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Re: 2024 Saints Salary Cap Watch
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Re: 2024 Saints Salary Cap Watch
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Re: 2024 Saints Salary Cap Watch
Only doing a limited restructure on Cam's contract, but still freeing up an additional $1.5 million.
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Re: 2024 Saints Salary Cap Watch
From the link above: If they wanted to, the Saints could have freed up as much as $9.4 million against this year’s cap by maxing out Jordan’s restructure. He was owed $6.3 million in base salary and $6.7 million in a roster bonus which could have been folded into a new signing bonus and spread out over the next five years for accounting purposes. Instead of lowering his $23.2 million cap hit to $21.7 million, they could have really pushed the envelope and gotten him down to as low as $13.8 million. But, as Saints assistant general manager Khai Harley likes to say, just because they can doesn’t mean they should. Jordan is coming off his worst year as a pro. He’s also turning 35 this summer and struggled with an ankle injury last season. On top of that, his contract expires after the 2025 season. Right now, it’s set up to void and allow him to retire (if he chooses) in 2026 while leaving behind more than $8.1 million in dead money. If Jordan is ready to call it a career sooner in 2025, the Saints could use the same mechanisms when Drew Brees and Malcolm Jenkins retired to pay out lower his salary to the veteran’s minimum and designate him a post-June 1 cut, which would result in dead money hits of $5.5 million in 2025 and $3.5 million in 2026. But they aren’t going to push Jordan out the door and he hasn’t said that the 2024 season will be his last. Those are problems for another day. For now, depending on where you look, the Saints are over the 2024 spending limit by as little as $22.2 million or as much as $24.7 million. |
Re: 2024 Saints Salary Cap Watch
That $300 million cap figure in 2026 is something I've heard elsewhere. It can reach that quite easily.
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Re: 2024 Saints Salary Cap Watch
Almost there and we should have plenty left over for spending money. Let's get some impact free agents!
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Re: 2024 Saints Salary Cap Watch
We are about to go into free agency and I have a strong feeling that we'll invest in a DE and OT in the first week to shore up the trenches.
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Re: 2024 Saints Salary Cap Watch
Wait the Saints did something responsible? Nope, it was a typo, they max restructured. They should also correct the Khai Hartley quote to ‘just because you can do something does mean you should.’
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Re: 2024 Saints Salary Cap Watch
Like I said in another post, I'd like to see us spend on a DE and DT in Free Agency.
DT Grover Stewart DE AJ Epenesa |
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