Saints begin cap cutting(Greer,Harper,Smith,Vilma)

ChrisXVI · 02-12-2014, 05:24 PM

I believe that clears up around $16 million. Just like that we're under the salary cap!

amazin15 · 02-12-2014, 05:29 PM

Originally Posted by ChrisXVI

I believe that clears up around $16 million. Just like that we're under the salary cap!

Thats before anymore moves!! Loomis never ceases to amaze me!!

papz · 02-12-2014, 05:37 PM

Greer was too expensive to be a nickel corner. It was a necessary move.

Nobody said we can't resign Greer for less later on if nobody else signs him and he bounces back from the torn ACL.

Exactly.

Vrillon82 · 02-12-2014, 06:27 PM

They will bring Greer back if hes available later on, but I cant argue with dumping Smith, Harper, and Vilma, those 3 have been thorns in our sides since 2010 season.

RaginCajun83 · 02-12-2014, 05:42 PM

This is great news, just get rid of Jenkins now

Lord_Saint83 · 02-12-2014, 05:48 PM

Hate to see Harper, Greer, and Vilma go all are class acts and good people. I hope we can get Grimes or Verner to help Lewis out and sign Jimmy as a TE for starters.

ScottF · 02-12-2014, 06:08 PM

So, if they are cut by us today, when is the date we can resign... June 1 or later?

TheOak · 02-13-2014, 05:05 AM

Originally Posted by ScottF

So, if they are cut by us today, when is the date we can resign... June 1 or later?

We could sign him when ever we want to, we just signed Dawson to an extension.

We won't though. If you look at Greers contract, he didn't need to be cut to gain near 3m in cap space, all he had to do was agree to a lower salary.

It appears he himself chose to hit the market.

The numbers:

If Greer played for vet minimum (10 years) he would have made roughly 1.46m in 2014, and reduced his cap hit from 5.8m to 2.875m an estimated 2.9m in relief. Cutting him only saved us 2.6m in cap space.

So cutting him was not the teams choice, and he could have easily restructured for less, he wants more money.

We did not gut Greer to resign him for less.

ScottF · 02-13-2014, 10:02 AM

Originally Posted by TheOak

We could sign him when ever we want to, we just signed Dawson to an extension.

We won't though. If you look at Greers contract, he didn't need to be cut to gain near 3m in cap space, all he had to do was agree to a lower salary.

It appears he himself chose to hit the market.

The numbers:

If Greer played for vet minimum (10 years) he would have made roughly 1.46m in 2014, and reduced his cap hit from 5.8m to 2.875m an estimated 2.9m in relief. Cutting him only saved us 2.6m in cap space.

So cutting him was not the teams choice, and he could have easily restructured for less, he wants more money.

We did not gut Greer to resign him for less.

I thought there was a stipulation that did not allow a team to immediately resign their own players because the teams could use it to renegotiate contracts. Must be thinking of something else.

Hopefully Greer is leaving on a good note. With other vet CB's already available, his price will go down dramatically, and maybe he'll come to his senses later.

TheOak · 02-13-2014, 10:58 AM

Originally Posted by ScottF

I thought there was a stipulation that did not allow a team to immediately resign their own players because the teams could use it to renegotiate contracts. Must be thinking of something else.

Hopefully Greer is leaving on a good note. With other vet CB's already available, his price will go down dramatically, and maybe he'll come to his senses later.

That is not a renegotiation, its a long expensive way of restructuring.

Why would a player resign with a team that just cut him? If he is willing to stay at a lower price he just takes a salary cut like Will Smith did. Cut/resign serves no purpose but to cause a dead money issue if there was a bonus.

Essentially in Greer's case there is nothing to gain from a cut/resign, and I don't think there is anything to gain from a cut/resign for any players.

Now, if you cut a player and for some reason resign him later in the season it is not because you want to lower his cap hit. Once you cut him, he no longer has an NFL contract and the only way you get him back is if none of the other 31 teams sign him to a contract.

In Greer's case any sort of cut/resign coats the team 2.65M in dead money for that season. If you resigned him for 1/2 of what he was making before thats 2.6M + the dead money of 2.65m you saved your self a whopping $500k.

02-12-2014, 05:24 PM	#1
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Saints to begin cap-cutting soon (Notifications Given) I believe that clears up around $16 million. Just like that we're under the salary cap!

02-12-2014, 05:29 PM	#2
amazin15 Registered Join Date: Feb 2013 Location: Monroe, LA Posts: 98	Re: Saints to begin cap-cutting soon (Notifications Given) Originally Posted by ChrisXVI I believe that clears up around $16 million. Just like that we're under the salary cap! Thats before anymore moves!! Loomis never ceases to amaze me!!

