2024 Salary Cap Likely to be Higher Than Projected

BakoSaint · 02-19-2024, 04:39 PM

Originally Posted by AsylumGuido

People around here claim that the Saints are the worst about voidable year contracts creating dead cap. Take a look at this. This is a list of all contracts that void today. I see lots of teams in that list, but I don't see the Saints. Voidable years is becoming more and more commonplace in today's way of managing cap.

https://twitter.com/Jason_OTC/status...46034597142589

We don’t have any contracts voiding because the dead cap hits when they void. We extend our geriatrics because we can’t afford not to. You don’t get to be the oldest and most expensive roster in the NFL while flirting with .500 by smartly letting contracts expire before your players get too old and decline. Then when they do void its after they have been lagging for years and we pay more.

For context the dead cap hits will be $20 million for Michael Thomas, $13 million for Andrus Peat (if not extended), and $11 million for Jameis Winston but in perhaps his most brilliant maneuver as a GM in the past 14 years, Mickey Loomis set their contracts to void on a different day so they would not appear in Guidos figure.

02-19-2024, 04:39 PM	#7
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,400	Re: 2024 Salary Cap Likely to be Higher Than Projected Originally Posted by AsylumGuido People around here claim that the Saints are the worst about voidable year contracts creating dead cap. Take a look at this. This is a list of all contracts that void today. I see lots of teams in that list, but I don't see the Saints. Voidable years is becoming more and more commonplace in today's way of managing cap. https://twitter.com/Jason_OTC/status...46034597142589 We don’t have any contracts voiding because the dead cap hits when they void. We extend our geriatrics because we can’t afford not to. You don’t get to be the oldest and most expensive roster in the NFL while flirting with .500 by smartly letting contracts expire before your players get too old and decline. Then when they do void its after they have been lagging for years and we pay more. For context the dead cap hits will be $20 million for Michael Thomas, $13 million for Andrus Peat (if not extended), and $11 million for Jameis Winston but in perhaps his most brilliant maneuver as a GM in the past 14 years, Mickey Loomis set their contracts to void on a different day so they would not appear in Guidos figure. Sinner likes this.
BakoSaint 1000 Posts + Join Date: Dec 2018 Posts: 2,400	Last edited by BakoSaint; 02-19-2024 at 04:51 PM..