about where are we under the cap?
 

With the recent moves where are we?

Re: about where are we under the cap?
 

I believe we are about 2M over, first year of Jairus' contract only causes something like 4 or 5M cap hit, one person restructuring or sproles being traded should push us back below the cap

Re: about where are we under the cap?
 

we were at 1.9 under, then PT restructuring his 3 million probably knocked off at least 1 million, so we're at 3 million under.

Trading or cutting Sproles drops us to about 6.5 million under.

Byrd probably is right at 5 million so we're basically about 1.5 million under.

Obviously more restructures coming, especially Bunkley.

Re: about where are we under the cap?
 

Joel Corry ‏@corryjoel · 7m
Jairus Byrd's 6-year, $54M deal has $26.3M in guarantees. His 2014 cap number is $3.5M. He gets $27.9M in the first three years.

Re: about where are we under the cap?
 

Tom Pelissero ‏@TomPelissero · 37m
Real numbers on Jairus Byrd's deal with #Saints: full deal is 6 years, $54M. He gets $12.3M in first year, including $11M signing bonus.

Re: about where are we under the cap?
 

We have GOT to find a way to keep Bunkly.

Re: about where are we under the cap?
 

hence the keyword: restructure

Re: about where are we under the cap?
 

There's a gift and a curse to this deal.... Listening to Bill Polian on the radio today he basically said, Loomis is a cap genius and he ( Loomis) wouldn't have made this Bryd deal if he were not really close to signing Graham and bringing his (Graham) cap number down with a long term deal.. But he said, there could a team out there willing to offer graham more money than the Saints could offer Jimmy.... that would be the only way the gamble doesn't work...

Re: about where are we under the cap?
 

Then we take 2 firsts from them = win/win in my book

Re: about where are we under the cap?
 

Took the words out of my mouth: win-win situation. Our defense is set to be elite for years to come and I'm pretty sure we could replace Graham with one of our potential four 1st round picks in these next two drafts.