Taysom Hill creates $7.75 million in cap space with special accounting restructuring

TheOak · 03-16-2021, 04:14 AM

Originally Posted by gosaints1

$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.

They aren’t on your roster because you removed them, that’s your problem and not theirs.

Dead money is not ‘paying people that aren’t working’, it’s deferring the recognition of their sunk cost.

gosaints1 · 03-16-2021, 11:43 AM

Originally Posted by TheOak

They aren’t on your roster because you removed them, that’s your problem and not theirs.

Dead money is not ‘paying people that aren’t working’, it’s deferring the recognition of their sunk cost.

I never said it was a player’s problem, I’ve always said it was an organizational problem. Pretty sure the Eagles are paying Wentz $34M to play somewhere else. Our players are no different. We’ll soon, post 6/1, be above that amount wrt “dead money”.

It’s simple:

1) Dead Money Players are no longer with the organization.

2) The organization is still paying them.

Say it’s for past work, say it’s for future work, say it’s for helping little old ladies across the street, say it’s for going to church, say it’s for defending daylight savings time, say it’s for enjoying wine instead of beer..., I don’t care what each of us say it’s for, bc the dogmatic truth is:

1 & 2 above are facts, unassailable.

AsylumGuido · 03-16-2021, 12:27 PM

Originally Posted by gosaints1

I never said it was a player’s problem, I’ve always said it was an organizational problem. Pretty sure the Eagles are paying Wentz $34M to play somewhere else. Our players are no different. We’ll soon, post 6/1, be above that amount wrt “dead money”.

It’s simple:

1) Dead Money Players are no longer with the organization.

2) The organization is still paying them.

Say it’s for past work, say it’s for future work, say it’s for helping little old ladies across the street, say it’s for going to church, say it’s for defending daylight savings time, say it’s for enjoying wine instead of beer..., I don’t care what each of us say it’s for, bc the dogmatic truth is:

1 & 2 above are facts, unassailable.

While #1 is absolutely true, #2 is absolutely false. The organization paid those players already. Not one penny is now going to them. None. The "dead money" is nothing more than accounting for the earned and previously paid expenditures from prior periods.

THAT is the unassailable fact that you seem to be unable to comprehend.

Every dollar of the Saints 2021 Dead Cap is the result of bonuses paid in prior periods.

Player	POS	Base Salary	Signing Bonus	Roster Bonus	Option Bonus	Workout	Restructure	Misc.	Dead Cap	Cap Hit	Cap %
Janoris Jenkins	CB	-	$6,000,000	$1,200,000	-	-	-	-	-	$7,200,000	3.88
Sheldon Rankins	DT	-	$4,000,000	-	-	-	-	-	-	$4,000,000	2.16
Emmanuel Sanders	WR	-	$4,000,000	-	-	-	-	-	-	$4,000,000	2.16
Jared Cook	TE	-	$2,000,000	-	-	-	-	-	-	$2,000,000	1.08
Thomas Morstead	P	-	$2,000,000	-	-	-	-	-	-	$2,000,000	1.08
Malcom Brown	DT	-	$1,500,000	-	-	-	-	-	-	$1,500,000	0.81
Nick Easton	G	-	$1,000,000	-	-	-	-	-	-	$1,000,000	0.54
Josh Hill	TE	-	$750,000	-	-	-	-	-	-	$750,000	0.40
Saquan Hampton	S	-	$97,604	-	-	-	-	-	-	$97,604	0.05
Tommy Stevens	TE	-	$60,447	-	-	-	-	-	-	$60,447	0.03
Will Clapp	C	-	$18,285	-	-	-	-	-	-	$18,285	0.01
Joe Bachie	LB	-	$10,000	-	-	-	-	-	-	$10,000	0.01
Jordan Steckler	G	-	$10,000	-	-	-	-	-	-	$10,000	0.01
Calvin Throckmorton	T	-	$8,334	-	-	-	-	-	-	$8,334	0.00
Juwan Johnson	WR	-	$6,667	-	-	-	-	-	-	$6,667	0.00
Tony Jones	RB	-	$6,667	-	-	-	-	-	-	$6,667	0.00
Keith Washington	CB	-	$6,667	-	-	-	-	-	-	$6,667	0.00
Tino Ellis	CB	-	$5,000	-	-	-	-	-	-	$5,000	0.00
Darrin Paulo	T	-	$3,334	-	-	-	-	-	-	$3,334	0.00
Chase Hansen	LB	-	$1,668	-	-	-	-	-	-	$1,668	0.00
Gus Cumberlander	DE	-	$1,000	-	-	-	-	-	-	$1,000	0.00
Dead Money:		-	$21,485,673	$1,200,000	-	-	-	-	-	$22,685,673	12.23

AsylumGuido · 03-16-2021, 12:42 PM

Every franchise in the NFL has dead cap in 2021. The league average is $10,773,063. Those numbers will grow by 4:00 PM Wednesday. It is simply part of the game.

jeanpierre · 03-16-2021, 10:42 PM

Originally Posted by AsylumGuido

Every franchise in the NFL has dead cap in 2021. The league average is $10,773,063. Those numbers will grow by 4:00 PM Wednesday. It is simply part of the game.

Get DeadCap is part of it; so if $10.8M is the mean, what percentile to the Saints fall into re: efficiency of dead cap?

