Who's on the bubble?

BakoSaint · 08-28-2023, 02:42 PM

There is no limit to the number of draft picks a team can spend on offensive line or the number of times they can trade back to acquire additional picks. Draft picks used on losers like book, trout man, grayson, etc could have been spent on oline. You can get running backs, safeties, tight ends, and backup qbs in free agency. Jahri Evans, Carl Nicks, Zach Strief, Erik McCoy, Terron Armstead, and Jermon Bushrod were all day 2-3 picks. Offensive line depth is a choice. We chose what having Kendre Miller run into a brick wall and Haener get clobbered in preseason was more important to us than having more oline depth and youth. Out system is to draft a 1st rounder on oline every other year and pay and play them for 10 years whether they are good or garbage and back them up with undrafted players and journeyman who we can blame all our losing seasons on having to play after injuries.

Its not that this isnt the year to move on from Peat. It’s that never is the year to move on. It will always be cheaper to restructure his contract than to take the dead cap hit. If you think he is bad in his 30’s just wait for his 40’s and 50’s.

We extended Andrus Peat in 2020. In the 2020 draft 3rd round the pick after Zach Baun was Jonah Jackson, now a pro bowl Guard.

Boston Saint · 08-28-2023, 02:55 PM

Originally Posted by BakoSaint

There is no limit to the number of draft picks a team can spend on offensive line or the number of times they can trade back to acquire additional picks. Draft picks used on losers like book, trout man, grayson, etc could have been spent on oline. You can get running backs, safeties, tight ends, and backup qbs in free agency. Jahri Evans, Carl Nicks, Zach Strief, Erik McCoy, Terron Armstead, and Jermon Bushrod were all day 2-3 picks. Offensive line depth is a choice. We chose what having Kendre Miller run into a brick wall and Haener get clobbered in preseason was more important to us than having more oline depth and youth. Out system is to draft a 1st rounder on oline every other year and pay and play them for 10 years whether they are good or garbage and back them up with undrafted players and journeyman who we can blame all our losing seasons on having to play after injuries.

Its not that this isnt the year to move on from Peat. It’s that never is the year to move on. It will always be cheaper to restructure his contract than to take the dead cap hit. If you think he is bad in his 30’s just wait for his 40’s and 50’s.

We extended Andrus Peat in 2020. In the 2020 draft 3rd round the pick after Zach Baun was Jonah Jackson, now a pro bowl Guard.

Wow bako, you really reach for reasons to complain about the Saints. I’ve know Falcon fans that give them more credit than you. Having a serious discussion about the Saints with someone that thinks Peat is going to be on the team for another 10 years is futile.

BakoSaint · 08-28-2023, 03:39 PM

Originally Posted by Boston Saint

Wow bako, you really reach for reasons to complain about the Saints. I’ve know Falcon fans that give them more credit than you. Having a serious discussion about the Saints with someone that thinks Peat is going to be on the team for another 10 years is futile.

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.

Boston Saint · 08-28-2023, 04:15 PM

Originally Posted by 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.

You’ve not been proven right either. You speak extremes and talk about how Graham had a concussion and how Peat will be on the roster 10 years from now and complain that they drafted Oline picks in first and second rounds rather than 3rd and 4th rounds and go back 2 drafts 15 years ago as if it proves your point.

AsylumGuido · 08-28-2023, 04:37 PM

Loomis has been criticized by some over dead cap that do not have a clue how salary caps work in the first place.

There are two different types of dead money that can occur within an NFL cap. Realized and unrealized. Or you can call them earned and unearned. Unrealized or unearned dead money occurs when a player is traded or released prior to the end of their effective contract. It is in the form of future guarantees that were never offset by time served by the player for the team or payment for services never rendered. The second type of dead money is realized or earned, or in other words, accounting of payment for services fully rendered in the past within later periods, commonly in the form of voidable years. This second type is what the Saints have most commonly leveraged.

Think of the first as bad cholesterol and the second as good cholesterol.

BakoSaint · 08-28-2023, 05:38 PM

Originally Posted by AsylumGuido

Loomis has been criticized by some over dead cap that do not have a clue how salary caps work in the first place.

