SAINTS SIGN BREES - 5 YEARS, 100 MILLION!!!

TheDeuce · 07-13-2012, 01:36 PM

Edited to say let me read a little more about the structure of the deal. That's a lot of money to pay to one player and stay competitive to fill other holes, but I'll see what kind of magic Mickey worked.

Saintlyone · 07-13-2012, 01:38 PM

*faints.................is this fer real?

HAHAHAHAHAHAHAHA!!!!! WHO DAT BABY!!!!!!!!!

BusDriver · 07-13-2012, 01:40 PM

Now the focus for the team is back to football. For awhile at least.

SAINTstunna · 07-13-2012, 01:43 PM

NOW THATS WHAT IM TALKING ABOUT!!!! NOW LETS GO WIN THE SUPERBOWL BABY!!!!!!

ScottF · 07-13-2012, 01:49 PM

AP source: Drew Brees agrees to 5-year deal - Yahoo! Sports

TheDeuce · 07-13-2012, 01:51 PM

Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap?

I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract.

Tobias-Reiper · 07-13-2012, 02:01 PM

Originally Posted by TheDeuce

Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap?

I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract.

$40M in salary and signing bonus. Signing bonus is amortized through the length of the contract, so even if Drew gets all the cash today, the Saints write the bonus money off the salary cap in yearly installments.

Danno · 07-13-2012, 02:09 PM

Originally Posted by TheDeuce

Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap?

I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract.

CAP HITS...

2012 10.2 million (3m base + 37/5 = 7.2m signing bonus)
2013 17.2 million
2014 18.2 million
2015 26.2 million
2016 27.2 million

TheDeuce · 07-13-2012, 03:24 PM

Originally Posted by Danno

CAP HITS...

2012 10.2 million (3m base + 37/5 = 7.2m signing bonus)
2013 17.2 million
2014 18.2 million
2015 26.2 million
2016 27.2 million

Exactly what I'm worried about. We free up some room now, but will be paying a 39 year-old qb a ridiculous amount of money and eating up cap space. I appreciate the all-in move (especially with Brees' last good years), I just don't want to see us handcuff ourselves to a point where we have no room to make necessary moves.

IMO, this means that the draft will become ever more important to this franchise over the next half decade. We will need low-cost producers at other positions.

SaintsBro · 07-13-2012, 03:53 PM

Originally Posted by TheDeuce

IMO, this means that the draft will become ever more important to this franchise over the next half decade. We will need low-cost producers at other positions.

What team have you been following the last half a decade? The Saints under Loomis and Payton are the KINGS of low-cost, high reward producers, undrafted free agents, low picks, surprises, and guys passed over by other teams. Who the heck are are Pierre Thomas, Marques Colston, Chris Ivory, Jahri Evans, Carl Nicks, Jabari Greer, and Jimmy Freaking Graham???? They're nobodies that THE SAINTS found, and found for dirt CHEAP.

WE GOT THIS. Not worried. Not worried at all!

07-13-2012, 01:36 PM	#1
TheDeuce 1000 Posts + Join Date: Apr 2005 Posts: 2,928	Edited to say let me read a little more about the structure of the deal. That's a lot of money to pay to one player and stay competitive to fill other holes, but I'll see what kind of magic Mickey worked. FinSaint likes this.
TheDeuce 1000 Posts + Join Date: Apr 2005 Posts: 2,928

07-13-2012, 01:38 PM	#2
Saintlyone Registered Join Date: Oct 2009 Posts: 68	*faints.................is this fer real? HAHAHAHAHAHAHAHA!!!!! WHO DAT BABY!!!!!!!!!
Saintlyone Registered Join Date: Oct 2009 Posts: 68

07-13-2012, 01:43 PM	#4
SAINTstunna 100th Post Join Date: Aug 2011 Location: SACRAMENTO, CA Posts: 249 Blog Entries: 9	NOW THATS WHAT IM TALKING ABOUT!!!! NOW LETS GO WIN THE SUPERBOWL BABY!!!!!! Beastmode likes this.

07-13-2012, 01:51 PM	#6
TheDeuce 1000 Posts + Join Date: Apr 2005 Posts: 2,928	Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap? I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract.
TheDeuce 1000 Posts + Join Date: Apr 2005 Posts: 2,928

07-13-2012, 02:01 PM	#7
Tobias-Reiper Merces Letifer Join Date: Dec 2004 Posts: 4,161	Originally Posted by TheDeuce Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap? I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract. $40M in salary and signing bonus. Signing bonus is amortized through the length of the contract, so even if Drew gets all the cash today, the Saints write the bonus money off the salary cap in yearly installments.

07-13-2012, 01:40 PM	#3
BusDriver 100th Post Join Date: Jun 2012 Location: ICT Kansas Posts: 183	Now the focus for the team is back to football. For awhile at least.

07-13-2012, 01:49 PM	#5
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	AP source: Drew Brees agrees to 5-year deal - Yahoo! Sports

07-13-2012, 02:09 PM	#8
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,758	Originally Posted by TheDeuce Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap? I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract. CAP HITS... 2012 10.2 million (3m base + 37/5 = 7.2m signing bonus) 2013 17.2 million 2014 18.2 million 2015 26.2 million 2016 27.2 million

07-13-2012, 03:24 PM	#9
TheDeuce 1000 Posts + Join Date: Apr 2005 Posts: 2,928	Originally Posted by Danno CAP HITS... 2012 10.2 million (3m base + 37/5 = 7.2m signing bonus) 2013 17.2 million 2014 18.2 million 2015 26.2 million 2016 27.2 million Exactly what I'm worried about. We free up some room now, but will be paying a 39 year-old qb a ridiculous amount of money and eating up cap space. I appreciate the all-in move (especially with Brees' last good years), I just don't want to see us handcuff ourselves to a point where we have no room to make necessary moves. IMO, this means that the draft will become ever more important to this franchise over the next half decade. We will need low-cost producers at other positions.
TheDeuce 1000 Posts + Join Date: Apr 2005 Posts: 2,928

07-13-2012, 03:53 PM	#10
SaintsBro Site Donor Join Date: Sep 2010 Location: in line with my ridiculous CLEAR PLASTIC BAG Posts: 3,650 Blog Entries: 3	Originally Posted by TheDeuce IMO, this means that the draft will become ever more important to this franchise over the next half decade. We will need low-cost producers at other positions. What team have you been following the last half a decade? The Saints under Loomis and Payton are the KINGS of low-cost, high reward producers, undrafted free agents, low picks, surprises, and guys passed over by other teams. Who the heck are are Pierre Thomas, Marques Colston, Chris Ivory, Jahri Evans, Carl Nicks, Jabari Greer, and Jimmy Freaking Graham???? They're nobodies that THE SAINTS found, and found for dirt CHEAP. WE GOT THIS. Not worried. Not worried at all! Halo and SaintPauly like this.

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