02-12-2014, 05:37 PM	#3
papz Problem? Join Date: Jan 2005 Location: New Orleans Posts: 11,793	Re: Saints to begin cap-cutting soon (Notifications Given) Greer was too expensive to be a nickel corner. It was a necessary move. Nobody said we can't resign Greer for less later on if nobody else signs him and he bounces back from the torn ACL. Exactly.

02-12-2014, 06:27 PM	#4
Vrillon82 1000 Posts + Join Date: Aug 2012 Posts: 1,127	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) They will bring Greer back if hes available later on, but I cant argue with dumping Smith, Harper, and Vilma, those 3 have been thorns in our sides since 2010 season.
Vrillon82 1000 Posts + Join Date: Aug 2012 Posts: 1,127

02-12-2014, 05:42 PM	#5
RaginCajun83 Hou Saints Fan Join Date: Sep 2009 Location: Houston, Tx Posts: 5,050	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) This is great news, just get rid of Jenkins now

02-12-2014, 05:48 PM	#6
Lord_Saint83 100% Blunt Join Date: Jun 2013 Location: Saint Gabriel, La Posts: 2,754	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) Hate to see Harper, Greer, and Vilma go all are class acts and good people. I hope we can get Grimes or Verner to help Lewis out and sign Jimmy as a TE for starters.

02-12-2014, 06:08 PM	#7
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) So, if they are cut by us today, when is the date we can resign... June 1 or later?

02-13-2014, 05:05 AM	#8
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) Originally Posted by ScottF So, if they are cut by us today, when is the date we can resign... June 1 or later? We could sign him when ever we want to, we just signed Dawson to an extension. We won't though. If you look at Greers contract, he didn't need to be cut to gain near 3m in cap space, all he had to do was agree to a lower salary. It appears he himself chose to hit the market. The numbers: If Greer played for vet minimum (10 years) he would have made roughly 1.46m in 2014, and reduced his cap hit from 5.8m to 2.875m an estimated 2.9m in relief. Cutting him only saved us 2.6m in cap space. So cutting him was not the teams choice, and he could have easily restructured for less, he wants more money. We did not gut Greer to resign him for less.
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau Last edited by TheOak; 02-13-2014 at 07:23 AM..

02-13-2014, 10:02 AM	#9
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) Originally Posted by TheOak We could sign him when ever we want to, we just signed Dawson to an extension. We won't though. If you look at Greers contract, he didn't need to be cut to gain near 3m in cap space, all he had to do was agree to a lower salary. It appears he himself chose to hit the market. The numbers: If Greer played for vet minimum (10 years) he would have made roughly 1.46m in 2014, and reduced his cap hit from 5.8m to 2.875m an estimated 2.9m in relief. Cutting him only saved us 2.6m in cap space. So cutting him was not the teams choice, and he could have easily restructured for less, he wants more money. We did not gut Greer to resign him for less. I thought there was a stipulation that did not allow a team to immediately resign their own players because the teams could use it to renegotiate contracts. Must be thinking of something else. Hopefully Greer is leaving on a good note. With other vet CB's already available, his price will go down dramatically, and maybe he'll come to his senses later.

02-13-2014, 10:58 AM	#10
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: Saints begin cap cutting(Greer,Harper,Smith,Vilma) Originally Posted by ScottF I thought there was a stipulation that did not allow a team to immediately resign their own players because the teams could use it to renegotiate contracts. Must be thinking of something else. Hopefully Greer is leaving on a good note. With other vet CB's already available, his price will go down dramatically, and maybe he'll come to his senses later. That is not a renegotiation, its a long expensive way of restructuring. Why would a player resign with a team that just cut him? If he is willing to stay at a lower price he just takes a salary cut like Will Smith did. Cut/resign serves no purpose but to cause a dead money issue if there was a bonus. Essentially in Greer's case there is nothing to gain from a cut/resign, and I don't think there is anything to gain from a cut/resign for any players. Now, if you cut a player and for some reason resign him later in the season it is not because you want to lower his cap hit. Once you cut him, he no longer has an NFL contract and the only way you get him back is if none of the other 31 teams sign him to a contract. In Greer's case any sort of cut/resign coats the team 2.65M in dead money for that season. If you resigned him for 1/2 of what he was making before thats 2.6M + the dead money of 2.65m you saved your self a whopping $500k.
	It's not what you look at that matters, it's what you see. ~ Henry David Thoreau

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