Saints 2022 Cap Restructure Potential

FinSaint · 02-27-2022, 01:31 PM

Originally Posted by rezburna

I have no idea. You stumped me.

Maybe the failclowns?!

They seem to have a hard on for the Saints with the hiring of Fontenot and now Pace.

Lord_Saint83 · 02-27-2022, 06:00 PM

Originally Posted by saintfan

Who would want Hill? I could see him being a significant upgrade for a lot of teams, even as a starter.

I meant more along the lines of the injuries he has sustained. That concussion and that lisfranc injury might scare some teams coupled with his contract

saintfan · 02-27-2022, 07:07 PM

Originally Posted by Lord_Saint83

I meant more along the lines of the injuries he has sustained. That concussion and that lisfranc injury might scare some teams coupled with his contract

Good points which I hadn't even considered. The concussion not so much but the lisfranc could scare some teams away. Honestly though I think we, generally speaking, sell him short as a QB. I really wouldn't be mad if we went with him as the starter. Not suggesting he's the long term answer, but I haven't seen enough to write him off.

leilung · 03-01-2022, 07:11 AM

Not sure if this popped on another thread, but Thomas and Ramczyk have been restructured, freeing up $26.2 million in space. Loomis continues his shell game with cap $....

https://profootballtalk.nbcsports.co...-ryan-ramczyk/

AsylumGuido · 03-01-2022, 08:59 AM

Originally Posted by leilung

Not sure if this popped on another thread, but Thomas and Ramczyk have been restructured, freeing up $26.2 million in space. Loomis continues his shell game with cap $....

https://profootballtalk.nbcsports.co...-ryan-ramczyk/

Yup. Here's the updated list of restructures from Spotrac. Peat just became official today.

MAR 1 2022
Andrus Peat, G
Converted $9.73M of 2022 base salary into signing bonus, adding two void years, clearing $7.7M of cap space with New Orleans (NO)

FEB 26 2022
Ryan Ramczyk, RT
Converted $9.465M of 2022 base salary & an $8.74M roster bonus into signing bonus, clearing $14.5M of cap space with New Orleans (NO)

FEB 26 2022
Michael Thomas, WR
Converted $14.3M of 2022 base salary & a $250,000 roster bonus into signing bonus, adding two void years, clearing $11.6M of cap space with New Orleans

leilung · 03-01-2022, 11:18 AM

Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something?

Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter!

saintfan · 03-01-2022, 11:26 AM

Originally Posted by leilung

Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something?

Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter!

Bah hahahaha

Now, here comes speedo to remind us all of his BA...

3, 2, 1...

SaintFanInATLHELL · 03-01-2022, 02:40 PM

Originally Posted by leilung

Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something?

Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter!

Take a look at the history of the NFL salary cap:

https://www.spotrac.com/nfl/cba/

Each and every year the cap has grown, with one single exception due to a global pandemic.

The Saints are not robbing Peter to pay Paul. The Saints are using future growth to fund the present. And as long as that future growth occurs, there will be funds to keep it going.

Where the system falls down a bit is when a player caught up in "kick the can" finally leaves the organization. Their dead money comes due for a 1 or 2 year period where they count against the cap, but are not actually playing for the team. Brees is a perfect example of this. Even in 2022, his dead money is $11.5 million which counts against the cap. It's a vampire drain on resources.

But considering the alternative is to let players go into free agency, it's a strategy that is generally sustainable. It both facilitates the Saints keeping the productive players they need, and to offer flexible enough funding that they can continue to fill the holes that they have.

SFIAH

AsylumGuido · 03-01-2022, 03:11 PM

Originally Posted by leilung

Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something?

Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter!

SFIAH is right. The restructuring is all part of a sound cost accounting strategy. You can either account for $10 million now when it is 10% of a total $100 million cap or you can account for it later when the same $10 million is only 8.3% of a $120 million cap.

The Saints structure the contracts with heavy base salaries and annual roster bonuses that can be automatically converted and prorated as needed. More and more franchises are starting to use the same method due to the continued success of the Saints.

saintfan · 03-01-2022, 03:21 PM

Originally Posted by saintfan

Bah hahahaha

Now, here comes speedo to remind us all of his BA...

3, 2, 1...

Right on schedule...

02-27-2022, 01:31 PM	#61
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,956	Re: Saints 2022 Cap Restructure Potential Originally Posted by rezburna I have no idea. You stumped me. Maybe the failclowns?! They seem to have a hard on for the Saints with the hiring of Fontenot and now Pace.

