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The Saints have been the third-biggest spenders in free agency
Posted on 3/21/23 at 10:02 am
Posted on 3/21/23 at 10:02 am
LINK
Well this is a little uncharacteristic. The New Orleans Saints have no doubt been busy this offseason, adding new starting quarterback Derek Carr, running back Jamaal Williams, a pair of talented defensive tackles in Khalen Saunders and Nathan Shepherd along with a few other depth signings. Most recently, they added versatile defensive back Lonnie Johnson Jr. as well.
An active free agency period makes sense considering the losses of several players this offseason. With players like defensive tackles David Onyemata and Shy Tuttle as well as former starting quarterback Andy Dalton all headed to division rivals, the Saints had some holes to plug on their roster. But to the extend that they’ve spent is what’s unexpected.
According to Over The Cap, the Saints are the third-biggest spenders so far this offseason. Their $219,310,000 running tab is an impressive one. The number takes into account total funds spent over the lifespan of contracts agreed upon this offseason. Of course, most of that is the $150 million the team spent on Carr’s four-year deal to be their new signal caller. But so much for not making a splash.
New Orleans has also fronted the second-most guaranteed money this spring with $140,040,000, while coming in at No. 6 in first-year cash spent at just over $61 million. Classic contract structures for the organization.
If we’re honest, the Saints have been rather economical about their spending, though. Coughing up $100 million guaranteed for your new leader on offense, $4 million per year on the NFL’s rushing touchdown leader from a year ago and spending the equivalent of Onyemata’s deal with the Falcons on a pair of talented interior defenders are all rather effective uses of funds.
Spending the most money in an offseason doesn’t always translates to in-season success. However, 4 of the top-5 spending teams in 2022 all made last year’s playoffs. Of the Jacksonville Jaguars, Buffalo Bills, Miami Dolphins, New York Jets and Los Angeles Chargers, all but the Jets made the AFC postseason. While this may be more an exercise of correlation rather than causation, it’s worth remembering that the majority of the Saints offseason spending has been at the most important position on the field. So if that pans out, then every other cent spent is definitely worth it.
Oh and by the way, New Orleans is also top-10 in available cap space. They also still have several positions on both sides of the ball they can continue to address. So don’t expect them to be done just yet this offseason. With less than a $20 million gap between the third-place Saints and first-place New York Giants, who knows? New Orleans could end up atop the list by the time all is said and done.
Well this is a little uncharacteristic. The New Orleans Saints have no doubt been busy this offseason, adding new starting quarterback Derek Carr, running back Jamaal Williams, a pair of talented defensive tackles in Khalen Saunders and Nathan Shepherd along with a few other depth signings. Most recently, they added versatile defensive back Lonnie Johnson Jr. as well.
An active free agency period makes sense considering the losses of several players this offseason. With players like defensive tackles David Onyemata and Shy Tuttle as well as former starting quarterback Andy Dalton all headed to division rivals, the Saints had some holes to plug on their roster. But to the extend that they’ve spent is what’s unexpected.
According to Over The Cap, the Saints are the third-biggest spenders so far this offseason. Their $219,310,000 running tab is an impressive one. The number takes into account total funds spent over the lifespan of contracts agreed upon this offseason. Of course, most of that is the $150 million the team spent on Carr’s four-year deal to be their new signal caller. But so much for not making a splash.
New Orleans has also fronted the second-most guaranteed money this spring with $140,040,000, while coming in at No. 6 in first-year cash spent at just over $61 million. Classic contract structures for the organization.
If we’re honest, the Saints have been rather economical about their spending, though. Coughing up $100 million guaranteed for your new leader on offense, $4 million per year on the NFL’s rushing touchdown leader from a year ago and spending the equivalent of Onyemata’s deal with the Falcons on a pair of talented interior defenders are all rather effective uses of funds.
