Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan

AsylumGuido · 03-06-2021, 04:29 PM

Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan

The Saints entered the offseason with the worst salary cap situation in football, standing tens of millions above the announced floor. Both points remain true a month later. But they put another sizable dent in their debt Saturday.

New Orleans restructured the contracts of linebacker Demario Davis and defensive end Cameron Jordan to create $13,443,750 million of cap room, NFL Network Insider Ian Rapoport reported. They're the latest in a series of moves since the Super Bowl aimed at approaching the league's soft minimum.

The first was renegotiating Drew Brees' deal, which shaved off more than $24 million of his 2021 cap hit. In the past week, the Saints restructured contracts for defensive tackle David Onyemata and kicker Wil Lutz and released tight ends Jared Cook and Josh Hill and punter Thomas Morstead.

More movement is inevitable for New Orleans, which is still about $49 million above the $180 million floor, per Over The Cap. Trading away notable names could come next. But the club is making headway on what might feel like an endless endeavor.

ChrisXVI · 03-06-2021, 06:00 PM

So at this point we have to extend Lattimore, Ramczyk and Alexander. That’ll get us really close to being under.

AsylumGuido · 03-06-2021, 06:45 PM

The front office have known the minimum cap of $175 million since the CBA was finalized in July. They have been planning all of these move since then. The extra bump of $5 million or more with the latest estimate just makes it a bit easier for them. They are not flying by the seats of their pants. This is all well planned for quite some time.

lee909 · 03-06-2021, 09:36 PM

They've known it would jump but let's be honest when Loomis initially sorted these deals he thought he was dealing with a 200ml plus cap. That isn't a criticism as nobody could see this coming. But it shows how planning on a continously jumping cap can be perilous in a worst case scenario

TheOak · 03-07-2021, 07:13 AM

Originally Posted by lee909

They've known it would jump but let's be honest when Loomis initially sorted these deals he thought he was dealing with a 200ml plus cap. That isn't a criticism as nobody could see this coming. But it shows how planning on a continously jumping cap can be perilous in a worst case scenario

Honestly I don't think Loomis makes deals with any cap other than the present years in mind. Next year is always an uncertainty so he just deals with it when it comes.

neugey · 03-07-2021, 07:45 AM

I want Loomis to do my taxes. He'd probably get me a return that is about half the size of my salary.

Rugby Saint II · 03-07-2021, 05:03 PM

Keep an eye out for possible trades or straight out cuts. It's going to be tougher this year to work the salary cap magic Mickey is known for. Tough but not impossible. Without a doubt we will lose a couple of fan favorites.

K Major · 03-07-2021, 07:15 PM

Originally Posted by Rugby Saint II

Keep an eye out for possible trades or straight out cuts. It's going to be tougher this year to work the salary cap magic Mickey is known for. Tough but not impossible. Without a doubt we will lose a couple of fan favorites.

It's already started unfortunately

. Morestead and Josh Hill.

Restructure, backloading deals and continue to draft well is the name of the game.

I think Armstead is next in line for a restructure.

SmashMouth · 03-08-2021, 09:01 AM

Originally Posted by K Major

It's already started unfortunately . Morestead and Josh Hill.

Restructure, backloading deals and continue to draft well is the name of the game.

I think Armstead is next in line for a restructure.

Or a trade... Hopefully Peat goes with him.

Rugby Saint II · 03-08-2021, 01:26 PM

Originally Posted by K Major

It's already started unfortunately . Morestead and Josh Hill.

Restructure, backloading deals and continue to draft well is the name of the game.

I think Armstead is next in line for a restructure.

But...but...he'll be like mid 40's when his contract runs out.

Personally, I am willing to pay him top money to start 3/4 of the games because he so dominant. Not only that, he's been able to play more and more games the last couple of years.

