Saints Can Clear $20M In Cap Space

saintsfan1976 · 02-19-2015, 10:30 AM

Ye of little faith...

More than enough to bring a few key FAs.

How the New Orleans Saints can quickly trim more than $20 million - ESPN

The Saints can easily trim more than $20 million of that cap space by converting a handful of roster bonuses into signing bonuses. That’s part of the "plan" that Saints general manager Mickey Loomis referenced once again on Wednesday. As Loomis has explained, the Saints planned ahead for this and had "mechanisms" built into recent contracts they signed with guys like Junior Galette, Jairus Byrd, Jimmy Graham, and Curtis Lofton.

As of now, their full roster bonuses are counting against the 2015 cap. By converting them to signing bonuses, they can be spread out over the remainder of their contracts.

Here is a more detailed breakdown of how it will work:

Galette: Due a $12.5 million roster bonus. By converting to signing bonus, it will save $10 million against the 2015 cap by spreading it out over five years.

Byrd: Due a $6 million roster bonus. By converting to signing bonus, it will save $4.8 million against the 2015 cap by spreading it out over five years.

Graham: Due a $5 million roster bonus. By converting to signing bonus, it will save $3.33 million against the 2015 cap by spreading it out over three years.

Lofton: Due a $4.5 million roster bonus. By converting to signing bonus, it will save $2.25 million against the 2015 cap by spreading it out over two years.

Total savings: $20.38 million

That leaves another $6 million-plus the Saints must trim by March 10 by either releasing players, working out pay cuts or restructuring current deals. They have plenty of options

saintsfan1976 · 02-19-2015, 10:35 AM

Plus another, what, $9M by cutting Hawthorne and Bunkley after June 1?

dizzle88 · 02-19-2015, 10:44 AM

Would Brees restructuring this year save us some more as well?

brees84 · 02-19-2015, 10:55 AM

Originally Posted by dizzle88

Would Brees restructuring this year save us some more as well?

Probably around 10 mil.

ScottF · 02-19-2015, 11:27 AM

Originally Posted by saintsfan1976

Plus another, what, $9M by cutting Hawthorne and Bunkley after June 1?

I want to like Bunkley. He seems to have the tools, and he really helped last year by taking a pay cut. The guy just hasn't produced in 2 years, and isn't worth near the $4.4 he would get if he stayed.

I like Hawthorne and think he'll take the lower salary

saintsfan1976 · 02-19-2015, 11:32 AM

Checklist:

Figure out Ingram's market value. Other teams will bid, hopefully we can match. If not there's plenty of RBs in the draft.

Fix the O line. Need a Guard, need a Center.

Fix the D line. Need a run-stuffer and depth.

Fix the LBs. Need youth and athleticism. Inside and outside.

Fix the secondary. Need a true #2 CB. NOW.

We could go into training camp with some very interesting pieces.

Give Brees another 2 seconds.
Limit the run.
Limit the deep plays.
Tackle well.
Create a few more turnovers.

I'm digging 2015 already....

saintsfan1976 · 02-19-2015, 11:33 AM

Originally Posted by ScottF

I want to like Bunkley. He seems to have the tools, and he really helped last year by taking a pay cut. The guy just hasn't produced in 2 years, and isn't worth near the $4.4 he would get if he stayed.

I like Hawthorne and think he'll take the lower salary

Bunkely for one more year ONLY if we draft a stud NT.

Hawthorne for one more year ONLY if we draft a stud LB.

Any key veteran FA signings would make these two obsolete IMO.

rezburna · 02-19-2015, 11:52 AM

Originally Posted by saintsfan1976

Ye of little faith...

More than enough to bring a few key FAs.

How the New Orleans Saints can quickly trim more than $20 million - ESPN

Doing all that still won't get us out the red? We still have to clear another 6 million after the fact just to come out in the black? I'm intrigued to see how this plays out. I know it'll work itself out.

RaginCajun83 · 02-19-2015, 12:10 PM

Originally Posted by saintsfan1976

Ye of little faith...

More than enough to bring a few key FAs.