Spending the most money in an offseason doesn’t always translates to in-season success. However, 4 of the top-5 spending teams in 2022 all made last year’s playoffs. Of the Jacksonville Jaguars, Buffalo Bills, Miami Dolphins, New York Jets and Los Angeles Chargers, all but the Jets made the AFC postseason. While this may be more an exercise of correlation rather than causation, it’s worth remembering that the majority of the Saints offseason spending has been at the most important position on the field. So if that pans out, then every other cent spent is definitely worth it.
Oh and by the way, New Orleans is also top-10 in available cap space. They also still have several positions on both sides of the ball they can continue to address. So don’t expect them to be done just yet this offseason. With less than a $20 million gap between the third-place Saints and first-place New York Giants, who knows? New Orleans could end up atop the list by the time all is said and done.
Posted on 3/21/23 at 10:07 am to hellsu
What about all that cap hell I was told so much about?
Posted on 3/21/23 at 10:14 am to blizzle
quote:
What about all that cap hell I was told so much about?
LINK
Saints rank top-10 in salary cap space after free agency spending spree
It’s been a busy week for the New Orleans Saints, and they’re positioned well to clean up during the next wave of free agency. The Saints signed veteran free agents like defensive tackles Nathan Shepherd and Khalen Saunders as well as running back Jamaal Williams, who account for a combined $5.74 million against the 2023 salary cap (roughly 2.5% of the team’s spending limit). New Orleans also brought back special teams linebacker Ty Summers and signed backup right tackle Storm Norton, likely both on veteran’s minimum contracts that will have minimal salary cap impact.
That leaves the team with approximately $17.3 million to spend ahead of the 2023 NFL draft. Take out the $3.2 million budgeted for their rookie draft class and New Orleans is left with more than $14.2 million in cap space, which ranks sixth-best around the league. They’ll be able to make competitive offers for free agents like tight end Foster Moreau, who visited the team on Saturday after meeting with the Cincinnati Bengals (who have $16.4 million in effective cap space, accounting for their draft class). Let’s see what general manager Mickey Loomis and his front office personnel do with these resources.
Posted on 3/21/23 at 10:14 am to blizzle
Loomis is a fricking wizard.
Posted on 3/21/23 at 11:56 am to iBack8569
If SlowFloPro just would understand that there is no such thing as a salary cap, and all that matters is what the owner is willing to pay up front, she would be less melty.
Posted on 3/21/23 at 2:03 pm to saints5021
quote:
If SlowFloPro just would understand that there is no such thing as a salary cap, and
The problem is, this isn't true.
If this were true, we'd have Marcus Williams instead of Marcus Maye, to pair with Trey Hendrickson, Kaden Ellis, Marcus Davenport, and David Onyamata.
quote:
all that matters is what the owner is willing to pay up front,
Again, not true. This money is accounted for somewhere. You're just pushing it back a bit.
Cam Jordan has a $23.3M cap hit next year and he's not under contract. That alone is approximately 10% of our cap gone.
Andrus Peat is the same but with $13.6M in dead cap (with no contract). Jameis at $10.6M.
Just those 3 combine for $47.5M next year
Per OTC
I don't think they have MTs deal up yet, but he's going to add more dead cap.
Posted on 3/21/23 at 2:11 pm to SlowFlowPro
I think his point is that the people who post and moan every year about how we won’t be able to make any moves in free agency are completely overreacting.
Do we have to make some hard decisions? Of course.
Is the cap the reason the saints won’t be competitive? No.
Do we have to make some hard decisions? Of course.
Is the cap the reason the saints won’t be competitive? No.
Posted on 3/21/23 at 2:21 pm to GMoney2600
quote:
They’ll be able to make competitive offers for free agents like tight end Foster Moreau, who visited the team on Saturday after meeting with the Cincinnati Bengals (who have $16.4 million in effective cap space, accounting for their draft class
If its between the Saints and the Bengals then they'll have a chance because Mike Brown, Owner and GM of the Bengals is as notoriously cheap as George Constanza from Seinfeld.
