Report: Saints make Ramczyk highest-paid RT with 5-year, $90M extension

neugey · 06-30-2021, 04:21 PM

Mickey I don't know how you do it!!!

SaintFanInATLHELL · 06-30-2021, 05:00 PM

Originally Posted by neugey

Mickey I don't know how you do it!!!

I cannot yet see who gets what in the short term. Need to wait for the details of how the $60 million GTD money is apportioned.

Longer term it's simple what Loomis does. He charges against future increases in the salary cap. And for every year except 2020 he's been right on the money. The cap is already scheduled to jump $26 million next year. He'll pay Ramczyk out of those funds and further increases in 2023 and beyond.

SFIAH

jeanpierre · 06-30-2021, 05:15 PM

Originally Posted by SaintFanInATLHELL

I cannot yet see who gets what in the short term. Need to wait for the details of how the $60 million GTD money is apportioned.

Longer term it's simple what Loomis does. He charges against future increases in the salary cap. And for every year except 2020 he's been right on the money. The cap is already scheduled to jump $26 million next year. He'll pay Ramczyk out of those funds and further increases in 2023 and beyond.

SFIAH

It's kinda like what Congress and our State Legislature do with budgets...

Black Swan events like the Wuhan Pandemic are a warning for better fiscal practices and flexibility, but when it comes to sports, fans don't care...

AsylumGuido · 06-30-2021, 06:01 PM

Originally Posted by SaintFanInATLHELL

I cannot yet see who gets what in the short term. Need to wait for the details of how the $60 million GTD money is apportioned.

Longer term it's simple what Loomis does. He charges against future increases in the salary cap. And for every year except 2020 he's been right on the money. The cap is already scheduled to jump $26 million next year. He'll pay Ramczyk out of those funds and further increases in 2023 and beyond.

SFIAH

It is extremely sound accounting fundamentals. We learned those principals in my favorite accounting course - Cost Accounting. Loomis has translated it into the NFL realm with the players being material cost. Labor, expenses, and overhead costs are on the management level in the NFL.

ChrisXVI · 07-02-2021, 11:55 AM

JP, you may find this interesting…

K Major likes this.

06-30-2021, 04:21 PM	#21
neugey Hu Dat! Join Date: Dec 2004 Posts: 6,715 Blog Entries: 13	Re: Report: Saints make Ramczyk highest-paid RT with 5-year, $90M extension Mickey I don't know how you do it!!! Rugby Saint II likes this.

06-30-2021, 05:00 PM	#22
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,776	Re: Report: Saints make Ramczyk highest-paid RT with 5-year, $90M extension Originally Posted by neugey Mickey I don't know how you do it!!! I cannot yet see who gets what in the short term. Need to wait for the details of how the $60 million GTD money is apportioned. Longer term it's simple what Loomis does. He charges against future increases in the salary cap. And for every year except 2020 he's been right on the money. The cap is already scheduled to jump $26 million next year. He'll pay Ramczyk out of those funds and further increases in 2023 and beyond. SFIAH

06-30-2021, 05:15 PM	#23
jeanpierre Site Donor 2018 Join Date: Mar 2008 Location: Thibodaux Posts: 43,543 Blog Entries: 39	Re: Report: Saints make Ramczyk highest-paid RT with 5-year, $90M extension Originally Posted by SaintFanInATLHELL I cannot yet see who gets what in the short term. Need to wait for the details of how the $60 million GTD money is apportioned. Longer term it's simple what Loomis does. He charges against future increases in the salary cap. And for every year except 2020 he's been right on the money. The cap is already scheduled to jump $26 million next year. He'll pay Ramczyk out of those funds and further increases in 2023 and beyond. SFIAH It's kinda like what Congress and our State Legislature do with budgets... Black Swan events like the Wuhan Pandemic are a warning for better fiscal practices and flexibility, but when it comes to sports, fans don't care...
	Last edited by jeanpierre; 07-01-2021 at 02:48 AM..

06-30-2021, 06:01 PM	#24
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,274	Re: Report: Saints make Ramczyk highest-paid RT with 5-year, $90M extension Originally Posted by SaintFanInATLHELL I cannot yet see who gets what in the short term. Need to wait for the details of how the $60 million GTD money is apportioned. Longer term it's simple what Loomis does. He charges against future increases in the salary cap. And for every year except 2020 he's been right on the money. The cap is already scheduled to jump $26 million next year. He'll pay Ramczyk out of those funds and further increases in 2023 and beyond. SFIAH It is extremely sound accounting fundamentals. We learned those principals in my favorite accounting course - Cost Accounting. Loomis has translated it into the NFL realm with the players being material cost. Labor, expenses, and overhead costs are on the management level in the NFL.

07-02-2021, 11:55 AM	#25
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Report: Saints make Ramczyk highest-paid RT with 5-year, $90M extension JP, you may find this interesting… Twitter K Major likes this.

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