Saints 2022 Cap Restructure Potential

WW_Who_Dat · 02-24-2022, 08:26 PM

Originally Posted by Crusader

I put him on the ignore list an all of a sudden the forum was enjoyable again. No real insights on the team or football in general missed either.

Had him on the ignore list but his crap started showing up. I guess since he is a moderator there will be action taken to stop this inappropriate crap on a board that serve many.

saintfan · 02-24-2022, 09:49 PM

Originally Posted by WW_Who_Dat

Had him on the ignore list but his crap started showing up. I guess since he is a moderator there will be action taken to stop this inappropriate crap on a board that serve many.

Yep - waiting for little speedo to acknowledge and apologize. The "inappropriate crap" has stopped in fact. Speedo has attacked nobody in about a month, minus a few slipups on his part. Keep feeding his ego and this whole mess keeps on keeping on. Just keep me on iggy and get on with it.

AsylumGuido · 02-25-2022, 07:59 AM

Here's a listing of the restructures from last year when we were in excess of $100 million over the cap. This year ought to be a piece of cake. LOL! The first two on the list, the most recent, cleared space for later moves.

SEP 21 2021
Tre'quan Smith, WR
Converted $1.19M of 2021 salary into bonus, clearing $954,433 of cap space with New Orleans (NO)

JUN 8 2021
Marshon Lattimore, CB
Converted $9.254 million of 2021 salary into bonus clearing $7.4M of cap space with New Orleans (NO)

MAR 17 2021
Terron Armstead, LT
Converted $10.075M of 2021 salary into bonus, clearing $6.7M of cap space with New Orleans (NO)

MAR 14 2021
Taysom Hill, QB
Signed a 1 year $12.159 million restructured contract with New Orleans (NO)

MAR 12 2021
Michael Thomas, WR
Converted $11.61M of 2021 salary into bonus, clearing $8.7M of cap space with New Orleans (NO)

MAR 10 2021
Andrus Peat, G
Converted $8.01M of 2021 salary into bonus, clearing $6M of cap space with New Orleans (NO)

MAR 10 2021
Malcolm Jenkins, FS
Converted $5.125M of 2021 salary into bonus, clearing $3.416M of cap space with New Orleans (NO)

MAR 6 2021
Demario Davis, OLB
Converted $5.225M of 2021 salary/bonus into signing bonus, clearing $3.91M of cap space with New Orleans (NO)

MAR 6 2021
Cameron Jordan, DE
Converted $12.725M of 2021 salary/bonus into signing bonus, clearing $9.54M of space with New Orleans (NO)

MAR 4 2021
Wil Lutz, K
Converted $2.61M of 2021 salary & roster bonus into signing bonus, clearing $1.74M of cap space

MAR 3 2021
David Onyemata, DT
Converted $6.51M of 2021 salary & bonus into signing bonus, clearing $4.34M of cap space with New Orleans (NO)

FEB 5 2021
Drew Brees, QB
Reduced his 2021 salary from $25M to $1.075M for release purposes, clearing $23.925M of cap space with New Orleans (NO)

saintfan · 02-25-2022, 09:39 AM

Originally Posted by AsylumGuido

Here's a listing of the restructures from last year

Last year's restructures in the 2022 thread? Maybe you should start a "last years contract moves" thread and feed your ego there? That'd be amazin little speedo....

AsylumGuido · 02-26-2022, 09:57 AM

The restructures have begun!

JOHN HENDRIX 17 MINUTES AGO

Mickey Loomis and Khai Harley are going to work to get the Saints under the salary cap. We hear about how this is such a daunting task every year, but the New Orleans front office gets it done. According to ESPN's Field Yates, the team has freed up $26.2 million in cap space with the contracts of Michael Thomas and Ryan Ramczyk.

Source: the Saints’ cap moves are underway, as they’ve converted $14.565M of Michael Thomas’ compensation for 2022 and $18,206,608 of OT Ryan Ramczyk’s compensation for 2022 into signing bonuses, creating $26.217M in cap space.

Things were a lot more straightforward entering this offseason, as the team isn't faced with a situation like COVID where they had to slash, trim and cut people to get under. Restructures will be a common theme as we build up to the new season.

This means Michael Thomas is playing with the Saints in 2022, and that's hardly a shock. Many talking heads thought the Saints would move on from him, but everything we heard about the situation from last season was resolved and things are great between him and the Saints.

Thomas is ready to play, and the move to convert his compensation further echoes that. If the team were to move on from him at any point now, they'd have to eat that $14.565 million this season plus some.

The new league year is set for March 16, and New Orleans has a good bit of work ahead. However, this is a huge move to slash just over 34 percent of their deficit.

AsylumGuido · 02-26-2022, 10:03 AM

To summarize ...

WR Michael Thomas - converted $14.565 million

OT Ryan Ramczyk - converted $18.206608 million

Total Cap Space added - $26.217 million after conversion

As the article states, that's over one third of the total deficit recovered after only two moves.

This also means that Michael Thomas isn't going anywhere!

AsylumGuido · 02-26-2022, 10:59 AM

Final details of the first of many 2022 restructures finally posted to spotrac.