Posted on 3/21/23 at 2:23 pm to blizzle
quote:
What about all that cap hell I was told so much about?
Well I admit I was one of the ones looking at Cap Hell a few weeks ago, but although we are still carrying over a lot of dead money into the next 3 or 4 years, a la kicking the can, I guess that's the way the NFL world works now. SO no more complaining from me about it. Hell It ain't my money and if you can be competitive in this day and age you have to go for it.
Posted on 3/21/23 at 2:39 pm to Snipe
We need less andrus peat, marucs maye, tyrann Mathieu contracts. We're borrowing money to just pay them to be arse.
When we need more Erik McCoy, demario Davis, Juwan Johnson. Appropriately paid for production
When we need more Erik McCoy, demario Davis, Juwan Johnson. Appropriately paid for production
Posted on 3/21/23 at 2:43 pm to hellsu
I stopped worrying about the financials with this team a long time ago. Every year you here it in the press and in the public that Loomis and the front office have finally put us in cap hell with no hope of recovery but somehow year in and year out Loomis and Co. find a way of squeezing the shite out of a buffalo nickle. They find a way to make it work. I remember when we had a friggin ex- Astronaut as the GM.
Leave it in Micky's hands.
Leave it in Micky's hands.
Posted on 3/21/23 at 3:30 pm to hellsu
The only time our management of the cap fricked us was after the COVID year. Pushing dead cap into years where the cap continues to go up and up provides you value on today's dollars. Again, the cap only matters if your owner won't pony up signing bonuses for restructures.
Posted on 3/21/23 at 4:24 pm to saints5021
quote:
Again, the cap only matters if your owner won't pony up signing bonuses for restructures.
And no players retire
And you only make perfect contract offers for players worth their contract
And you're OK with losing 10-30% of your cap every year with dead money
This post was edited on 3/21/23 at 4:25 pm
Posted on 3/21/23 at 5:48 pm to hellsu
It really is surprising, but when you lose 2 DTs, you really have no choice, but still...
Posted on 3/21/23 at 6:00 pm to SlowFlowPro
Dude go to ur room and don’t come out till September. We don’t care what they spend or how. If they wanted to overpay for the players that left they would have found a way to get it done.
We have reset our cap, we are getting some good young players, we have more money to buy better players still, and the draft is coming. Your gloom and doom personality sucks the life out the thread.
Be happy we are building back our team and our money people are wizards and warlocks.
We have reset our cap, we are getting some good young players, we have more money to buy better players still, and the draft is coming. Your gloom and doom personality sucks the life out the thread.
Be happy we are building back our team and our money people are wizards and warlocks.
This post was edited on 3/21/23 at 6:02 pm
Posted on 3/21/23 at 7:58 pm to saints5021
quote:
If SlowFloPro just would understand that there is no such thing as a salary cap, and all that matters is what the owner is willing to pay up front, she would be less melty.
SFP does not have the ability to understand. He would argue with a lollipop.
Posted on 3/21/23 at 8:08 pm to SlowFlowPro
quote:
Marcus Williams instead of Marcus Maye, to pair with Trey Hendrickson, Kaden Ellis, Marcus Davenport, and David Onyamata.
No we wouldnt. Those guys were bought by over-spenders (I.e. not the Saints).
Marcus Williams contract is $70 million - huge overpay
Mayes' contract is $28 million total - less than 1/2 Williams contract and reasonable.
I dont know why you even listed the dlineman when we got two replacements who are younger, better, and cheaper.
quote:
Again, not true. This money is accounted for somewhere. You're just pushing it back a bit.
Salary cap resets every year. So nope, wrong again. Annddd its going up every year - going up about 20 million from 2022 to 2023 etc.
Just stop pretending buddy. Youre not that guy. Loomis is.
Posted on 3/22/23 at 9:10 am to GMoney2600
But but but, we shouldn't keep kicking the can....
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