There are two different types of dead money that can occur within an NFL cap. Realized and unrealized. Or you can call them earned and unearned. Unrealized or unearned dead money occurs when a player is traded or released prior to the end of their effective contract. It is in the form of future guarantees that were never offset by time served by the player for the team or payment for services never rendered. The second type of dead money is realized or earned, or in other words, accounting of payment for services fully rendered in the past within later periods, commonly in the form of voidable years. This second type is what the Saints have most commonly leveraged.

Think of the first as bad cholesterol and the second as good cholesterol.

Your logic is flawed because it implies that keeping a Carson Wentz, Brock Osweiler, David Johnson, Trey Lance, Jared Goff, or Todd Gurley for the length of their bad contract is good because it makes the dead cap hit into the actually good realized earned kind. The truth is that when you have a bad contract the best thing you can do is bail asap so that even if you take a big unrealized cap hit at least you dont let more money get paid or guaranteed and throw good money after bad. Its best to just take your medicine and move on. In reality unrealized dead cap is usually better than realized dead dead cap because it means you moved on quickly from bad contracts instead of using accounting tricks to delay the cost while increasing it in the long run.

BakoSaint · 08-29-2023, 09:49 PM

Originally Posted by Boston Saint

Wow bako, you really reach for reasons to complain about the Saints. I’ve know Falcon fans that give them more credit than you. Having a serious discussion about the Saints with someone that thinks Peat is going to be on the team for another 10 years is futile.

I will give you some probable numbers for Andrus Peat's restructure/extension in the 2024 offseason. Currently Peat stands to count $13.6 million in dead cap for 2024 and we are $51 million over the cap. $7.4 million of this is previous prorate bonuses assigned to the him for the 2024 cap so we can't erase those but we can prevent $6.2 million prorated to future years from hitting as dead cap in 2024 if we extend Peat next offseason before his contract voids. I am sure Peat and his agent would not say no to $6 million for the year if he finishes as a backup, so take $1 million base salary and $5 million signing bonus prorated over 2024 and void years from 2025-2028, so the base salary $1 million and the prorated bonus portion of $1 million will count against the cap, but $6.2 million will not come due in 2024, so the net cap savings for 2024 will be $4.2 million.

Then in 2025 we will face dead cap of that $6.2 million plus an additional $4 million from the 2024 signing bonus so the dead cap hit will be $10.2 million if Peat moves on. But if Peat extends again in Spring 2025 only $3.7 million of those prorated bonuses will hit but $6.5 million can remain deferred with an extension, so if Peat again agrees to the same $1 million base salary and $5 million bonus prorated over 5 years we can cut the 2025 bill due from $10.2 million to $5.7 million.

But then in 2026 that $6.5 million comes due plus an addition $4 million from the prorated bonus portion of the 2025 signing bonus for a total dead cap hit of $10.5 million. This time $4.7 million is due in 2026 and can't be avoided but $5.8 million can by again signing the same $6 million deal, saving $3.8 million on the 2026 cap.

But then in 2027 that $5.8 million comes due plus $4 million from the 2026 extension for a dead cap hit of $9.8 million. But only $3.8 million of that $9.8 million is due in 2027 and $6 million can be deferred with an extension on the same $6 million deal, keeping Peat's 2027 can number at $5.8 million and saving $4 million on the 2027 cap.

But then in 2028 that $6 million plus the additional $4 million prorated from the 2027 bonus comes due, for a cap hit of $10 million if Peat's contract is allowed to void. But again we can avoid that cap hit with a restructure as only $4 million of the $10 million is due in 2028 and we can sign the same extension deal again to lower Peat's 2028 cap hit from $10 million to $6 million.

From 2029 on this arrangement would achieve a steady state where until we are willing to take a $10 million cap hit to be done with Peat that will look bad in the press as dead cap. We can instead take a $6 million cap hit every year forever in perpetuity instead to retain Peat and claim Loomis is a genius because his is avoiding dead cap and working his magic to get us under the cap each year when the foolish naysayers doubted him. Eventually $6 million will be like nothing in the salary cap, so I think that wisely Loomis will favor this arrangement until he or Peat dies of old age.

