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-   -   Breaking News: New Orleans Saints agree to terms with safety Jairus Byrd (https://blackandgold.com/saints/64783-new-orleans-saints-agree-terms-safety-jairus-byrd.html)

lee909 03-12-2014 09:27 AM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
It's all about the signing bonus and gaureteed money.

papz 03-12-2014 09:42 AM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
Most large contracts, excluding franchise quarterback ones for the most part, are filled with faux money. You typically keep these players for 3 years and dump them afterwards. Far too often do people get caught up in the magnitude of the overall contract, that they fail to recognize the likelihood of these players actually finishing out it's entirety is pretty minuscule.

We're going to get a damn good 3 years out of Byrd before we ask him to take a pay cut, restructure, or move on from him from there. I look at the deal as a 3 year 28 million dollar contract... which isn't a bad deal considering his market value and the length of time we're actually going to be able to keep a star player through his prime years.

If or when Graham signs his contract, the same principles will apply.

iceshack149 03-12-2014 10:41 AM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
It's nice to have scouts that aren't even on the Saints pay roll.
It's evident to any fan that pays a little attention to the NFL that Byrd is a great player but you just know that Rex shared his opinions with Rob about him as a player and as a person.
Rex also has a win/win situation here by getting Byrd out of his division and on to his brothers team.

TheOak 03-12-2014 11:16 AM

New Orleans Saints agree to terms with safety Jairus Byrd
 
Quote:

Originally Posted by Danno (Post 582452)
A re-post...



54 million over 6 years, 28 million guaranteed?



All may not be what it seems. It could be sturctured like...



Year 1..salary 1 million + guaranteed 4.7 = 5.7 million

Year 2..salary 2 million + guaranteed 4.7 = 6.7 million

Year 3..salary 3 million + guaranteed 4.7 = 7.7 million

Year 4..salary 4 million + guaranteed 4.7 = 8.7 million

Year 5..salary 7 million + guaranteed 4.7 = 11.7 million

Year 6..salary 10 million + guaranteed 4.7 = 14.7 million





Care to guess when we ask him to restructure?



I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5


Look at mine in the other thread, there is a difference between Signing Bonus and guaranteed.

Signing Bonus = Upfront and prorated for the cap.

Guaranteed = He will be paid that over the life of the contract at minimum. It is distributed any way Loomis sees fit and not prorated on a schedule.

Lower cap/year hit

hagan714 03-12-2014 11:43 AM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
i just cleanrd all the coffee i spit on the screen reading this news

cuts are going to be deep. sproiles trade is not enough

Cruize 03-12-2014 11:54 AM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
Like the player. Not a fan of the contract.

Jack Vegas 03-12-2014 01:09 PM

Re: Saints sign Byrd.............
 
Quote:

Originally Posted by B_Dub_Saint (Post 582253)
3-3-5 look Jack. I see it all day.

Exactly. We HAVE to find a way to get Rafael Bush on the field as much as possible. I honestly think Bush might be just as good as Vaccaro.

saintfan 03-12-2014 01:20 PM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
Can't believe I'm the first to post this - maybe this could replace that "get crunk" nonsense?


exile 03-12-2014 01:45 PM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
https://pbs.twimg.com/media/BijCmfPCcAAa7Lc.jpg

TheOak 03-12-2014 02:03 PM

Re: New Orleans Saints agree to terms with safety Jairus Byrd
 
Quote:

Originally Posted by Danno (Post 582452)
A re-post...

54 million over 6 years, 28 million guaranteed?

All may not be what it seems. It could be sturctured like...

Year 1..salary 1 million + guaranteed 4.7 = 5.7 million
Year 2..salary 2 million + guaranteed 4.7 = 6.7 million
Year 3..salary 3 million + guaranteed 4.7 = 7.7 million
Year 4..salary 4 million + guaranteed 4.7 = 8.7 million
Year 5..salary 7 million + guaranteed 4.7 = 11.7 million
Year 6..salary 10 million + guaranteed 4.7 = 14.7 million


Care to guess when we ask him to restructure?

I know its likely not structured in that way, but you get the picture. Its more likely a 4 year contract at about 6 to 7 million/year, then restructure or cut in year 5

This is what I have

"I am going to make a SWAG attempt to look at what his contract will look like.

6 years - 54m / 11m signing bonus / 28m guaranteed
2014 1.83m SB / 3m - Cap Hit 4.83m
2015 1.83m SB / 4m - Cap Hit 5.83m
2016 1.83m SB / 4m - Cap Hit 5.83m
2017 1.83m SB / 6m - Cap Hit 7.83m
2018 1.83m SB / 12m - Cap Hit 13.83m
2019 1.83m SB / 14m - Cap Hit 15.83m

At the end of 2017 he has been paid all of his 28m Guaranteed
In 2018 he is cut and we will have a dead money of 3.66m

This is just a basic view and does not cover the bonuses for roster, work out etc..."

http://blackandgold.com/saints/64791...tml#post582432


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