Drew Brees on Saints deal: I'm an 'eternal optimist'

QBREES9 · 07-11-2012, 11:18 PM

Yuuuuuuuuuuup you will sign on monday. Do you really think your wife will let you walk away from 19.5 million dollars. Do you !

SaintFanInATLHELL · 07-12-2012, 08:00 AM

Originally Posted by QBREES9

Yuuuuuuuuuuup you will sign on monday. Do you really think your wife will let you walk away from 19.5 million dollars. Do you !

Sure she would. She understands that it isn't really walking away from $19.5 million, which is a smoke and mirrors number. The only real dollars are the non-injury guaranteed dollars. Everything else is Monopoly money.

Remember the Albert Haynesworth $100 million contract with the Redskins? It's not the NBA where he was guaranteed to get all those dollars when he signed. Most of them were backloaded on the end of a very long contract period, with no expectation of ever being paid. Haynesworth got his signing bonus, and the Redskins paid a $21 million option in the second year of the contract because it was an uncapped year in 2010. After that, they essentially owed him nothing, with only the signing bonus counting against the cap after the 2010 season.

Right now here are DB's "guarantees":

$16.3 million in 2012
$23.6 million in 2013

both under the tag. That's $40 million, hard cash, against the cap right now, money.

Honestly, if the Saints' offer (which from all reports is from June 1st, before the hearing), doesn't offer more than $40 million guaranteed in the first two years, then why should DB even bother to look at it?

The eventual contract should have $50 million or so in guaranteed money, and the vast majority of that should be paid in the first three years.

The contract issue has never been about the total or average dollars. It is, has been, and will always be about guarantees and structure. The Saints have good reason to want to make this deal. The long term deal takes the same dollars as above, and spreads them out over the life of the contract. Brees has good reasons outlined above, as to why the guaranteed dollars should be well north of $40 million, and paid early, not later in the contract.

We shall soon see, won't we?

SFIAH

07-12-2012, 08:00 AM	#2
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,790	Originally Posted by QBREES9 Yuuuuuuuuuuup you will sign on monday. Do you really think your wife will let you walk away from 19.5 million dollars. Do you ! Sure she would. She understands that it isn't really walking away from $19.5 million, which is a smoke and mirrors number. The only real dollars are the non-injury guaranteed dollars. Everything else is Monopoly money. Remember the Albert Haynesworth $100 million contract with the Redskins? It's not the NBA where he was guaranteed to get all those dollars when he signed. Most of them were backloaded on the end of a very long contract period, with no expectation of ever being paid. Haynesworth got his signing bonus, and the Redskins paid a $21 million option in the second year of the contract because it was an uncapped year in 2010. After that, they essentially owed him nothing, with only the signing bonus counting against the cap after the 2010 season. Right now here are DB's "guarantees": $16.3 million in 2012 $23.6 million in 2013 both under the tag. That's $40 million, hard cash, against the cap right now, money. Honestly, if the Saints' offer (which from all reports is from June 1st, before the hearing), doesn't offer more than $40 million guaranteed in the first two years, then why should DB even bother to look at it? The eventual contract should have $50 million or so in guaranteed money, and the vast majority of that should be paid in the first three years. The contract issue has never been about the total or average dollars. It is, has been, and will always be about guarantees and structure. The Saints have good reason to want to make this deal. The long term deal takes the same dollars as above, and spreads them out over the life of the contract. Brees has good reasons outlined above, as to why the guaranteed dollars should be well north of $40 million, and paid early, not later in the contract. We shall soon see, won't we? SFIAH
	Super Bowl Championships: New Orleans Saints:1, Carolina:0, Atlanta Chokers: STILL ZERO Only Atlanta choked in an unchokable situation... Life is definitely good.

LinkBacks (?) LinkBack to this Thread: https://blackandgold.com/saints/45712-drew-brees-saints-deal-im-eternal-optimist.html
Posted By	For	Type	Date	Hits
Drew Brees on Saints deal: I'm an 'eternal optimist'	This thread	Refback	07-11-2012 11:12 PM	1

07-11-2012, 11:18 PM	#1
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,990	Yuuuuuuuuuuup you will sign on monday. Do you really think your wife will let you walk away from 19.5 million dollars. Do you !