AsylumGuido

The Saints are currently setting at about $79 million over the projected 2022 cap. The team should begin making moves to alleviate that deficit soon.

Here is a table on Over the Cap that's shows the cap space of each team and the Restructure Potential of each team. It includes both Simple and Maximum Restructures.

From the above link:

A simple restructure converts payments into prorated signing bonuses within the confines of the remainder of the contract. Teams typically have the ability to unilaterally execute simple restructures without any action necessary from the player.

A maximum restructure increases the amount of cap space via conversion into prorated signing bonuses by either extending the contract or by adding void years to a contract, years that do not extend the contract but are only used as placeholders for the proration. Maximum restructures are typically considered a renegotiation of the contract that requires the player's consent to execute.

The Saints currently have $101,417,471 in simple restructure available which would give them about $21.6 million in available cap space. I follow these restructures every year and am planning on posting them here as I see them happen.

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

AsylumGuido

AsylumGuido

Yes, Kat, there is a restructure.

saintfan

She can't hear you. She's like that 'beautiful' girl your son isn't dating. LOL

You've brought that up in at least three football forums, including this one. Kat doesn't know you're alive speedo. bah hahahaha

SmashMouth

So if the cap does not increase every year, at some point they run out of wiggle room.

AsylumGuido

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)

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

saintsfan1976

New facts won't stop the narrative but it's nice to see some willing to explain we're more than capable of fielding a top flight team next season.

AsylumGuido

The problem is that the narrative is being perpetrated by a media that does not understand the accounting principles behind this relatively new strategy. Nick Underhill is one that appears to "get it". I posted an interview with Khai Hartley recently where he mentioned their use of GAAP (generally accepted accounting principles) when dealing with the CBA and cap. It is a sound methodology. While a background in accounting makes it easier to understand, it isn't necessary.

saintfan

What about the narrative that states - and I'm quoting YOU here little speedo:

"The cap doesn't matter"

How many players might we have kept if, in fact, the cap didn't matter. Perhaps you can enlighten the group on these 'accounting principles'?

Oh and by the way, there's only on "C" in 'necessary'.

AsylumGuido

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