2024 Saints Salary Cap Watch

papz · 02-23-2024, 10:05 AM

The New Orleans Saints are restructuring quarterback Derek Carr's contract in a move that is expected to give the team around $23 million in salary cap relief, sources told ESPN's Jeremy Fowler on Friday.

Carr was due $30 million in base salary for the 2024 season, so converting a large portion of that into a signing bonus can help the Saints, who likely need to free up roughly $80 million via restructures.

https://www.espn.com/nfl/story/_/id/...ap-sources-say

AsylumGuido · 02-23-2024, 10:23 AM

Only $51.7 million left to go. We still have almost $38 million in roster bonuses that can easily be converted to clear up another $30 million or more.

AsylumGuido · 02-23-2024, 10:33 AM

Figured Ruiz would be up soon with his $8 million roster bonus. Probably Granderson soon after this with his $9 million. Then Cam Jordan with his $13 million in salary and roster bonus.

AsylumGuido · 02-23-2024, 10:56 AM

This is the key that some people just do not understand. For any accounting methodology to be successful it has to be used consistently. Changing things in midstream negates the positive affects. You cannot flop back and forth between FIFO and LIFO and hope to keep afloat.

02-23-2024, 10:05 AM	#1
papz Problem? Join Date: Jan 2005 Location: New Orleans Posts: 11,799	Re: 2024 Saints Salary Cap Watch The New Orleans Saints are restructuring quarterback Derek Carr's contract in a move that is expected to give the team around $23 million in salary cap relief, sources told ESPN's Jeremy Fowler on Friday. Carr was due $30 million in base salary for the 2024 season, so converting a large portion of that into a signing bonus can help the Saints, who likely need to free up roughly $80 million via restructures. https://www.espn.com/nfl/story/_/id/...ap-sources-say

02-23-2024, 10:23 AM	#2
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,854	Re: 2024 Saints Salary Cap Watch Only $51.7 million left to go. We still have almost $38 million in roster bonuses that can easily be converted to clear up another $30 million or more.

02-23-2024, 10:33 AM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,854	Re: 2024 Saints Salary Cap Watch Figured Ruiz would be up soon with his $8 million roster bonus. Probably Granderson soon after this with his $9 million. Then Cam Jordan with his $13 million in salary and roster bonus. Twitter

02-23-2024, 10:56 AM	#4
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,854	Re: 2024 Saints Salary Cap Watch This is the key that some people just do not understand. For any accounting methodology to be successful it has to be used consistently. Changing things in midstream negates the positive affects. You cannot flop back and forth between FIFO and LIFO and hope to keep afloat. Twitter