/22/24 at 2:32 pm to SlowFlowPro
you just refuse to accept simple things in life.
LINK .
quote:
Johnson noted that restructuring Carr's contract would essentially tie him to the team for the next two seasons, whereas they would be able to cut him after the 2024 campaign with little cap penalty if they were to leave his contract untouched.
LINK .
Posted on 2/22/24 at 3:15 pm to Chad504boy
His contract is for 100 million guaranteed. So how much of that 100 million did we pay him last year? Which leaves how much owned to Carr?
Or are you saying Carr will agree to a cut in what we promised him in Guaranteed cash?
Otherwise we owe him what we owe him whether over the next two years or the next 5?
Or are you saying Carr will agree to a cut in what we promised him in Guaranteed cash?
Otherwise we owe him what we owe him whether over the next two years or the next 5?
This post was edited on 2/22/24 at 3:16 pm
Posted on 2/22/24 at 3:17 pm to Chad504boy
Johnson didn't use the best wording, and BR took it the wrong way:
Johnson said:
Next year = 2025, as in, after 2025
Carr has a $10M roster bonus that is already guaranteed for 2025. OTC says that his 2025 $30M base salary is also guaranteed, but I believe that's an error and it will be guaranteed if he's on the roster in March of 2025. However, even assuming the March 2025 date is correct, I believe that means he'd have to be cut after 2024 (couldn't designate a June 1 cap hit). This isn't possible without a MAJOR hit to our cap.
See: Sportrac. The potential out is after 3 years and $100M.
See how it says " $11,400,000 DEAD CAP"?
See where we have that #? 2026. That's the relief we'd get in 2026, after "next year".
Now look at the dead cap for 2025 (if he only played 2 years)
Johnson said:
quote:
In theory, the Saints could have chosen not to touch Carr’s contract and find cap relief elsewhere on the roster. Such a move would’ve allowed them to move on from Carr next year with a relatively small financial penalty.
Next year = 2025, as in, after 2025
Carr has a $10M roster bonus that is already guaranteed for 2025. OTC says that his 2025 $30M base salary is also guaranteed, but I believe that's an error and it will be guaranteed if he's on the roster in March of 2025. However, even assuming the March 2025 date is correct, I believe that means he'd have to be cut after 2024 (couldn't designate a June 1 cap hit). This isn't possible without a MAJOR hit to our cap.
See: Sportrac. The potential out is after 3 years and $100M.
See how it says " $11,400,000 DEAD CAP"?
See where we have that #? 2026. That's the relief we'd get in 2026, after "next year".
Now look at the dead cap for 2025 (if he only played 2 years)
This post was edited on 2/22/24 at 3:18 pm
Posted on 2/22/24 at 3:19 pm to goatmilker
quote:
His contract is for 100 million guaranteed. So how much of that 100 million did we pay him last year? Which leaves how much owned to Carr?
Or are you saying Carr will agree to a cut in what we promised him in Guaranteed cash?
LINK
more like 70 million but shits confusing so good luck
Posted on 2/22/24 at 3:19 pm to SlowFlowPro
quote:
Next year = 2025, as in, after 2025
after this next football season dumbass.
Posted on 2/22/24 at 3:26 pm to Chad504boy
quote:
after this next football season dumbass.
It's 2024. He was saying "next year" as in 2025.
Look at the basic numbers. We can't cut him after this year, especially with a $10M roster bonus (and possibly his salary) guaranteed for 2025 already
This is basic math.
Posted on 2/22/24 at 3:28 pm to Chad504boy
quote:
more like 70 million
That's the "fully guaranteed" part. The other $30M is the 2025 salary, because we can't cut him before 2025 is over
Posted on 2/22/24 at 4:04 pm to Chad504boy
quote:
more like 70 million but shits confusing so good luck
No kidding.
This is from PFT and Mike Florio Dec 2023
"Last year at this time, the Raiders benched and sent home quarterback Derek Carr in order to avoid owing him $40 million, fully guaranteed. This year, the Saints don’t have that luxury.
They’re already on the hook for $40 million, as a practical matter. Carr’s contract pays out a $30 million salary in 2024, all of which is fully guaranteed. Another $10 million due in 2025 becomes fully guaranteed in March 2024. The Saints can avoid the extra $10 million only by cutting Carr before the payment vests.
So only 10 mil owed in 2025?
Overthecap shows 11.4 mil owed for signing bonus last year and this year combined and 30 mil guaranteed this year.
F@ck So we owe him and can restructure around 41 mil?
Posted on 2/22/24 at 4:08 pm to Chad504boy
quote:
You can’t be helped
This is not complicated stuff. I don't know why you have such a hard time with it.
It's basic addition, subtraction, and elementary-level division.
Posted on 2/22/24 at 4:12 pm to Chad504boy
quote:
have a strong feeling that if i slapped you across the face with a reality stick it wouldn't do any good.
The reality is we need to get away from Carr as soon as we can. He’s not a winner, he’s never been a winner. We made a mistake in hiring. I had very low expectations for him and our offense but even I thought they might make the playoffs. Instead of admitting that we fricked up, what do we do? We are going to double down on our shitty decision. What fricking promise did you see? He was absolute trash this year
Posted on 2/22/24 at 4:15 pm to SlowFlowPro
Ok am I getting close.
I see 10 million owed in signing bonus
I see 30 million owed for this year
I see 10 million owed for 2025 cause we are not cutting him by March 2024
Man. Tough crowd. Was
hoping I was close. No one? Maybe his contract is more Russian disinformation. Stupid election year!
I see 10 million owed in signing bonus
I see 30 million owed for this year
I see 10 million owed for 2025 cause we are not cutting him by March 2024
Man. Tough crowd. Was
hoping I was close. No one? Maybe his contract is more Russian disinformation. Stupid election year!
This post was edited on 2/22/24 at 5:46 pm
Posted on 2/22/24 at 9:57 pm to SlowFlowPro
quote:
This is not complicated stuff.
Aside from you ignoring the basic interpretation of the English language and make up an alternative universe of how you think it meant.
Posted on 2/22/24 at 10:14 pm to Chad504boy
Chad, explain how you think we ever could have afforded to cut ties with Carr after only 2 years, in numbers. Please.
Then compare that to an unadulterated 3/100 and tell us which is more rational.
Then compare that to an unadulterated 3/100 and tell us which is more rational.
Posted on 2/23/24 at 8:08 am to Chad504boy
quote:
Aside from you ignoring the basic interpretation of the English language and make up an alternative universe of how you think it meant.
Says the guy that can’t do basic math to suit his preferred narrative
Posted on 2/23/24 at 8:28 am to goatmilker
quote:
I see 10 million owed in signing bonus
I see 30 million owed for this year
I see 10 million owed for 2025 cause we are not cutting him by March 2024
It's basically the $28.5M signing bonus + $1.5M Y1 salary + $30M Y2 salary + $30M Y3 salary + $10M Y3 roster bonus.
28.5 + 1.5 = 30
30 + 30 + 30 + 10 = 100
This post was edited on 2/23/24 at 8:29 am
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