SmashMouth · 08-30-2023, 02:06 AM

Originally Posted by BakoSaint

There is no limit to the number of draft picks a team can spend on offensive line or the number of times they can trade back to acquire additional picks. Draft picks used on losers like book, trout man, grayson, etc could have been spent on oline. You can get running backs, safeties, tight ends, and backup qbs in free agency. Jahri Evans, Carl Nicks, Zach Strief, Erik McCoy, Terron Armstead, and Jermon Bushrod were all day 2-3 picks. Offensive line depth is a choice. We chose what having Kendre Miller run into a brick wall and Haener get clobbered in preseason was more important to us than having more oline depth and youth. Out system is to draft a 1st rounder on oline every other year and pay and play them for 10 years whether they are good or garbage and back them up with undrafted players and journeyman who we can blame all our losing seasons on having to play after injuries.

Its not that this isnt the year to move on from Peat. It’s that never is the year to move on. It will always be cheaper to restructure his contract than to take the dead cap hit. If you think he is bad in his 30’s just wait for his 40’s and 50’s.

We extended Andrus Peat in 2020. In the 2020 draft 3rd round the pick after Zach Baun was Jonah Jackson, now a pro bowl Guard.

Originally Posted by AsylumGuido

Loomis has been criticized by some over dead cap that do not have a clue how salary caps work in the first place.

There are two different types of dead money that can occur within an NFL cap. Realized and unrealized. Or you can call them earned and unearned. Unrealized or unearned dead money occurs when a player is traded or released prior to the end of their effective contract. It is in the form of future guarantees that were never offset by time served by the player for the team or payment for services never rendered. The second type of dead money is realized or earned, or in other words, accounting of payment for services fully rendered in the past within later periods, commonly in the form of voidable years. This second type is what the Saints have most commonly leveraged.

Think of the first as bad cholesterol and the second as good cholesterol.

Only caveat is the skill players you want, the great/good ones, aren't typically available in FA. It's an amalgamation of different position groups in the draft. They key is hitting on the talent as the Saints may have appeared to do this year's draft.

BakoSaint · 08-30-2023, 09:57 AM

Originally Posted by SmashMouth

Only caveat is the skill players you want, the great/good ones, aren't typically available in FA. It's an amalgamation of different position groups in the draft. They key is hitting on the talent as the Saints may have appeared to do this year's draft.

Yes but you need balance too. You can't trade away too many picks or you won't hit on enough talent no matter who you pick. Also certain positions are much easier to fill from free agency or udfa than others. Its not so uncommon that an udfa turns into a star RB but its very uncommon at QB. You can get a running back in free agency also who can be quite good and at a discount. Backup QBs in free agency are a dime a dozen so drafting a QB who doesn't have an elite starter ceiling is kind of pointless. You can even find edge rushers cheap in free agency when they have proven they have some inconsistency, like Clowney, much better than you tend to be able to find on oline. It seems really hard to find useful affordable oline in free agency or from UDFA so I think its a key position to invest a combination or 1st and middle round picks to have youth and depth. Most of the best tight ends of all time are middle round picks so ever spending a 1st rounder there is stupid, its only really worked about once a decade across the entire NFL, if that. In general I think the 1st round you go QB, OT, CB, WR, LB, DL because those are high value positions you can sometimes predict. Mid rounds you can continue to add any position but focus on a lot of oline where its hard to get depth, and only draft QBs you feel could start one day. Don't waste mid round picks on kickers, punters, or short backup QBs to sit behind your starter who you financially can't move on from for 5 years. If your team has weaknesses at OG, S, TE, or RB those are prime positions to draft in the mid rounds, so trade back and acquire extra mid round picks.

