2024 Saints Salary Cap Watch

BakoSaint · 02-28-2024, 11:00 PM

Originally Posted by AsylumGuido

Kind of agree with most, not all, but if the team believes the surgery (deemed successful) can extend Ramczyk then by all means restructure. Offensive linemen are extremely hard to find and Ramczyk is one of the best we've had recently.

My worry is that the ends justify the means and the team believes the surgery was successful and is optimistic (PR line) because they can't afford for it not to be. They believed Michael Thomas was coming back at full strength 4 years in a row, and he weighed half as much and nobody was throwing the word degenerative around, but the cap ramifications were similar so the optimistic news leaks before every restructure and extension were similar. I guess we all have different trust thresholds and my trust threshold for optimistic injury updates during restructure season has been expended.

AsylumGuido · 02-29-2024, 08:16 AM

Originally Posted by BakoSaint

My worry is that the ends justify the means and the team believes the surgery was successful and is optimistic (PR line) because they can't afford for it not to be. They believed Michael Thomas was coming back at full strength 4 years in a row, and he weighed half as much and nobody was throwing the word degenerative around, but the cap ramifications were similar so the optimistic news leaks before every restructure and extension were similar. I guess we all have different trust thresholds and my trust threshold for optimistic injury updates during restructure season has been expended.

Well, at least YOU care about what you think.

AsylumGuido · 02-29-2024, 08:29 AM

Only doing a limited restructure on Cam's contract, but still freeing up an additional $1.5 million.

BakoSaint likes this.

AsylumGuido · 02-29-2024, 08:44 AM

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.

AsylumGuido · 02-29-2024, 09:10 AM

That $300 million cap figure in 2026 is something I've heard elsewhere. It can reach that quite easily.

AsylumGuido · 02-29-2024, 10:18 AM

AsylumGuido · 02-29-2024, 10:21 AM

Almost there and we should have plenty left over for spending money. Let's get some impact free agents!

Rugby Saint II · 02-29-2024, 02:44 PM

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.

BakoSaint · 02-29-2024, 04:01 PM

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.’

saintsfan1976 · 02-29-2024, 06:18 PM

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

02-28-2024, 11:00 PM	#81
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,087	Re: 2024 Saints Salary Cap Watch Originally Posted by AsylumGuido Kind of agree with most, not all, but if the team believes the surgery (deemed successful) can extend Ramczyk then by all means restructure. Offensive linemen are extremely hard to find and Ramczyk is one of the best we've had recently. My worry is that the ends justify the means and the team believes the surgery was successful and is optimistic (PR line) because they can't afford for it not to be. They believed Michael Thomas was coming back at full strength 4 years in a row, and he weighed half as much and nobody was throwing the word degenerative around, but the cap ramifications were similar so the optimistic news leaks before every restructure and extension were similar. I guess we all have different trust thresholds and my trust threshold for optimistic injury updates during restructure season has been expended. Rugby Saint II likes this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,087

02-29-2024, 08:16 AM	#82
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,044	Re: 2024 Saints Salary Cap Watch Originally Posted by BakoSaint My worry is that the ends justify the means and the team believes the surgery was successful and is optimistic (PR line) because they can't afford for it not to be. They believed Michael Thomas was coming back at full strength 4 years in a row, and he weighed half as much and nobody was throwing the word degenerative around, but the cap ramifications were similar so the optimistic news leaks before every restructure and extension were similar. I guess we all have different trust thresholds and my trust threshold for optimistic injury updates during restructure season has been expended. Well, at least YOU care about what you think.

02-29-2024, 08:29 AM	#83
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,044	Re: 2024 Saints Salary Cap Watch Only doing a limited restructure on Cam's contract, but still freeing up an additional $1.5 million. Twitter BakoSaint likes this.

02-29-2024, 08:44 AM	#84
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,044	Re: 2024 Saints Salary Cap Watch Twitter 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.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

02-29-2024, 09:10 AM	#85
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,044	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. Twitter

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02-29-2024, 10:18 AM	#86
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,044	Re: 2024 Saints Salary Cap Watch Twitter Twitter Twitter Twitter

02-29-2024, 10:21 AM	#87
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,044	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! Twitter

02-29-2024, 02:44 PM	#88
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,043	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. Danno likes this.

02-29-2024, 04:01 PM	#89
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,087	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.’ MatthewT likes this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,087

02-29-2024, 06:18 PM	#90
saintsfan1976 10000 POST CLUB Join Date: Apr 2007 Location: Atlanta Posts: 10,806 Blog Entries: 3	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