TheOak · 03-17-2021, 03:24 AM

Originally Posted by jeanpierre

Get DeadCap is part of it; so if $10.8M is the mean, what percentile to the Saints fall into re: efficiency of dead cap?

Saying “efficiency of dead cap” to me is like saying a brand of cigarettes is healthier than others, there is no positive on dead cap and it’s an inefficiency of cap space. I’d phrase it as a direct calculation, dead cap/total available cap is inefficiency of cap space.

100% efficiency of cap space is no dead money
$10M dead cap on $100M cap is 10% inefficiency.

Dead cap is a problem for Loomis with the league because it hinders talent acquisition and contract negotiation. Dead cap is a problem for Loomis with Gayle Benson because it’s sunk cost/burnt capital which should be a matrix in his contract.

TheOak · 03-17-2021, 03:14 AM

Originally Posted by gosaints1

I never said it was a player’s problem, I’ve always said it was an organizational problem. Pretty sure the Eagles are paying Wentz $34M to play somewhere else. Our players are no different. We’ll soon, post 6/1, be above that amount wrt “dead money”.

It’s simple:

1) Dead Money Players are no longer with the organization.

2) The organization is still paying them.

Say it’s for past work, say it’s for future work, say it’s for helping little old ladies across the street, say it’s for going to church, say it’s for defending daylight savings time, say it’s for enjoying wine instead of beer..., I don’t care what each of us say it’s for, bc the dogmatic truth is:

1 & 2 above are facts, unassailable.

Ahhh beautiful when you say “it’s simple”, use the word “facts” then get it wrong thanks for the millennial trifecta.

#2 is wrong, I explained why it is wrong but instead of trying to understand prorated recognition you double down on wrong... have it your way.

03-16-2021, 11:43 AM	#2
gosaints1 500th Post Join Date: Mar 2012 Posts: 576	Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring Originally Posted by TheOak They aren’t on your roster because you removed them, that’s your problem and not theirs. Dead money is not ‘paying people that aren’t working’, it’s deferring the recognition of their sunk cost. I never said it was a player’s problem, I’ve always said it was an organizational problem. Pretty sure the Eagles are paying Wentz $34M to play somewhere else. Our players are no different. We’ll soon, post 6/1, be above that amount wrt “dead money”. It’s simple: 1) Dead Money Players are no longer with the organization. 2) The organization is still paying them. Say it’s for past work, say it’s for future work, say it’s for helping little old ladies across the street, say it’s for going to church, say it’s for defending daylight savings time, say it’s for enjoying wine instead of beer..., I don’t care what each of us say it’s for, bc the dogmatic truth is: 1 & 2 above are facts, unassailable.
gosaints1 500th Post Join Date: Mar 2012 Posts: 576

03-16-2021, 12:42 PM	#4
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,622	Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring Every franchise in the NFL has dead cap in 2021. The league average is $10,773,063. Those numbers will grow by 4:00 PM Wednesday. It is simply part of the game.

03-16-2021, 10:42 PM	#5
jeanpierre Site Donor 2018 Join Date: Mar 2008 Location: Thibodaux Posts: 43,543 Blog Entries: 39	Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring Originally Posted by AsylumGuido Every franchise in the NFL has dead cap in 2021. The league average is $10,773,063. Those numbers will grow by 4:00 PM Wednesday. It is simply part of the game. Get DeadCap is part of it; so if $10.8M is the mean, what percentile to the Saints fall into re: efficiency of dead cap?

03-17-2021, 03:24 AM	#6
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring Originally Posted by jeanpierre Get DeadCap is part of it; so if $10.8M is the mean, what percentile to the Saints fall into re: efficiency of dead cap? Saying “efficiency of dead cap” to me is like saying a brand of cigarettes is healthier than others, there is no positive on dead cap and it’s an inefficiency of cap space. I’d phrase it as a direct calculation, dead cap/total available cap is inefficiency of cap space. 100% efficiency of cap space is no dead money $10M dead cap on $100M cap is 10% inefficiency. Dead cap is a problem for Loomis with the league because it hinders talent acquisition and contract negotiation. Dead cap is a problem for Loomis with Gayle Benson because it’s sunk cost/burnt capital which should be a matrix in his contract.
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau

03-17-2021, 03:14 AM	#7
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring Originally Posted by gosaints1 I never said it was a player’s problem, I’ve always said it was an organizational problem. Pretty sure the Eagles are paying Wentz $34M to play somewhere else. Our players are no different. We’ll soon, post 6/1, be above that amount wrt “dead money”. It’s simple: 1) Dead Money Players are no longer with the organization. 2) The organization is still paying them. Say it’s for past work, say it’s for future work, say it’s for helping little old ladies across the street, say it’s for going to church, say it’s for defending daylight savings time, say it’s for enjoying wine instead of beer..., I don’t care what each of us say it’s for, bc the dogmatic truth is: 1 & 2 above are facts, unassailable. Ahhh beautiful when you say “it’s simple”, use the word “facts” then get it wrong thanks for the millennial trifecta. #2 is wrong, I explained why it is wrong but instead of trying to understand prorated recognition you double down on wrong... have it your way.

03-16-2021, 04:14 AM	#1
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring Originally Posted by gosaints1 $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. They aren’t on your roster because you removed them, that’s your problem and not theirs. Dead money is not ‘paying people that aren’t working’, it’s deferring the recognition of their sunk cost. AsylumGuido likes this.