K Major · 08-30-2023, 10:06 AM

"If you listen to fans, you'll be sitting up there with them". Buddy Ryan

08-28-2023, 02:42 PM	#31
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770	Re: Who's on the bubble? There is no limit to the number of draft picks a team can spend on offensive line or the number of times they can trade back to acquire additional picks. Draft picks used on losers like book, trout man, grayson, etc could have been spent on oline. You can get running backs, safeties, tight ends, and backup qbs in free agency. Jahri Evans, Carl Nicks, Zach Strief, Erik McCoy, Terron Armstead, and Jermon Bushrod were all day 2-3 picks. Offensive line depth is a choice. We chose what having Kendre Miller run into a brick wall and Haener get clobbered in preseason was more important to us than having more oline depth and youth. Out system is to draft a 1st rounder on oline every other year and pay and play them for 10 years whether they are good or garbage and back them up with undrafted players and journeyman who we can blame all our losing seasons on having to play after injuries. Its not that this isnt the year to move on from Peat. It’s that never is the year to move on. It will always be cheaper to restructure his contract than to take the dead cap hit. If you think he is bad in his 30’s just wait for his 40’s and 50’s. We extended Andrus Peat in 2020. In the 2020 draft 3rd round the pick after Zach Baun was Jonah Jackson, now a pro bowl Guard. SmashMouth likes this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770

08-28-2023, 02:55 PM	#32
Boston Saint 1000 Posts + Join Date: Nov 2020 Location: Massachusetts Posts: 4,879	Re: Who's on the bubble? Originally Posted by BakoSaint There is no limit to the number of draft picks a team can spend on offensive line or the number of times they can trade back to acquire additional picks. Draft picks used on losers like book, trout man, grayson, etc could have been spent on oline. You can get running backs, safeties, tight ends, and backup qbs in free agency. Jahri Evans, Carl Nicks, Zach Strief, Erik McCoy, Terron Armstead, and Jermon Bushrod were all day 2-3 picks. Offensive line depth is a choice. We chose what having Kendre Miller run into a brick wall and Haener get clobbered in preseason was more important to us than having more oline depth and youth. Out system is to draft a 1st rounder on oline every other year and pay and play them for 10 years whether they are good or garbage and back them up with undrafted players and journeyman who we can blame all our losing seasons on having to play after injuries. Its not that this isnt the year to move on from Peat. It’s that never is the year to move on. It will always be cheaper to restructure his contract than to take the dead cap hit. If you think he is bad in his 30’s just wait for his 40’s and 50’s. We extended Andrus Peat in 2020. In the 2020 draft 3rd round the pick after Zach Baun was Jonah Jackson, now a pro bowl Guard. Wow bako, you really reach for reasons to complain about the Saints. I’ve know Falcon fans that give them more credit than you. Having a serious discussion about the Saints with someone that thinks Peat is going to be on the team for another 10 years is futile.

08-28-2023, 03:39 PM	#33
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770	Re: Who's on the bubble? Originally Posted by Boston Saint Wow bako, you really reach for reasons to complain about the Saints. I’ve know Falcon fans that give them more credit than you. Having a serious discussion about the Saints with someone that thinks Peat is going to be on the team for another 10 years is futile. 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.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770

08-28-2023, 04:15 PM	#34
Boston Saint 1000 Posts + Join Date: Nov 2020 Location: Massachusetts Posts: 4,879	Re: Who's on the bubble? Originally Posted by 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. You’ve not been proven right either. You speak extremes and talk about how Graham had a concussion and how Peat will be on the roster 10 years from now and complain that they drafted Oline picks in first and second rounds rather than 3rd and 4th rounds and go back 2 drafts 15 years ago as if it proves your point.

08-28-2023, 04:37 PM	#35
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,404	Re: Who's on the bubble? Loomis has been criticized by some over dead cap that do not have a clue how salary caps work in the first place. There are two different types of dead money that can occur within an NFL cap. Realized and unrealized. Or you can call them earned and unearned. Unrealized or unearned dead money occurs when a player is traded or released prior to the end of their effective contract. It is in the form of future guarantees that were never offset by time served by the player for the team or payment for services never rendered. The second type of dead money is realized or earned, or in other words, accounting of payment for services fully rendered in the past within later periods, commonly in the form of voidable years. This second type is what the Saints have most commonly leveraged. Think of the first as bad cholesterol and the second as good cholesterol. SmashMouth likes this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

Latest Blogs
2023 New Orleans Saints: Training Camp Last Blog: 08-01-2023 By: MarchingOn Puck the Fro Browl! Last Blog: 02-05-2023 By: neugey CFP: "Just Keep Doing What You're Doing" Last Blog: 12-08-2022 By: neugey

