Most of our players now and in the past should be thankful of the generosity of the New Orleans saints org. They will be getting checks in the mail way pass there time in the NFL from spread out cash like a added pension


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Nope. That cash has already been paid to the player and is just being accounted for in later periods. Every time you see cap pushed out into future periods a check for the full amount is almost always given at the time the contract, extension, or restructure, is signed. The rare occasion it doesn't is when both sides agree to the total being paid at a later date within the first year. Extremely rare.

$19M+ in dead money would like to have a conversation with you. I’m just not a fan of paying ppl not to do work for me, but to each their own. >10% of our cap allocation is on players not on our roster.

Exactly! Dead money is the accounting for cash paid out previously in the form of signing bonuses. It isn't payment for people not doing work for you. It is the accounting for what you have already paid people for work already done.

If you were to hire a contractor to do an addition on your house for $50,000 and had to pay him cash at the time of completion you could take out a loan. Let's say it's a five year loan and you pay back $10,000 each year. All the work was completed in year one. It's much the same as dead money. Nobody is doing the work in years two through five but you are still having to account for the money that the contractor has already received.

Dead cap is not wasted cap unless it is guarantees (other than original signing bonus or converted roster bonus) attached to a player released from an initial contract. There are not many of those as it would be basically guaranteed salary which is extremely rare in NFL contracts. In that case all the work wasn't done. But in the case of restructured or extended contracts it usually does apply to work done with accounting pushed out into the future.

From Andrew Brandt:

“Dead money is cap accounting for players no longer on a team’s roster, “dead weight” that hamstrings teams from signing “live” players. We have now seen—within the last month—the two largest dead-money charges in NFL history in Jared Goff and Carson Wentz. These contracts were structured as if there was no way on God’s green earth the teams would exit them early—with tens of millions of future proratable monies (large signing bonuses, guaranteed option and roster bonuses, etc.) pushed out into future years as unamortized proration. Therein lies the rub. When a player separates—through release or trade—all unamortized proration accelerates on the team’s cap.”


https://www.si.com/nfl/2021/03/02/bu...cap-dead-money

It’s “dead-weight”, and prevents you from signing active players. Right now, as we speak, we ARE paying >10% of our salary cap..., on players who aren’t playing for us.

Describe it how you would like but it’s unambiguously a waste of money..., and “dead weight”.

And it wasn't an issue of rolling debt forward till this year; and it's not like the GM or HC would be fired for mismanagement; and if they were, it's the next guys' problem...

But Now local media with premium access to the team were encouraged to report to the ignorant masses that no one could foresee such a Black Swanevent...

Yeah, business owners across South Louisiana haven't experienced such events (e.g. #HurricaneKatrina, #MacondoProspect, #WuhanPandemic...

From Andrew Brandt:

“Dead money is cap accounting for players no longer on a team’s roster, “dead weight” that hamstrings teams from signing “live” players. We have now seen—within the last month—the two largest dead-money charges in NFL history in Jared Goff and Carson Wentz. These contracts were structured as if there was no way on God’s green earth the teams would exit them early—with tens of millions of future proratable monies (large signing bonuses, guaranteed option and roster bonuses, etc.) pushed out into future years as unamortized proration. Therein lies the rub. When a player separates—through release or trade—all unamortized proration accelerates on the team’s cap.”


https://www.si.com/nfl/2021/03/02/bu...cap-dead-money

It’s “dead-weight”, and prevents you from signing active players. Right now, as we speak, we ARE paying >10% of our salary cap..., on players who aren’t playing for us.

Describe it how you would like but it’s unambiguously a waste of money..., and “dead weight”.

You can look at it as "dead weight", if you wish, but it is definitely accounting for services already rendered in the form of signing bonuses and converted roster bonuses. These bonuses are not pay to play. They are pay to be on the roster at the time of payment. Pay to play is salary and salary is not "dead weight/dead money" because it not guaranteed.

Dead money is simply cap used in a prior period. It is not wasted cap. And given the fact that the cap will continue to rise annually (COVID-19 2021 is the lone exception), anything pushed to a future period signifies a lower and lower percentage of the total cap the further out it is pushed. It is perfectly sound cost accounting management. You get more bang for your buck than with same period accounting.

It is the same reason why businesses borrow money for operations, as opposed to using cash on hand, in a revenue growth environment where the revenue grows at a faster pace than the interest on the borrowed funds.

”...salary is not "dead weight/dead money" because it not guaranteed”

Incorrect, salaries can be anything all the way up to “fully guaranteed”. - From the NFL’s web page defining “Dead Money”:

Dead money: Refers to salary a team has already paid or has committed to paying (i.e., a signing bonus, fully guaranteed base salaries, earned bonuses, etc.) but has not been charged against the salary cap.

https://www.nfl.com/news/2020-nfl-fr...p3000001106817

Andrew Brandt was the Packer’s Vice President of Finance, he was a key member in managing a cap for over a decade. Actually, he managed the transfer of contracts from Brett Favre to Aaron Rodgers. I trust him when he says the following:

“Dead money is cap accounting for players no longer on a team’s roster, “dead weight” that hamstrings teams from signing “live” players.”

&

Cap gurus magically create cap room by moving it into future years.

“No. You could do that and, sorry, no, you wouldn’t be a cap guru. You could take a big salary or a big bonus (not currently prorated), turn it into signing bonus (prorated) and, in the stroke of the player’s pen, cap room would magically appear and the problem would be deferred, although not solved.”

And I trust the NFL’s def’n of “dead money” above. We can debate the philosophical differences in managing an NFL team’s cap, but the def’n of dead money is defined, unambiguously, by the NFL. Seriously..., do you just wake up in the morning and decide to make crap up?

$19M+ in dead money would like to have a conversation with you. I’m just not a fan of paying ppl not to do work for me, but to each their own. >10% of our cap allocation is on players not on our roster.