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Join Date: Sep 2007
Location: Bossier City, LA
Posts: 26,622
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Re: Saints 2022 Cap Restructure Potential
Originally Posted by SmashMouth
So if the cap does not increase every year, at some point they run out of wiggle room.
Correct. But, that has happened just one time in the history of the cap and was able to be absorbed. The new broadcast contracts guarantee the cap will continue to grow at an even faster pace through the 2033 season. Of course, another pandemic could happen, I suppose. More and more clubs are starting to structure contracts, especially the big ones, to take advantage of the current versus future value concept that the Saints' Loomis and Khai Harley have been using for years.
Check out the roster bonuses built into Mahomes' contract. He has $315.5 million in remaining roster bonuses built into it that can automatically be converted annually into signing bonuses and prorated into future periods through the 2032 season. It's not a coincidence that this corresponds to the term of the new broadcast contracts and projected cap explosion:
YEAR | | AGE | BASE SALARY | SIGNING | ROSTER | WORKOUT | RESTRUCTURE | CAP HIT | DEAD CAP | YEARLY CASH | | 2020 | Contract details by year | 25 | $825,000 | $4,521,508 | - | - | - | $5,346,508 | $64,953,413 | | | $10,926,636 | | | | | | | | | | | | ($10,926,636) | | | | | | | | | | | | 2021 | Contract details by year | 26 | $990,000 | $2,000,000 | - | $100,000 | $4,343,381 | $7,433,381 | $99,506,905 | | | $22,806,905 | | | | | | | | | | | | ($33,733,541) | | | | | | | | | | | | 2022 | Contract details by year | 27 | $1,500,000 | $2,000,000 | $27,400,000 | $550,000 | $4,343,381 | $35,793,381 | $92,173,524 | | | $29,450,000 | | | | | | | | | | | | ($63,183,541) | | | | | | | | | | | | 2023 | Contract details by year | 28 | $5,500,000 | $2,000,000 | $34,400,000 | $550,000 | $4,343,381 | $46,793,381 | $56,930,143 | | | $40,450,000 | | | | | | | | | | | | ($103,633,541) | | | | | | | | | | | | 2024 | Contract details by year | 29 | $2,500,000 | $2,000,000 | $34,900,000 | $550,000 | $4,343,381 | $44,293,381 | $10,686,762 | | | $37,950,000 | | | | | | | | | | | | ($141,583,541) | | | | | | | | | | | | 2025 | Contract details by year | 30 | $2,500,000 | - | $38,900,000 | $550,000 | $4,343,381 | $46,293,381 | $4,343,381 | | | $41,950,000 | | | | | | | | | | | | ($183,533,541) | | | | | | | | | | | | 2026 | Contract details by year | 31 | $2,500,000 | - | $38,900,000 | $550,000 | - | $41,950,000 | - | | | $41,950,000 | | | | | | | | | | | | ($225,483,541) | | | | | | | | | | | | 2027 | Contract details by year | 32 | $10,000,000 | - | $49,400,000 | $550,000 | - | $59,950,000 | - | | | $59,950,000 | | | | | | | | | | | | ($285,433,541) | | | | | | | | | | | | 2028 | Contract details by year | 33 | $13,000,000 | - | $30,900,000 | $550,000 | - | $44,450,000 | - | | | $44,450,000 | | | | | | | | | | | | ($329,883,541) | | | | | | | | | | | | 2029 | Contract details by year | 34 | $20,500,000 | - | $23,900,000 | $550,000 | - | $44,950,000 | - | | | $44,950,000 | | | | | | | | | | | | ($374,833,541) | | | | | | | | | | | | 2030 | Contract details by year | 35 | $27,000,000 | - | $22,900,000 | $550,000 | - | $50,450,000 | - | | | $50,450,000 | | | | | | | | | | | | ($425,283,541) | | | | | | | | | | | | 2031 | Contract details by year | 36 | $38,000,000 | - | $13,900,000 | $550,000 | - | $52,450,000 | - | | | $52,450,000 | | | | | | | | | | | | ($477,733,541) | | | | | | | | | | | |
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