08-28-2023, 05:38 PM	#36
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770	Re: Who's on the bubble? Originally Posted by AsylumGuido Loomis has been criticized by some over dead cap that do not have a clue how salary caps work in the first place. There are two different types of dead money that can occur within an NFL cap. Realized and unrealized. Or you can call them earned and unearned. Unrealized or unearned dead money occurs when a player is traded or released prior to the end of their effective contract. It is in the form of future guarantees that were never offset by time served by the player for the team or payment for services never rendered. The second type of dead money is realized or earned, or in other words, accounting of payment for services fully rendered in the past within later periods, commonly in the form of voidable years. This second type is what the Saints have most commonly leveraged. Think of the first as bad cholesterol and the second as good cholesterol. Your logic is flawed because it implies that keeping a Carson Wentz, Brock Osweiler, David Johnson, Trey Lance, Jared Goff, or Todd Gurley for the length of their bad contract is good because it makes the dead cap hit into the actually good realized earned kind. The truth is that when you have a bad contract the best thing you can do is bail asap so that even if you take a big unrealized cap hit at least you dont let more money get paid or guaranteed and throw good money after bad. Its best to just take your medicine and move on. In reality unrealized dead cap is usually better than realized dead dead cap because it means you moved on quickly from bad contracts instead of using accounting tricks to delay the cost while increasing it in the long run. SmashMouth likes this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770

08-29-2023, 09:49 PM	#37
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770	Re: Who's on the bubble? Originally Posted by Boston Saint Wow bako, you really reach for reasons to complain about the Saints. I’ve know Falcon fans that give them more credit than you. Having a serious discussion about the Saints with someone that thinks Peat is going to be on the team for another 10 years is futile. I will give you some probable numbers for Andrus Peat's restructure/extension in the 2024 offseason. Currently Peat stands to count $13.6 million in dead cap for 2024 and we are $51 million over the cap. $7.4 million of this is previous prorate bonuses assigned to the him for the 2024 cap so we can't erase those but we can prevent $6.2 million prorated to future years from hitting as dead cap in 2024 if we extend Peat next offseason before his contract voids. I am sure Peat and his agent would not say no to $6 million for the year if he finishes as a backup, so take $1 million base salary and $5 million signing bonus prorated over 2024 and void years from 2025-2028, so the base salary $1 million and the prorated bonus portion of $1 million will count against the cap, but $6.2 million will not come due in 2024, so the net cap savings for 2024 will be $4.2 million. Then in 2025 we will face dead cap of that $6.2 million plus an additional $4 million from the 2024 signing bonus so the dead cap hit will be $10.2 million if Peat moves on. But if Peat extends again in Spring 2025 only $3.7 million of those prorated bonuses will hit but $6.5 million can remain deferred with an extension, so if Peat again agrees to the same $1 million base salary and $5 million bonus prorated over 5 years we can cut the 2025 bill due from $10.2 million to $5.7 million. But then in 2026 that $6.5 million comes due plus an addition $4 million from the prorated bonus portion of the 2025 signing bonus for a total dead cap hit of $10.5 million. This time $4.7 million is due in 2026 and can't be avoided but $5.8 million can by again signing the same $6 million deal, saving $3.8 million on the 2026 cap. But then in 2027 that $5.8 million comes due plus $4 million from the 2026 extension for a dead cap hit of $9.8 million. But only $3.8 million of that $9.8 million is due in 2027 and $6 million can be deferred with an extension on the same $6 million deal, keeping Peat's 2027 can number at $5.8 million and saving $4 million on the 2027 cap. But then in 2028 that $6 million plus the additional $4 million prorated from the 2027 bonus comes due, for a cap hit of $10 million if Peat's contract is allowed to void. But again we can avoid that cap hit with a restructure as only $4 million of the $10 million is due in 2028 and we can sign the same extension deal again to lower Peat's 2028 cap hit from $10 million to $6 million. From 2029 on this arrangement would achieve a steady state where until we are willing to take a $10 million cap hit to be done with Peat that will look bad in the press as dead cap. We can instead take a $6 million cap hit every year forever in perpetuity instead to retain Peat and claim Loomis is a genius because his is avoiding dead cap and working his magic to get us under the cap each year when the foolish naysayers doubted him. Eventually $6 million will be like nothing in the salary cap, so I think that wisely Loomis will favor this arrangement until he or Peat dies of old age.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770

