Carr Makes the Parade!

Rugby Saint II · 02-10-2024, 12:11 PM

Originally Posted by BakoSaint

Actually its $120 million to go. $30 million in 2024, $30 million + $10 million roster bonus in 2025, and $50 million in 2026, if Mickey Loomis keeps managing the cap how he does now that $50 million might as well be fully guaranteed because we won't have any option but to convert it to a bonus in a restructure in 2026 to kick the can. Also that $120 million does not count $22.8 million that was prorated in 2023 to future years. So for salary cap purposes $142.8 million to go, until the inevitable extension to push out the restructures increases it.

That's some serious math right there. I didn't know there would be math when I logged in today.

Everything you discussed adds up to a lot of dead money at the end of the contract. Thank goodness Gayle Benson doesn't worry about the bottom line and she doesn't mind writing large checks to cover our spending sprees. Also, we have to remember that every year we roll money forward we are counting on the cap increase and have money to spend now.

It's basically spending next years raise and bonus on the credit card now. On the down side, it bit us in the butt in 2019 when covid hit and we lost some valuable players in free agency we couldn't afford to keep.

Loomis has talked about getting the salary cap under control and I believe him. But it won't happen overnight. The Saints operate on a long term plan and the change will take a few years. So, have some patience. You'll need it.

AsylumGuido · 02-10-2024, 01:32 PM

Originally Posted by Rugby Saint II

That's some serious math right there. I didn't know there would be math when I logged in today.

Everything you discussed adds up to a lot of dead money at the end of the contract. Thank goodness Gayle Benson doesn't worry about the bottom line and she doesn't mind writing large checks to cover our spending sprees. Also, we have to remember that every year we roll money forward we are counting on the cap increase and have money to spend now.

It's basically spending next years raise and bonus on the credit card now. On the down side, it bit us in the butt in 2019 when covid hit and we lost some valuable players in free agency we couldn't afford to keep.

Loomis has talked about getting the salary cap under control and I believe him. But it won't happen overnight. The Saints operate on a long term plan and the change will take a few years. So, have some patience. You'll need it.

Give up, Rugs.

BakoSaint · 02-10-2024, 03:56 PM

Originally Posted by Rugby Saint II

That's some serious math right there. I didn't know there would be math when I logged in today.

Everything you discussed adds up to a lot of dead money at the end of the contract. Thank goodness Gayle Benson doesn't worry about the bottom line and she doesn't mind writing large checks to cover our spending sprees. Also, we have to remember that every year we roll money forward we are counting on the cap increase and have money to spend now.

It's basically spending next years raise and bonus on the credit card now. On the down side, it bit us in the butt in 2019 when covid hit and we lost some valuable players in free agency we couldn't afford to keep.

Loomis has talked about getting the salary cap under control and I believe him. But it won't happen overnight. The Saints operate on a long term plan and the change will take a few years. So, have some patience. You'll need it.

30+30+10+50=120 is 2nd grade math.

Every team in the league except two spent within ~$12 million of the salary cap in 2023, or 95-100% of the cap. It's not like Gayle is some baller or shot caller who is making it rain in Pac Man Jones strip club being willing to spend extra money other owners aren't. There is a salary cap. She is spending it. So are 30 other teams. And the two teams that spent about $30 million under both made the playoffs while we didn't, and one is in the Super Bowl. So Gayle is not willing to spend more than any other owner, because she is not able to spend more than any other owner, she is simply employing people who spend the same more poorly.

Its not the same as spending next years raise and bonus on the credit card today because it has different implications. If I pay a gym membership or blue apron meal plan or lease a Jaguar on a credit card today, hoping to pay off the card in the future or live with the revolving debt, I can decide later that I don't like that gym or meal plan or sports car and return it or sell it to someone else, and I still owe what I paid, but I don't have to pay off the credit card the day I cancel the gym or let the lease on the Jaguar expire. With the salary cap it works different than a credit card. If you borrow money to pay for a player, you have to pay off all that money in a lump sum to be allowed to release or trade that player. So you end up stuck with the gym membership, blue apron, for life and negotiating with the dealer to extend your lease on the 10yo Jaguar when you really want a Tesla or BMW. If not just a free credit line. Its more like your hiring union and your players can take a break whenever knowing they are impossible to cut and you can't make changes to fit new coaches or systems or react to injury or diminished performance.

You can believe Loomis all you want, but signing Carr was a step backward in getting the cap under control. Needlessly extending Cam when we still had him under contract and paying like his 2022 performance would last for 3 years was another. We keep taking steps back and thats not a process, thats not a case for patience. My patience rests with Loomis' liver not his word. I trust his liver won't sustain its bad habits indefinitely. His word? That isn't worth a thing.

