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-   -   The Saints generate $7.8 million with Post June 1 Designations (https://blackandgold.com/saints/82947-saints-generate-7-8-million-post-june-1-designations.html)

SmashMouth 06-01-2017 02:01 PM

The Saints generate $7.8 million with Post June 1 Designations
 
When the Cowboys released Tony Romo, they did so with the post-June 1 designation. That resulted in his $19.6 million cap hit being split into a $10.7 million charge in 2017 and an $8.9 million charge in 2018. But since his $14 million salary (and $24.7 million cap charge) remained on the books through June 1, the Cowboys will get as of Friday $14 million in cap space.

Via Field Yates of ESPN.com, other teams will pick up some cap space, too, but none will get nearly as much as the Cowboys. The Saints generate $7.8 million, the Jets get $6 million, the Lions realize $4.8 million, the Falcons pick up $4.25 million, and the Chargers acquire $2.5 million.

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ChrisXVI 06-01-2017 02:26 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Best thing we ever got from Byrd.

hagan714 06-01-2017 04:07 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
please do not rush to spend it

AsylumGuido 06-01-2017 04:30 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Quote:

Originally Posted by hagan714 (Post 751451)
please do not rush to spend it

Considering we haven't signed a single drafted rookie yet ... most of that will be spent right away.

voodooido 06-01-2017 04:47 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Still wanting a Brees deal before the season but I know it won't happen. I really don't want the 18 mil in dead cap if he goes elsewhere next year.

AsylumGuido 06-01-2017 05:00 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Quote:

Originally Posted by voodooido (Post 751461)
Still wanting a Brees deal before the season but I know it won't happen. I really don't want the 18 mil in dead cap if he goes elsewhere next year.

1) Why would you think he would go elsewhere next year?

2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties.

3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch.

4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen.

saintfan 06-01-2017 05:42 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
I've got a few credit cards - rekon if Tommy would loan a brutha a little...

The Dude 06-01-2017 08:46 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Quote:

Originally Posted by AsylumGuido (Post 751462)
1) Why would you think he would go elsewhere next year?

2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties.

3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch.

4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen.

If we have another losing season a guarantee 100% he will go elsewhere.

AsylumGuido 06-01-2017 10:55 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Quote:

Originally Posted by The Dude (Post 751474)
If we have another losing season a guarantee 100% he will go elsewhere.

Not that I think we will have a losing season, but what makes you believe that? In fact, God forbid, if we do have another losing season this coming year I will bet you real cash money that he wouldn't up and go to another team following the season.

You guarantee 100%, right? Well?

Rugby Saint II 06-04-2017 02:41 PM

Re: The Saints generate $7.8 million with Post June 1 Designations
 
Basically Drew called out the FO and said he wants to win. Defense has been our Achilles under Payton and Drew knows it. It's not his job to play anywhere on the defensive side of the ball but he would if it would help him win. He will go with a year to year contract to ensure he's not tied to a losing team and has the opportunity to go elsewhere like Payton did.


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