02-27-2022, 06:00 PM	#62
Lord_Saint83 100% Blunt Join Date: Jun 2013 Location: Saint Gabriel, La Posts: 2,754	Re: Saints 2022 Cap Restructure Potential Originally Posted by saintfan Who would want Hill? I could see him being a significant upgrade for a lot of teams, even as a starter. I meant more along the lines of the injuries he has sustained. That concussion and that lisfranc injury might scare some teams coupled with his contract

02-27-2022, 07:07 PM	#63
saintfan Donated Plasma Join Date: Jul 2002 Location: San Francisco, CA Posts: 18,556 Blog Entries: 5	Re: Saints 2022 Cap Restructure Potential Originally Posted by Lord_Saint83 I meant more along the lines of the injuries he has sustained. That concussion and that lisfranc injury might scare some teams coupled with his contract Good points which I hadn't even considered. The concussion not so much but the lisfranc could scare some teams away. Honestly though I think we, generally speaking, sell him short as a QB. I really wouldn't be mad if we went with him as the starter. Not suggesting he's the long term answer, but I haven't seen enough to write him off.

03-01-2022, 07:11 AM	#64
leilung Booty Bandit Join Date: Oct 2005 Location: The Wastelands that are NJ Posts: 1,165	Re: Saints 2022 Cap Restructure Potential Not sure if this popped on another thread, but Thomas and Ramczyk have been restructured, freeing up $26.2 million in space. Loomis continues his shell game with cap $.... https://profootballtalk.nbcsports.co...-ryan-ramczyk/

03-01-2022, 08:59 AM	#65
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,395	Re: Saints 2022 Cap Restructure Potential Originally Posted by leilung Not sure if this popped on another thread, but Thomas and Ramczyk have been restructured, freeing up $26.2 million in space. Loomis continues his shell game with cap $.... https://profootballtalk.nbcsports.co...-ryan-ramczyk/ Yup. Here's the updated list of restructures from Spotrac. Peat just became official today. MAR 1 2022 Andrus Peat, G Converted $9.73M of 2022 base salary into signing bonus, adding two void years, clearing $7.7M of cap space with New Orleans (NO) FEB 26 2022 Ryan Ramczyk, RT Converted $9.465M of 2022 base salary & an $8.74M roster bonus into signing bonus, clearing $14.5M of cap space with New Orleans (NO) FEB 26 2022 Michael Thomas, WR Converted $14.3M of 2022 base salary & a $250,000 roster bonus into signing bonus, adding two void years, clearing $11.6M of cap space with New Orleans
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03-01-2022, 11:18 AM	#66
leilung Booty Bandit Join Date: Oct 2005 Location: The Wastelands that are NJ Posts: 1,165	Re: Saints 2022 Cap Restructure Potential Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something? Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter! saintfan, papz and K Major like this.

03-01-2022, 11:26 AM	#67
saintfan Donated Plasma Join Date: Jul 2002 Location: San Francisco, CA Posts: 18,556 Blog Entries: 5	Re: Saints 2022 Cap Restructure Potential Originally Posted by leilung Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something? Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter! Bah hahahaha Now, here comes speedo to remind us all of his BA... 3, 2, 1...

03-01-2022, 02:40 PM	#68
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,647	Re: Saints 2022 Cap Restructure Potential Originally Posted by leilung Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something? Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter! Take a look at the history of the NFL salary cap: https://www.spotrac.com/nfl/cba/ Each and every year the cap has grown, with one single exception due to a global pandemic. The Saints are not robbing Peter to pay Paul. The Saints are using future growth to fund the present. And as long as that future growth occurs, there will be funds to keep it going. Where the system falls down a bit is when a player caught up in "kick the can" finally leaves the organization. Their dead money comes due for a 1 or 2 year period where they count against the cap, but are not actually playing for the team. Brees is a perfect example of this. Even in 2022, his dead money is $11.5 million which counts against the cap. It's a vampire drain on resources. But considering the alternative is to let players go into free agency, it's a strategy that is generally sustainable. It both facilitates the Saints keeping the productive players they need, and to offer flexible enough funding that they can continue to fill the holes that they have. SFIAH leilung and AsylumGuido like this.
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03-01-2022, 03:11 PM	#69
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,395	Re: Saints 2022 Cap Restructure Potential Originally Posted by leilung Does anyone else have a problem with this? It seems like we are caught in an endless cycle of restructure to remain competitive/ relevant. Or am I missing something? Looks like we're stuck with robbing Peter to pay Paul. The thing some people fail to recognize is that sooner or later, you'll end up with a sore Peter! SFIAH is right. The restructuring is all part of a sound cost accounting strategy. You can either account for $10 million now when it is 10% of a total $100 million cap or you can account for it later when the same $10 million is only 8.3% of a $120 million cap. The Saints structure the contracts with heavy base salaries and annual roster bonuses that can be automatically converted and prorated as needed. More and more franchises are starting to use the same method due to the continued success of the Saints.

03-01-2022, 03:21 PM	#70
saintfan Donated Plasma Join Date: Jul 2002 Location: San Francisco, CA Posts: 18,556 Blog Entries: 5	Re: Saints 2022 Cap Restructure Potential Originally Posted by saintfan Bah hahahaha Now, here comes speedo to remind us all of his BA... 3, 2, 1... Right on schedule... K Major likes this.