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Saints Cap Update 4/1/2013 (Not April Fools)

this is a discussion within the Saints Community Forum; Good stuff Oak, I guess its a pay me now or pay me later with Harper. The ability to spread his cap hit out over two years means his 2013 job is definitely NOT safe. I'd bet he's first on ...

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Old 04-01-2013, 10:41 AM   #11
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Good stuff Oak, I guess its a pay me now or pay me later with Harper.

The ability to spread his cap hit out over two years means his 2013 job is definitely NOT safe.

I'd bet he's first on the chopping block if there's a free agent we covet.
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Old 04-01-2013, 10:43 AM   #12
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Brilliant Oak. Love this. Thanks.
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Old 04-01-2013, 10:46 AM   #13
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Originally Posted by Danno View Post
Good stuff Oak, I guess its a pay me now or pay me later with Harper.

The ability to spread his cap hit out over two years means his 2013 job is definitely NOT safe.

I'd bet he's first on the chopping block if there's a free agent we covet.
Exactly why I am thinking there has been no pay cut or restructure at this point. He will be a June 1st casualty.
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Old 04-01-2013, 10:56 AM   #14
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Originally Posted by TheOak View Post
Exactly why I am thinking there has been no pay cut or restructure at this point. He will be a June 1st casualty.
The only problem I see is that his contract say 16 million guaranteed. His bonus money doesn't come close to that figure at all.

So what else is guaranteed in his contract?

My guess is that since they list 6 million as dead money (which also doesn't equal all his bonus money) that the 6 million is the figure we'll be able to spread over two years.

But... can guaranteed money be spread out like that? Its not bonus money, its guaranteed money. I think there's a difference.
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Old 04-01-2013, 11:05 AM   #15
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Originally Posted by Danno View Post
The only problem I see is that his contract say 16 million guaranteed. His bonus money doesn't come close to that figure at all.

So what else is guaranteed in his contract?

My guess is that since they list 6 million as dead money (which also doesn't equal all his bonus money) that the 6 million is the figure we'll be able to spread over two years.

But... can guaranteed money be spread out like that? Its not bonus money, its guaranteed money. I think there's a difference.
I noticed the same thing but didnt interpret previously for the sake of keeping the facts I could find in tact.

I need to dig deeper because there are bonus items that fall into the LTBE and NLTBE category.

Examples: It gets sort of gray as websites to not differentiate.

LTBE: Likely to be earned- Harper had 8 interceptions last season and his bonus for upcoming seasons is 1.5M for 8 interceptions.

NLTBE: Not Likely To be Earned -Harper had 8 interceptions last season and his bonus for upcoming seasons is 1.5M for 16 interceptions.
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Old 04-01-2013, 11:12 AM   #16
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

He brought charts!!!

Damn, I love this site.

Thanks Oak!
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Old 04-01-2013, 11:37 AM   #17
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Originally Posted by TheOak View Post
I noticed the same thing but didnt interpret previously for the sake of keeping the facts I could find in tact.

I need to dig deeper because there are bonus items that fall into the LTBE and NLTBE category.

Examples: It gets sort of gray as websites to not differentiate.

LTBE: Likely to be earned- Harper had 8 interceptions last season and his bonus for upcoming seasons is 1.5M for 8 interceptions.

NLTBE: Not Likely To be Earned -Harper had 8 interceptions last season and his bonus for upcoming seasons is 1.5M for 16 interceptions.
I'll call Mickey and have him explain it to me.

We're pretty tight so I'll get back with you later.
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Old 04-01-2013, 11:39 AM   #18
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

Good stuff Oak!!
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Old 04-01-2013, 11:54 AM   #19
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

I found this earlier and it seems the Dead Money Calculation is a little more entailed than just adding up prorated bonuses.

I literally had to spread sheet this to make it balance and this is what I come up with. If I had not, I would have not slept until I figured it out LOL.

Dead Money Owned by 2013 - $1,750,000
Dead money Owned by 2014 - $4,250,000
*There is a 100,000 delta in the equation which I "assume" is a hit for his 100,000 ETBE Work out Bonus. (which apparently you only take a hit for in the cut year)
TOTAL dead money right now is $6.1M

The contrived formula the NFL uses is outlined below.

What happens if a player is cut before his contract expires?
Letís use John Doe as an example. Letís say his team decides to cut him with two years remaining on his contract. Take the remaining prorated bonus ($2M per year times two, or $4M), and take his base salary, $1M. Subtract the remaining signing bonus from the base. The result is minus $3M, which means that John would cost his team $3M in dead money (money that essentially goes to waste and canít be used on another contract.)

This is why many teams wait to cut a player in the final year on their contract, as usually the base salary is significantly higher than the remaining prorated portion of the signing bonus

NFL Salary Cap Primer | Inside Football
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Old 04-01-2013, 12:12 PM   #20
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Re: Saints Cap Update 4/1/2013 (Not April Fools)

So, we're broke?
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