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BilJ
New Orleans Saints Fan
Member since Sep 2003
150991 posts

The draft class is signed per Underhill

quote:

Nick Underhill
@nick_underhill
The Saints have signed their draft class


quote:

Hearing Marshon Lattimore's contract was restructured to create this cap space. Not an extension at this point.
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Spelt it rong
USA Fan
Xbox GT: BawWitDaBaw
Member since Oct 2012
7596 posts

re: The draft class is signed per Underhill
quote:

Hearing Marshon Lattimore's contract was restructured to create this cap space. Not an extension at this point.

intradasting


drake20
New Orleans Saints Fan
Baton Rouge
Member since Oct 2005
12845 posts

re: The draft class is signed per Underhill
7.4 M of cap space created per Spotrac.

...can sign one of the cornerbacks now too. And then there’s still the Ram and Williams extensions on the table for more cap space.
This post was edited on 6/8 at 3:37 pm


tigersquad89
LSU Fan
Raleigh, NC
Member since Oct 2014
4223 posts

re: The draft class is signed per Underhill
His contract was restructured which means he will lose almost no money if he gets suspended at the start of the season. So everybody wins


geauxtigers87
New Orleans Pelicans Fan
Louisiana
Member since Mar 2011
22199 posts

re: The draft class is signed per Underhill
loomising yo


Chad504boy
Member since Feb 2005
145547 posts
 Online 

re: The draft class is signed per Underhill
quote:

His contract was restructured which means he will lose almost no money if he gets suspended at the start of the season.


didn't pats do this w tom brady? pushing more dead monies into next year i suppose.


GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill
quote:

7.4 M of cap space created per Spotrac.


sweet. Loomis strikes again. Rest of league accuses Saints of cheating.


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60
NOSHAU
New Orleans Saints Fan
Member since Feb 2012
8194 posts

re: The draft class is signed per Underhill
quote:

7.4 M of cap space created per Spotrac.

...can sign one of the cornerbacks now too. And then there’s still the Ram and Williams extensions on the table for more cap space.


He was in last year of contract, so they must have added a few voidable years to the deal in order to spread the amount designated as a signing bonus.


GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill
His 2021 cap # was 10.244 mil, & they created 7.4 mil.

His cap # is now 2.844 mil, I guess.


GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill
Interesting how this comes the day after Dre Kirkpatrick visits...


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GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill
LINK

Somehow, the cash-strapped Saints have signed their draft class

Take a bow, Khai Harley. The New Orleans Saints salary cap expert worked the books to create enough room to sign the team’s 2021 NFL draft class — and then some. NewOrleans.Football’s Nick Underhill first reported that the Saints signed their rookies by restructuring their contract with Marshon Lattimore, which was confirmed by NFL Network’s Ian Rapoport. It’s impressive considering the Saints were cap-compliant by only about $356,000, per Over The Cap’s experts.

Harley’s contributions are another feather in the cap for general manager Mickey Loomis, who was able to keep his cap guru in the front office when his coworker Terry Fontenot tried to recruit him to the Atlanta Falcons.

Rapoport clarified that the Saints converted all but $990,000 (the veteran’s minimum) of Lattimore’s 2021 salary cap hit into a signing bonus, which frees up $7.4 million in salary cap space. If the Saints don’t reach a deal with Lattimore on a long-term extension, he’ll leave a dead money charge worth about $6.9 million on the books in 2022.

But for now they have time to continue working on a new agreement, which Rapoport added is a priority. The Saints used this same mechanism last summer with Sheldon Rankins to create more cap space, though he ultimately left in free agency the following offseason. Hopefully things turn out better with Lattimore.

Remember, this isn’t a pay cut for Lattimore — he gets the money now in an up-front bonus rather than in weekly installments during the season, while the Saints can kick the can down the road.

In the meantime: all six of the 2021 Saints draft picks are now under contract, which the team announced following their first session of the week’s organized team activities. That includes defensive end Payton Turner, linebacker Pete Werner, cornerback Paulson Adebo, quarterback Ian Book, offensive lineman Landon Young, and wide receiver Kawaan Baker. It puts New Orleans at 85 of 90 roster spots filled, and now they have the resources to make a few more additions.


Chalkywhite84
New Orleans Saints Fan
New orleans
Member since Dec 2016
11655 posts

re: The draft class is signed per Underhill
It had to be done.

Kinda crazy they have gone this long without adding a get corner.



MONROE
LA-Monroe Fan
In the belly of the beast
Member since Sep 2015
1193 posts

re: The draft class is signed per Underhill
quote:

Kinda crazy they have gone this long


Kinda stupid if you ask me. The free agents left are all garbage.


GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill


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101
NOSHAU
New Orleans Saints Fan
Member since Feb 2012
8194 posts

re: The draft class is signed per Underhill
quote:

Kinda stupid if you ask me. The free agents left are all garbage.
Their lack of urgency makes me think they are exploring a trade for a CB.


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10
bnb9433
New Orleans Saints Fan
Member since Jan 2015
8418 posts

re: The draft class is signed per Underhill
quote:

Interesting how this comes the day after Dre Kirkpatrick visits...


Thinking the same thing


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10
GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill
quote:

It had to be done.


It really did. At least, it shows that our FO doesn't have their head up their ass.


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20
GMoney2600
LSU Fan
Baton Rouge
Member since Oct 2005
11223 posts

re: The draft class is signed per Underhill
quote:

Kinda stupid if you ask me. The free agents left are all garbage.


They had 3 outside CB's left that were worth a shite. We're probably about to get 1 of them.

I don't see anything negative here.


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10
Ryan3232
LSU Fan
Valet driver for TD staff
Member since Dec 2008
22684 posts

re: The draft class is signed per Underhill
quote:

didn't pats do this w tom brady? pushing more dead monies into next year i suppose.
Is there a restructure bonus we slotted this to instead of dead money?


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00
ellishughtiger
Georgia Fan
70118
Member since Jul 2004
19984 posts

re: The draft class is signed per Underhill
It’s like loomis set this arrest up


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