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.

02-10-2024, 12:11 PM	#9
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,119	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.
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