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

this is a discussion within the Saints Community Forum; 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 ...

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Old 03-16-2021, 12:27 PM   #12
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Re: Taysom Hill creates $7.75 million in cap space with special accounting restructuring

Originally Posted by gosaints1 View Post
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.

PlayerPOSBase SalarySigning BonusRoster BonusOption BonusWorkoutRestructureMisc.Dead CapCap HitCap %
Janoris JenkinsCB-$6,000,000$1,200,000-----$7,200,0003.88
Sheldon RankinsDT-$4,000,000------$4,000,0002.16
Emmanuel SandersWR-$4,000,000------$4,000,0002.16
Jared CookTE-$2,000,000------$2,000,0001.08
Thomas MorsteadP-$2,000,000------$2,000,0001.08
Malcom BrownDT-$1,500,000------$1,500,0000.81
Nick EastonG-$1,000,000------$1,000,0000.54
Josh HillTE-$750,000------$750,0000.40
Saquan HamptonS-$97,604------$97,6040.05
Tommy StevensTE-$60,447------$60,4470.03
Will ClappC-$18,285------$18,2850.01
Joe BachieLB-$10,000------$10,0000.01
Jordan StecklerG-$10,000------$10,0000.01
Calvin ThrockmortonT-$8,334------$8,3340.00
Juwan JohnsonWR-$6,667------$6,6670.00
Tony JonesRB-$6,667------$6,6670.00
Keith WashingtonCB-$6,667------$6,6670.00
Tino EllisCB-$5,000------$5,0000.00
Darrin PauloT-$3,334------$3,3340.00
Chase HansenLB-$1,668------$1,6680.00
Gus CumberlanderDE-$1,000------$1,0000.00
Dead Money: -$21,485,673$1,200,000-----$22,685,67312.23

“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill
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