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Official 2024 Free Agency Discussion

this is a discussion within the Saints Community Forum; Originally Posted by BakoSaint While almost nothing Mickey Loomis does makes any sense to me, we do have some things in common being carbon based life forms who breathe air and eat food. If we keep Michael Thomas, I just ...

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Old 02-26-2024, 04:33 PM   #1
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Re: Official 2024 Free Agency Discussion

Originally Posted by BakoSaint View Post
While almost nothing Mickey Loomis does makes any sense to me, we do have some things in common being carbon based life forms who breathe air and eat food. If we keep Michael Thomas, I just don't know anymore, it would make zero sense, maybe Mickey is living on another planet. I think MT's market value is $4 million or less. He went to twitter war with the $30 million QB. The dude is gone. I wish him luck. I don't buy any kind of suspense here.


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Old 02-26-2024, 08:49 PM   #2
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Re: Official 2024 Free Agency Discussion

Originally Posted by AsylumGuido View Post


Restructure, restructure, restructure, restructure, restructure... Whats the deal with all these restructures.
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Old 02-27-2024, 07:32 AM   #3
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Re: Official 2024 Free Agency Discussion

Originally Posted by BakoSaint View Post
Restructure, restructure, restructure, restructure, restructure... Whats the deal with all these restructures.
It's called maximization of cap value. The contracts are written in a manner to purposely be restructured. We are not restructuring because we HAVE to restructure. We are restructuring because we PLANNED to restructure years ago when the contracts were initially drawn. Whether you like it or not that's the accounting methodology they chose to use almost two decades ago. Over that same period of time only a tiny number of NFL teams have won more games ... Ravens, Steelers, Packers, Patriots. (Source - Statmuse "most total nfl wins last 18 years")

It is what it is and there's nothing you can do to change it. Either accept it or move on to some other team that does things the way you want. I don't care which. But ruining the forum with your constant b!tching isn't going to help anyone.

“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill
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Old 02-27-2024, 09:54 AM   #4
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Re: Official 2024 Free Agency Discussion

Originally Posted by AsylumGuido View Post
It's called maximization of cap value. The contracts are written in a manner to purposely be restructured. We are not restructuring because we HAVE to restructure. We are restructuring because we PLANNED to restructure years ago when the contracts were initially drawn. Whether you like it or not that's the accounting methodology they chose to use almost two decades ago. Over that same period of time only a tiny number of NFL teams have won more games ... Ravens, Steelers, Packers, Patriots. (Source - Statmuse "most total nfl wins last 18 years")

It is what it is and there's nothing you can do to change it. Either accept it or move on to some other team that does things the way you want. I don't care which. But ruining the forum with your constant b!tching isn't going to help anyone.
His b*tching helps you remain relevant. Otherwise, you’d be ignored, WITHOUT being set to “ignore”.
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Old 02-27-2024, 12:16 PM   #5
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Re: Official 2024 Free Agency Discussion

Originally Posted by AsylumGuido View Post
It's called maximization of cap value. The contracts are written in a manner to purposely be restructured. We are not restructuring because we HAVE to restructure. We are restructuring because we PLANNED to restructure years ago when the contracts were initially drawn. Whether you like it or not that's the accounting methodology they chose to use almost two decades ago. Over that same period of time only a tiny number of NFL teams have won more games ... Ravens, Steelers, Packers, Patriots. (Source - Statmuse "most total nfl wins last 18 years")

It is what it is and there's nothing you can do to change it. Either accept it or move on to some other team that does things the way you want. I don't care which. But ruining the forum with your constant b!tching isn't going to help anyone.
Restructuring does have its downsides. It does generally get ugly at the end because of the dead money it leaves after the player is gone or is no longer productive for the team. We carries Brees' final contract a full two years past his retirement. And that's even after Brees taking a literal pay cut when he retired. And those are funds that cannot be reinvested back into the current team. We will see similar situations with Cam, Kamara, Ram, Lattimore, and Demario in the coming years. I know that this method allows the team to keep high level players in an expensive free market so I personally don't complain too much.

I get pushing salary and bonuses into future years with bigger caps. But the final landings feel more like a crash than just being bumpy.

SFIAH
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Old 02-27-2024, 03:27 PM   #6
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Re: Official 2024 Free Agency Discussion

Originally Posted by SaintFanInATLHELL View Post
Restructuring does have its downsides. It does generally get ugly at the end because of the dead money it leaves after the player is gone or is no longer productive for the team. We carries Brees' final contract a full two years past his retirement. And that's even after Brees taking a literal pay cut when he retired. And those are funds that cannot be reinvested back into the current team. We will see similar situations with Cam, Kamara, Ram, Lattimore, and Demario in the coming years. I know that this method allows the team to keep high level players in an expensive free market so I personally don't complain too much.

I get pushing salary and bonuses into future years with bigger caps. But the final landings feel more like a crash than just being bumpy.

SFIAH
Yes. As with any other accounting methodology there are the advantages and disadvantages. With this method comes that "balloon" at the end. Total cost remains the same on the bottom line, however. It's not that there are funds unable to be spent, those funds have already been spent in prior periods and are just being accounted for in those latter periods. Dead cap can occur under either method, of course.
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