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2024 Saints Salary Cap Watch

this is a discussion within the Saints Community Forum; Originally Posted by BakoSaint Cameron Jordan's extension last year turned out to be a big mistake. The decline we knew was coming sooner or later came and we paid a lot of money for 2 sacks and now his 2024 ...

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Old 03-07-2024, 08:40 PM   #19
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Re: 2024 Saints Salary Cap Watch

Originally Posted by BakoSaint View Post
Cameron Jordan's extension last year turned out to be a big mistake. The decline we knew was coming sooner or later came and we paid a lot of money for 2 sacks and now his 2024 salary is guaranteed at the level of a well above average starter while we debate using our first round pick to replace him. It's not that Jordan is a bad guy, he is a team leader, but we are stuck paying $14 million for two sacks in 2024, no matter how many future years we refinanced that cash to. Had we simply waited, we could be paying him more like $6-8 million as a team leader whos production has dropped to a point that we would be looking to rotate younger players in on passing downs and his snaps may be a lot less than years past.

Extending players like Mathieu, Davis, and Kamara would be a similar folly if their contracts guarantee salary like Jordan's did. If its like a $2 million bonus but the 2025 salary is not guaranteed it is less risky.

Extending Kamara would be the biggest disaster. Virtually all running backs decline around his age. He is already declining unlike Mathieu and Davis. Even if he could still be elite, its a stretch for him to achieve that behind our oline. The rest of the league is getting out of big contracts to declining RB's and if we kick the can its a disaster.

Like I said with Jordan, its not like these players at their age are going to earn massive raises. There is not a realistic scenario, especially with this market collapse for safeties, where there is some bidding war to pay Mathieu $15-20 million per year in 2025. We are buying at the ceiling a year before we need to. I am not a big fan of restructures but they could save the same money at least without guaranteeing future years base salaries too. What would be the harm in waiting until mid-season to make sure they have not already declined in 2024 before we lock them in at 2023 performance pay for 2025-2026?
I was cool with re-signing Cam Jordan. I definitely wanted him to retire as a Saint. I think he grossly overcharged us, but it is what it is. Mathieu took a nice little pay cut to stay from what I saw. I applaud retaining him. The contracts I didn’t like were Peat and Ruiz. Didn't understand those deals.
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