08-30-2023, 02:06 AM	#38
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 37,120 Blog Entries: 29	Re: Who's on the bubble? Originally Posted by BakoSaint There is no limit to the number of draft picks a team can spend on offensive line or the number of times they can trade back to acquire additional picks. Draft picks used on losers like book, trout man, grayson, etc could have been spent on oline. You can get running backs, safeties, tight ends, and backup qbs in free agency. Jahri Evans, Carl Nicks, Zach Strief, Erik McCoy, Terron Armstead, and Jermon Bushrod were all day 2-3 picks. Offensive line depth is a choice. We chose what having Kendre Miller run into a brick wall and Haener get clobbered in preseason was more important to us than having more oline depth and youth. Out system is to draft a 1st rounder on oline every other year and pay and play them for 10 years whether they are good or garbage and back them up with undrafted players and journeyman who we can blame all our losing seasons on having to play after injuries. Its not that this isnt the year to move on from Peat. It’s that never is the year to move on. It will always be cheaper to restructure his contract than to take the dead cap hit. If you think he is bad in his 30’s just wait for his 40’s and 50’s. We extended Andrus Peat in 2020. In the 2020 draft 3rd round the pick after Zach Baun was Jonah Jackson, now a pro bowl Guard. Originally Posted by AsylumGuido Loomis has been criticized by some over dead cap that do not have a clue how salary caps work in the first place. There are two different types of dead money that can occur within an NFL cap. Realized and unrealized. Or you can call them earned and unearned. Unrealized or unearned dead money occurs when a player is traded or released prior to the end of their effective contract. It is in the form of future guarantees that were never offset by time served by the player for the team or payment for services never rendered. The second type of dead money is realized or earned, or in other words, accounting of payment for services fully rendered in the past within later periods, commonly in the form of voidable years. This second type is what the Saints have most commonly leveraged. Think of the first as bad cholesterol and the second as good cholesterol. Only caveat is the skill players you want, the great/good ones, aren't typically available in FA. It's an amalgamation of different position groups in the draft. They key is hitting on the talent as the Saints may have appeared to do this year's draft.

08-30-2023, 09:57 AM	#39
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770	Re: Who's on the bubble? Originally Posted by SmashMouth Only caveat is the skill players you want, the great/good ones, aren't typically available in FA. It's an amalgamation of different position groups in the draft. They key is hitting on the talent as the Saints may have appeared to do this year's draft. Yes but you need balance too. You can't trade away too many picks or you won't hit on enough talent no matter who you pick. Also certain positions are much easier to fill from free agency or udfa than others. Its not so uncommon that an udfa turns into a star RB but its very uncommon at QB. You can get a running back in free agency also who can be quite good and at a discount. Backup QBs in free agency are a dime a dozen so drafting a QB who doesn't have an elite starter ceiling is kind of pointless. You can even find edge rushers cheap in free agency when they have proven they have some inconsistency, like Clowney, much better than you tend to be able to find on oline. It seems really hard to find useful affordable oline in free agency or from UDFA so I think its a key position to invest a combination or 1st and middle round picks to have youth and depth. Most of the best tight ends of all time are middle round picks so ever spending a 1st rounder there is stupid, its only really worked about once a decade across the entire NFL, if that. In general I think the 1st round you go QB, OT, CB, WR, LB, DL because those are high value positions you can sometimes predict. Mid rounds you can continue to add any position but focus on a lot of oline where its hard to get depth, and only draft QBs you feel could start one day. Don't waste mid round picks on kickers, punters, or short backup QBs to sit behind your starter who you financially can't move on from for 5 years. If your team has weaknesses at OG, S, TE, or RB those are prime positions to draft in the mid rounds, so trade back and acquire extra mid round picks. SmashMouth and MarchingOn like this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 1,770

08-30-2023, 10:06 AM	#40
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,069 Blog Entries: 3	Re: Who's on the bubble? "If you listen to fans, you'll be sitting up there with them". Buddy Ryan AsylumGuido and SmashMouth like this.