03-06-2021, 04:29 PM	#1
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,274	Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan The Saints entered the offseason with the worst salary cap situation in football, standing tens of millions above the announced floor. Both points remain true a month later. But they put another sizable dent in their debt Saturday. New Orleans restructured the contracts of linebacker Demario Davis and defensive end Cameron Jordan to create $13,443,750 million of cap room, NFL Network Insider Ian Rapoport reported. They're the latest in a series of moves since the Super Bowl aimed at approaching the league's soft minimum. The first was renegotiating Drew Brees' deal, which shaved off more than $24 million of his 2021 cap hit. In the past week, the Saints restructured contracts for defensive tackle David Onyemata and kicker Wil Lutz and released tight ends Jared Cook and Josh Hill and punter Thomas Morstead. More movement is inevitable for New Orleans, which is still about $49 million above the $180 million floor, per Over The Cap. Trading away notable names could come next. But the club is making headway on what might feel like an endless endeavor. SmashMouth likes this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

03-06-2021, 06:00 PM	#2
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan So at this point we have to extend Lattimore, Ramczyk and Alexander. That’ll get us really close to being under.

03-06-2021, 06:45 PM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,274	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan The front office have known the minimum cap of $175 million since the CBA was finalized in July. They have been planning all of these move since then. The extra bump of $5 million or more with the latest estimate just makes it a bit easier for them. They are not flying by the seats of their pants. This is all well planned for quite some time.

03-06-2021, 09:36 PM	#4
lee909 5000 POSTS! + Join Date: Mar 2012 Location: Watford England Posts: 8,809 Blog Entries: 1	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan They've known it would jump but let's be honest when Loomis initially sorted these deals he thought he was dealing with a 200ml plus cap. That isn't a criticism as nobody could see this coming. But it shows how planning on a continously jumping cap can be perilous in a worst case scenario jnormand likes this.

03-07-2021, 07:13 AM	#5
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,027	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan Originally Posted by lee909 They've known it would jump but let's be honest when Loomis initially sorted these deals he thought he was dealing with a 200ml plus cap. That isn't a criticism as nobody could see this coming. But it shows how planning on a continously jumping cap can be perilous in a worst case scenario Honestly I don't think Loomis makes deals with any cap other than the present years in mind. Next year is always an uncertainty so he just deals with it when it comes. SmashMouth likes this.

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03-07-2021, 07:45 AM	#6
neugey Hu Dat! Join Date: Dec 2004 Posts: 6,715 Blog Entries: 13	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan I want Loomis to do my taxes. He'd probably get me a return that is about half the size of my salary. subguy, SmashMouth, Rugby Saint II and 1 others like this.

03-07-2021, 05:03 PM	#7
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,073	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan Keep an eye out for possible trades or straight out cuts. It's going to be tougher this year to work the salary cap magic Mickey is known for. Tough but not impossible. Without a doubt we will lose a couple of fan favorites.

03-07-2021, 07:15 PM	#8
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,622 Blog Entries: 3	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan Originally Posted by Rugby Saint II Keep an eye out for possible trades or straight out cuts. It's going to be tougher this year to work the salary cap magic Mickey is known for. Tough but not impossible. Without a doubt we will lose a couple of fan favorites. It's already started unfortunately . Morestead and Josh Hill. Restructure, backloading deals and continue to draft well is the name of the game. I think Armstead is next in line for a restructure. SmashMouth likes this.

03-08-2021, 09:01 AM	#9
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,201 Blog Entries: 29	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan Originally Posted by K Major It's already started unfortunately . Morestead and Josh Hill. Restructure, backloading deals and continue to draft well is the name of the game. I think Armstead is next in line for a restructure. Or a trade... Hopefully Peat goes with him.

03-08-2021, 01:26 PM	#10
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,073	Re: Saints create $13.4M in cap room with restructured deals for stars Demario Davis and Cameron Jordan Originally Posted by K Major It's already started unfortunately . Morestead and Josh Hill. Restructure, backloading deals and continue to draft well is the name of the game. I think Armstead is next in line for a restructure. But...but...he'll be like mid 40's when his contract runs out. Personally, I am willing to pay him top money to start 3/4 of the games because he so dominant. Not only that, he's been able to play more and more games the last couple of years.