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 (NO)

02-24-2022, 08:26 PM	#1
WW_Who_Dat 1000 Posts + Join Date: Nov 2009 Location: Lafayette, La and Valencia CA Posts: 1,281 Blog Entries: 1	Re: Saints 2022 Cap Restructure Potential Originally Posted by Crusader I put him on the ignore list an all of a sudden the forum was enjoyable again. No real insights on the team or football in general missed either. Had him on the ignore list but his crap started showing up. I guess since he is a moderator there will be action taken to stop this inappropriate crap on a board that serve many. Rugby Saint II likes this.

02-24-2022, 09:49 PM	#2
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 WW_Who_Dat Had him on the ignore list but his crap started showing up. I guess since he is a moderator there will be action taken to stop this inappropriate crap on a board that serve many. Yep - waiting for little speedo to acknowledge and apologize. The "inappropriate crap" has stopped in fact. Speedo has attacked nobody in about a month, minus a few slipups on his part. Keep feeding his ego and this whole mess keeps on keeping on. Just keep me on iggy and get on with it. K Major likes this.

02-25-2022, 07:59 AM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,768	Re: Saints 2022 Cap Restructure Potential Here's a listing of the restructures from last year when we were in excess of $100 million over the cap. This year ought to be a piece of cake. LOL! The first two on the list, the most recent, cleared space for later moves. SEP 21 2021 Tre'quan Smith, WR Converted $1.19M of 2021 salary into bonus, clearing $954,433 of cap space with New Orleans (NO) JUN 8 2021 Marshon Lattimore, CB Converted $9.254 million of 2021 salary into bonus clearing $7.4M of cap space with New Orleans (NO) MAR 17 2021 Terron Armstead, LT Converted $10.075M of 2021 salary into bonus, clearing $6.7M of cap space with New Orleans (NO) MAR 14 2021 Taysom Hill, QB Signed a 1 year $12.159 million restructured contract with New Orleans (NO) MAR 12 2021 Michael Thomas, WR Converted $11.61M of 2021 salary into bonus, clearing $8.7M of cap space with New Orleans (NO) MAR 10 2021 Andrus Peat, G Converted $8.01M of 2021 salary into bonus, clearing $6M of cap space with New Orleans (NO) MAR 10 2021 Malcolm Jenkins, FS Converted $5.125M of 2021 salary into bonus, clearing $3.416M of cap space with New Orleans (NO) MAR 6 2021 Demario Davis, OLB Converted $5.225M of 2021 salary/bonus into signing bonus, clearing $3.91M of cap space with New Orleans (NO) MAR 6 2021 Cameron Jordan, DE Converted $12.725M of 2021 salary/bonus into signing bonus, clearing $9.54M of space with New Orleans (NO) MAR 4 2021 Wil Lutz, K Converted $2.61M of 2021 salary & roster bonus into signing bonus, clearing $1.74M of cap space MAR 3 2021 David Onyemata, DT Converted $6.51M of 2021 salary & bonus into signing bonus, clearing $4.34M of cap space with New Orleans (NO) FEB 5 2021 Drew Brees, QB Reduced his 2021 salary from $25M to $1.075M for release purposes, clearing $23.925M of cap space with New Orleans (NO) Crusader likes this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

02-25-2022, 09:39 AM	#4
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 AsylumGuido Here's a listing of the restructures from last year Last year's restructures in the 2022 thread? Maybe you should start a "last years contract moves" thread and feed your ego there? That'd be amazin little speedo....

02-26-2022, 09:57 AM	#5
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,768	Re: Saints 2022 Cap Restructure Potential The restructures have begun! Twitter JOHN HENDRIX 17 MINUTES AGO Mickey Loomis and Khai Harley are going to work to get the Saints under the salary cap. We hear about how this is such a daunting task every year, but the New Orleans front office gets it done. According to ESPN's Field Yates, the team has freed up $26.2 million in cap space with the contracts of Michael Thomas and Ryan Ramczyk. Source: the Saints’ cap moves are underway, as they’ve converted $14.565M of Michael Thomas’ compensation for 2022 and $18,206,608 of OT Ryan Ramczyk’s compensation for 2022 into signing bonuses, creating $26.217M in cap space. Things were a lot more straightforward entering this offseason, as the team isn't faced with a situation like COVID where they had to slash, trim and cut people to get under. Restructures will be a common theme as we build up to the new season. This means Michael Thomas is playing with the Saints in 2022, and that's hardly a shock. Many talking heads thought the Saints would move on from him, but everything we heard about the situation from last season was resolved and things are great between him and the Saints. Thomas is ready to play, and the move to convert his compensation further echoes that. If the team were to move on from him at any point now, they'd have to eat that $14.565 million this season plus some. The new league year is set for March 16, and New Orleans has a good bit of work ahead. However, this is a huge move to slash just over 34 percent of their deficit.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

02-26-2022, 10:03 AM	#6
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,768	Re: Saints 2022 Cap Restructure Potential To summarize ... WR Michael Thomas - converted $14.565 million OT Ryan Ramczyk - converted $18.206608 million Total Cap Space added - $26.217 million after conversion As the article states, that's over one third of the total deficit recovered after only two moves. This also means that Michael Thomas isn't going anywhere!

02-26-2022, 10:59 AM	#7
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,768	Re: Saints 2022 Cap Restructure Potential Final details of the first of many 2022 restructures finally posted to spotrac. 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 (NO)

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