Fielding a team under the 2021 CAP
 

I was going to break down all the options this morning but while researching I found that someone had done it already. Most of what is here is the tl:dr of the article with personal comments added in.

I like how thorough he was because everyone is talking about how to get under the cap but no one is talking about how to field a roster. Getting under the cap does not get you on the field, you have to cut deeper to have space to replace the cut players. In our case 9 players

The other option that I have not seen covered is to ignore the cap and eat the penalties. You don't have to be under the cap to take the field and the league is not going to make you forfeit games because they need the revenue. Penalties include include fines of up to $5 million for each violation, cancellation of contracts and/or loss of draft picks. If they cancel contracts we wont have enough players to field a team :).

Drew Brees Retirement Process Reduces cap by $24M
Brees has the NFL's fourth-largest 2021 salary cap number at $36.15 million. Assuming Brees retires, he and the Saints should agree to reduce his $25 million 2021 base salary to $1.075 million, his 2021 league minimum salary, in order for $23.925 million cap relief to be gained instantly. The Saints would need to carry Brees on the roster until June 2 to keep the $11.5 million in bonus proration relating to his voiding 2022 and 2023 contract years from becoming a 2021 cap charge.

At this point, Brees would be placed on the reserve/retired list and his $1.075 million base salary would also come off the books for additional cap relief. Instead of taking the full $22.65 million of dead money, a salary cap charge for a player no longer on a team's roster, in 2021 by placing Brees on the reserve/retired list prior to June 2, there would $11.15 in 2021 and $11.5 million in 2022 this way.

Casualties Free's up $46M
Alexander
Cook
Jenkins
Easton
Brown
Sanders
Morestead
Murry
Robinson

Restructures/Extensions $40M in cap space
Jordan
Thomas
Peat
Lattimore or Ramczyk (or both)

Total cap space made $110M


https://www.cbssports.com/nfl/news/a...-restructures/

Re: Fielding a team under the 2021 CAP
 

I read that 3 weeks ago and quite possibly posted it on here.

Re: Fielding a team under the 2021 CAP
 

Then you would have read the date which was 5 days ago.

Re: Fielding a team under the 2021 CAP
 

Very much detective work, there.

Re: Fielding a team under the 2021 CAP
 

Yeah, here is another video discussing the same thing. It’s nothing Loomis can’t handle.

Re: Fielding a team under the 2021 CAP
 

Still wondering how the hell we extended Sammich Peat... Did we get value there?

Re: Fielding a team under the 2021 CAP
 

Restructure tumbleweed Peat is in order.

At 9M per season, IMO he under performed. I'd also be open on a trade proposal as well.

Re: Fielding a team under the 2021 CAP
 

Jared Cook needs to geaux.

Re: Fielding a team under the 2021 CAP
 

The defense needs to stay intact. This will help Winston, Hill, or whomever they bring in. That’s why they went 8-1 without Brees.

Re: Fielding a team under the 2021 CAP
 

I don't understand extending Peat. If anything we need to cut or trade him and be done with that awful contract. Financially it's not likely, but I can't see paying Peat rather than replacing him. Good Lawd he's bad!

Re: Fielding a team under the 2021 CAP
 

Maybe we can save some money on Taysom Hill also. If we see him as the starting QB we could likely reduce his 2021 number through restructuring with an extension but it would commit future money to him. If we do not see him as the starting QB he is a very expensive luxury to have a gadget player and backup qb when we are having to make very very deep cuts elsewhere, and there could be a trade market for him. If we trade him, we would need to spend money on Winston or another QB, but a new contract could likely be structured with less money up front.

If we are doomed to have a rebuilding season, it may be better not to extend our problems forward by giving guys like Peat giant cap numbers in 2022-2023, it may be better to just eat the money now and have a rebuilding year. Another way to do this would be to not spread Brees dead cap out and eat it all in 2021 if we can.

Re: Fielding a team under the 2021 CAP
 

Put your CAP cap on :dunce::smokin:. Forget about performance and play ability.
Peat is a $9M cap hit for 2021 and a $19.4M dead money hit if you cut him. If you cut Peat you have to cut another 8 players to get under the cap. No one is going to be interested in Peat for a trade because of his contract.

So you extend him, redistributing his cap liability until you can release him in another year without it gutting the team.

May people are hung up on Peat, Peat is the least of out 2021 issues.

Re: Fielding a team under the 2021 CAP
 

How was easy "sign here for money"... why is bewildering

Re: Fielding a team under the 2021 CAP
 

The original post does not account for needing another $15M for Winston and deciding who goes based on desire to keep isn't a luxury we have this season regrettably.

The cap situation is more serious that people understand, one of the penalties for not getting under it is the loss of draft picks.

We aren't 5-15 million over the CAP, we are more than 1/2 our allotted cap space over.