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Re: Cash On Hand

Quote:

Originally Posted by TheOak (Post 581879)

Nothing of what has been said in this thread speaks to liquidity, only assets or net worth.

Net Worth = assets - liabilities. Cash is only a portion of assets and since you are so confident in his cash holdings what are they?

Back to my original point; bonuses cant be paid to claim a tax deduction if there is not enough cash on hand to do so.

In regards to "can get", sure he can get, but at what cost?

I wasn't wondering, but thanks. I do not have a degree in accounting, I did sleep at a Holiday Inn Express though.

"Dumb" and "Crazy".. I see why you are the "Ambassador":rolleyes:

One question still remains... With all the incentive to restructure and give bonuses to get a tax break... Why haven't some of the most beneficial to the team contracts not been restructured?

You're right, I apologize, but why restructure anything unless or until it is necessary? While restructuring frees up short-term cap it always comes at a long-term cost. The Saints are not in any dire straits right now. I don't understand this concern.

But back to your original post where you wondered about the cuts as opposed to restructuring. I feel it has a lot to do with the CBA an the rookie contract structures. Younger players are now much more cap friendly. Free agents are also more abundant due to the increased number of cuts, thus leading to lower salaries. It is like a self perpetuating circle. Why restructure a veteran player when you can now cut them and sign another at a more economic rate?

Re: Cash On Hand

Quote:

Originally Posted by AsylumGuido (Post 581908)

But back to your original post where you wondered about the cuts as opposed to restructuring. I feel it has a lot to do with the CBA an the rookie contract structures. Younger players are now much more cap friendly. Free agents are also more abundant due to the increased number of cuts, thus leading to lower salaries. It is like a self perpetuating circle. Why restructure a veteran player when you can now cut them and sign another at a more economic rate?

You may have misunderstood my OP. It wasn't cuts vs restructure, it was cuts but haven't done restructures yet. I have studied our cap situation and what can be done about it.

As far as dire straits, we are and we aren't. In terms of the cap we are, in terms of time to make the room we are not in dire straits.

Presently we have 1.9m (only Top 51) in cap so we are under the cap before the deadline, which is why its not a hard issue right now.

In regards to staying under the cap, a lot needs to happen to sign draft picks, re-sign or sign Free Agents, practice squad, etc..

Ill give examples of what I mean:
You start with 1.9m in cap space
Vaccaro took up 1.7m in cap space
Jenkins took up 500k in cap space
Stills took up 500k in cap space
Armstead took up 500k in cap space
Johnson took up 500k in cap space

5 Draft picks = 3.7m
Practice Squad = 300k
You are 2.1m over the cap and that isn't counting 2 players and any FAs yet.

See where I am going with this? Before it is said and done, either more cuts or restructures have to happen.

Restructuring Evans and Grubs would free up nearly 8m dollars. PT is on the block because that frees up 2.5m with zero dead money. Sproles frees up 2.65m if cut because he has a relatively low dead money hit (750k).

I don't think anyone buys a NFL franchise before accepting the fact that they are going to have to fork over a lot of dough. But it all comes back to them through tickets and highly priced beer

Re: Cash On Hand

Apparently a little Byrd was going to get his beak wet first

Re: Cash On Hand

To the tune of $11ml.