BakoSaint

Everyone said Peat, Thomas, and Winston were gone this offseason. We kept all 3 because there was a way to restructure and save off this years cap even if it cost us in future years and we needed to get under the 2023 cap. Expecting something different in 2024 in the definition of insanity. We are over the cap again for 2024 and Loomis has been publicly criticized about dead cap and will seek to minimize it on paper with more aggressive restructuring. I hope we get rid of one but the most likely outcome is that all 3 remain Saints in 2024 even if none are healthy and productive. They will agree to take modest pay cuts knowing no other team would offer a cent and that will allow us to pay them in a signing bonus prorated over 5 void years and prevent their dead cap prorated to future years from hitting now. Anyway maybe we will move on from one of these players or maybe we wont but you cant blame me for being skeptical when i wouldnt be any more wrong than the people who said they would already be gone. Every year you can structure a 1 year extension with 5 void years so only 1/3 of the cost hits in year 1 and 2/3 is prorated to void years 2-6. If you do this, it is always cheaper to do it again the next year than to take the cap hit now, on a 1 year basis, in perpetuity. Until I am proven wrong, Mickey Loomis and Khai Harley are the innovators who have brought the concept of a lifetime annuity to NFL roster management.