2024 Saints Salary Cap Watch

AsylumGuido · 12-21-2023, 03:28 PM

New Orleans Saints 2024 Salary Cap

Yes, the Saints have the highest projected overage of the cap once again in the league, but it is because of how they structure contracts, as we all should know by now.

As the tweet points out, all $125 million available cap is through simple restructures with no extensions using voidable years.

That gives the Saints a net of over $35 million in available liquid cap space to play the free agent market.

As you can also see by the above numbers, more and more franchises are moving to this methodology of cap management. Note all of the team listed are playoff contenders.

AsylumGuido · 01-03-2024, 01:02 PM

Danno likes this.

AsylumGuido · 01-03-2024, 05:05 PM

Sinner · 01-03-2024, 05:11 PM

Translation/End Result: WE STILL SUCK.

bobdog86 · 01-03-2024, 06:18 PM

Kinda like groundhogs day

AsylumGuido · 01-03-2024, 06:37 PM

Originally Posted by bobdog86

Kinda like groundhogs day

That what the accounting department of every successful corporation says when working up the year end numbers.

Sinner · 01-03-2024, 06:48 PM

Originally Posted by AsylumGuido

That what the accounting department of every successful corporation says when working up the year end numbers.

Our accounting department says “maybe next year”… except, they can’t say it this year… or next year.

Rugby Saint II · 01-06-2024, 02:36 PM

I could see us moving on from some key older players this offseason and trying to gain some control over the salary cap this year. Lattimore probably has the maximum trade value and his new contract makes him more affordable to trade.

BakoSaint · 01-06-2024, 03:08 PM

Originally Posted by Rugby Saint II

I could see us moving on from some key older players this offseason and trying to gain some control over the salary cap this year. Lattimore probably has the maximum trade value and his new contract makes him more affordable to trade.

If we trade Lattimore we take a $30 million dead cap hit. If we trade him after June 2 that cap hit comes in 2025 not 2024, but also makes it harder to afford cutting Carr in 2025. The team on the other end of the trade would be stuck paying Lattimore's ~$15 million salary for 2024 in the form of the converted bonus. Lattimore is an aging corner who will have played 17 total games in 2 seasons (50% availability) with mid-60's PFF ratings both seasons (average quality starter but not star level). I think it is very possible we would have to give a team a draft pick to take Lattimore off our hands for $15 million for an old corner with mediocre numbers who misses half his games. If some team gives us a conditional 2026 7th rounder and takes his $15 million salary we are very lucky.

If we changed the bonus and paid Lattimore's salary he would have a bit more trade value, but at $15 million I am just not sure its there. Guys like Kamara and Davis could have more value because they have played well and not been hurt so much so they are more likely to make the difference as one year rentals.

Cruize · 01-06-2024, 04:09 PM

I don't have a problem with the talent on the team. The team has a playoff caliber roster at a minimum. I don't have a problem with the cap. It's not my money and the knock on the Saints for years was it didn't take care of It's players. Making it a less likeable destination to play and to attract free agents. That's not the case anymore. The current problem in the organization is its refusal to move on from Allen. Campbell takes Goff and makes Detroit a winner. Ryan's takes a rookie QB and a horrible roster and wins in Houston. Allen is THE problem.

12-21-2023, 03:28 PM	#1
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,212	2024 Saints Salary Cap Watch New Orleans Saints 2024 Salary Cap Yes, the Saints have the highest projected overage of the cap once again in the league, but it is because of how they structure contracts, as we all should know by now. Twitter As the tweet points out, all $125 million available cap is through simple restructures with no extensions using voidable years. That gives the Saints a net of over $35 million in available liquid cap space to play the free agent market. As you can also see by the above numbers, more and more franchises are moving to this methodology of cap management. Note all of the team listed are playoff contenders.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

01-03-2024, 01:02 PM	#2
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,212	Re: 2024 Saints Salary Cap Watch Twitter Danno likes this.

01-03-2024, 05:05 PM	#3
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,212	Re: 2024 Saints Salary Cap Watch Twitter

01-03-2024, 05:11 PM	#4
Sinner 1000 Posts + Join Date: Nov 2010 Posts: 3,873	Re: 2024 Saints Salary Cap Watch Translation/End Result: WE STILL SUCK.
Sinner 1000 Posts + Join Date: Nov 2010 Posts: 3,873

01-03-2024, 06:18 PM	#5
bobdog86 Site Donor Join Date: Mar 2012 Location: Washington State Posts: 1,406	Re: 2024 Saints Salary Cap Watch Kinda like groundhogs day Sinner likes this.

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01-03-2024, 06:37 PM	#6
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,212	Re: 2024 Saints Salary Cap Watch Originally Posted by bobdog86 Kinda like groundhogs day That what the accounting department of every successful corporation says when working up the year end numbers.

01-03-2024, 06:48 PM	#7
Sinner 1000 Posts + Join Date: Nov 2010 Posts: 3,873	Re: 2024 Saints Salary Cap Watch Originally Posted by AsylumGuido That what the accounting department of every successful corporation says when working up the year end numbers. Our accounting department says “maybe next year”… except, they can’t say it this year… or next year.
Sinner 1000 Posts + Join Date: Nov 2010 Posts: 3,873

01-06-2024, 02:36 PM	#8
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,052	Re: 2024 Saints Salary Cap Watch I could see us moving on from some key older players this offseason and trying to gain some control over the salary cap this year. Lattimore probably has the maximum trade value and his new contract makes him more affordable to trade.

01-06-2024, 03:08 PM	#9
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,135	Re: 2024 Saints Salary Cap Watch Originally Posted by Rugby Saint II I could see us moving on from some key older players this offseason and trying to gain some control over the salary cap this year. Lattimore probably has the maximum trade value and his new contract makes him more affordable to trade. If we trade Lattimore we take a $30 million dead cap hit. If we trade him after June 2 that cap hit comes in 2025 not 2024, but also makes it harder to afford cutting Carr in 2025. The team on the other end of the trade would be stuck paying Lattimore's ~$15 million salary for 2024 in the form of the converted bonus. Lattimore is an aging corner who will have played 17 total games in 2 seasons (50% availability) with mid-60's PFF ratings both seasons (average quality starter but not star level). I think it is very possible we would have to give a team a draft pick to take Lattimore off our hands for $15 million for an old corner with mediocre numbers who misses half his games. If some team gives us a conditional 2026 7th rounder and takes his $15 million salary we are very lucky. If we changed the bonus and paid Lattimore's salary he would have a bit more trade value, but at $15 million I am just not sure its there. Guys like Kamara and Davis could have more value because they have played well and not been hurt so much so they are more likely to make the difference as one year rentals. Rugby Saint II likes this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,135

01-06-2024, 04:09 PM	#10
Cruize 1000 Posts + Join Date: May 2007 Posts: 4,457	Re: 2024 Saints Salary Cap Watch I don't have a problem with the talent on the team. The team has a playoff caliber roster at a minimum. I don't have a problem with the cap. It's not my money and the knock on the Saints for years was it didn't take care of It's players. Making it a less likeable destination to play and to attract free agents. That's not the case anymore. The current problem in the organization is its refusal to move on from Allen. Campbell takes Goff and makes Detroit a winner. Ryan's takes a rookie QB and a horrible roster and wins in Houston. Allen is THE problem.
Cruize 1000 Posts + Join Date: May 2007 Posts: 4,457