02-10-2024, 12:11 PM	#1
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,198	Re: Carr Makes the Parade! Originally Posted by BakoSaint Actually its $120 million to go. $30 million in 2024, $30 million + $10 million roster bonus in 2025, and $50 million in 2026, if Mickey Loomis keeps managing the cap how he does now that $50 million might as well be fully guaranteed because we won't have any option but to convert it to a bonus in a restructure in 2026 to kick the can. Also that $120 million does not count $22.8 million that was prorated in 2023 to future years. So for salary cap purposes $142.8 million to go, until the inevitable extension to push out the restructures increases it. That's some serious math right there. I didn't know there would be math when I logged in today. Everything you discussed adds up to a lot of dead money at the end of the contract. Thank goodness Gayle Benson doesn't worry about the bottom line and she doesn't mind writing large checks to cover our spending sprees. Also, we have to remember that every year we roll money forward we are counting on the cap increase and have money to spend now. It's basically spending next years raise and bonus on the credit card now. On the down side, it bit us in the butt in 2019 when covid hit and we lost some valuable players in free agency we couldn't afford to keep. Loomis has talked about getting the salary cap under control and I believe him. But it won't happen overnight. The Saints operate on a long term plan and the change will take a few years. So, have some patience. You'll need it.
	There Are Two Kinds Of People In This World Being A Rugby Player Is Better Than Both Of Them

02-10-2024, 01:32 PM	#2
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,759	Re: Carr Makes the Parade! Originally Posted by Rugby Saint II That's some serious math right there. I didn't know there would be math when I logged in today. Everything you discussed adds up to a lot of dead money at the end of the contract. Thank goodness Gayle Benson doesn't worry about the bottom line and she doesn't mind writing large checks to cover our spending sprees. Also, we have to remember that every year we roll money forward we are counting on the cap increase and have money to spend now. It's basically spending next years raise and bonus on the credit card now. On the down side, it bit us in the butt in 2019 when covid hit and we lost some valuable players in free agency we couldn't afford to keep. Loomis has talked about getting the salary cap under control and I believe him. But it won't happen overnight. The Saints operate on a long term plan and the change will take a few years. So, have some patience. You'll need it. Give up, Rugs.

02-10-2024, 03:56 PM	#3
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,424	Re: Carr Makes the Parade! Originally Posted by Rugby Saint II That's some serious math right there. I didn't know there would be math when I logged in today. Everything you discussed adds up to a lot of dead money at the end of the contract. Thank goodness Gayle Benson doesn't worry about the bottom line and she doesn't mind writing large checks to cover our spending sprees. Also, we have to remember that every year we roll money forward we are counting on the cap increase and have money to spend now. It's basically spending next years raise and bonus on the credit card now. On the down side, it bit us in the butt in 2019 when covid hit and we lost some valuable players in free agency we couldn't afford to keep. Loomis has talked about getting the salary cap under control and I believe him. But it won't happen overnight. The Saints operate on a long term plan and the change will take a few years. So, have some patience. You'll need it. 30+30+10+50=120 is 2nd grade math. Every team in the league except two spent within ~$12 million of the salary cap in 2023, or 95-100% of the cap. It's not like Gayle is some baller or shot caller who is making it rain in Pac Man Jones strip club being willing to spend extra money other owners aren't. There is a salary cap. She is spending it. So are 30 other teams. And the two teams that spent about $30 million under both made the playoffs while we didn't, and one is in the Super Bowl. So Gayle is not willing to spend more than any other owner, because she is not able to spend more than any other owner, she is simply employing people who spend the same more poorly. Its not the same as spending next years raise and bonus on the credit card today because it has different implications. If I pay a gym membership or blue apron meal plan or lease a Jaguar on a credit card today, hoping to pay off the card in the future or live with the revolving debt, I can decide later that I don't like that gym or meal plan or sports car and return it or sell it to someone else, and I still owe what I paid, but I don't have to pay off the credit card the day I cancel the gym or let the lease on the Jaguar expire. With the salary cap it works different than a credit card. If you borrow money to pay for a player, you have to pay off all that money in a lump sum to be allowed to release or trade that player. So you end up stuck with the gym membership, blue apron, for life and negotiating with the dealer to extend your lease on the 10yo Jaguar when you really want a Tesla or BMW. If not just a free credit line. Its more like your hiring union and your players can take a break whenever knowing they are impossible to cut and you can't make changes to fit new coaches or systems or react to injury or diminished performance. You can believe Loomis all you want, but signing Carr was a step backward in getting the cap under control. Needlessly extending Cam when we still had him under contract and paying like his 2022 performance would last for 3 years was another. We keep taking steps back and thats not a process, thats not a case for patience. My patience rests with Loomis' liver not his word. I trust his liver won't sustain its bad habits indefinitely. His word? That isn't worth a thing.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,424