How the New Orleans Saints can quickly trim more than $20 million - ESPN

Da Loomis strikes again and he will figure out a way to get the Saints under the cap and bring a big name free agent to the team as well (see: 2014)

Plus add in a possible:

Colston restructure
Brees restructure
Grubbs restructure (cut IMO)
Evans restructrue

Who dares question the awe mighty powerful Loomis?

ScottF · 02-19-2015, 12:12 PM

Originally Posted by rezburna

Doing all that still won't get us out the red? We still have to clear another 6 million after the fact just to come out in the black? I'm intrigued to see how this plays out. I know it'll work itself out.

I keep reading "worst cap situation" in the league. I don't get it either.

02-19-2015, 10:30 AM	#1
saintsfan1976 10000 POST CLUB Join Date: Apr 2007 Location: Atlanta Posts: 10,806 Blog Entries: 3	Saints Can Clear $20M In Cap Space Ye of little faith... More than enough to bring a few key FAs. How the New Orleans Saints can quickly trim more than $20 million - ESPN The Saints can easily trim more than $20 million of that cap space by converting a handful of roster bonuses into signing bonuses. That’s part of the "plan" that Saints general manager Mickey Loomis referenced once again on Wednesday. As Loomis has explained, the Saints planned ahead for this and had "mechanisms" built into recent contracts they signed with guys like Junior Galette, Jairus Byrd, Jimmy Graham, and Curtis Lofton. As of now, their full roster bonuses are counting against the 2015 cap. By converting them to signing bonuses, they can be spread out over the remainder of their contracts. Here is a more detailed breakdown of how it will work: Galette: Due a $12.5 million roster bonus. By converting to signing bonus, it will save $10 million against the 2015 cap by spreading it out over five years. Byrd: Due a $6 million roster bonus. By converting to signing bonus, it will save $4.8 million against the 2015 cap by spreading it out over five years. Graham: Due a $5 million roster bonus. By converting to signing bonus, it will save $3.33 million against the 2015 cap by spreading it out over three years. Lofton: Due a $4.5 million roster bonus. By converting to signing bonus, it will save $2.25 million against the 2015 cap by spreading it out over two years. Total savings: $20.38 million That leaves another $6 million-plus the Saints must trim by March 10 by either releasing players, working out pay cuts or restructuring current deals. They have plenty of options leilung, B_Dub_Saint, RaginCajun83 and 1 others like this.

02-19-2015, 10:44 AM	#3
dizzle88 10000 POST CLUB Join Date: Oct 2009 Posts: 11,118	Re: Saints Can Clear $20M In Cap Space Would Brees restructuring this year save us some more as well?

02-19-2015, 10:55 AM	#4
brees84 1000 Posts + Join Date: Jan 2014 Posts: 3,015	Re: Saints Can Clear $20M In Cap Space Originally Posted by dizzle88 Would Brees restructuring this year save us some more as well? Probably around 10 mil.
brees84 1000 Posts + Join Date: Jan 2014 Posts: 3,015

02-19-2015, 11:27 AM	#5
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Saints Can Clear $20M In Cap Space Originally Posted by saintsfan1976 Plus another, what, $9M by cutting Hawthorne and Bunkley after June 1? I want to like Bunkley. He seems to have the tools, and he really helped last year by taking a pay cut. The guy just hasn't produced in 2 years, and isn't worth near the $4.4 he would get if he stayed. I like Hawthorne and think he'll take the lower salary

02-19-2015, 11:32 AM	#6
saintsfan1976 10000 POST CLUB Join Date: Apr 2007 Location: Atlanta Posts: 10,806 Blog Entries: 3	Re: Saints Can Clear $20M In Cap Space Checklist: Figure out Ingram's market value. Other teams will bid, hopefully we can match. If not there's plenty of RBs in the draft. Fix the O line. Need a Guard, need a Center. Fix the D line. Need a run-stuffer and depth. Fix the LBs. Need youth and athleticism. Inside and outside. Fix the secondary. Need a true #2 CB. NOW. We could go into training camp with some very interesting pieces. Give Brees another 2 seconds. Limit the run. Limit the deep plays. Tackle well. Create a few more turnovers. I'm digging 2015 already....

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02-19-2015, 10:35 AM	#2
saintsfan1976 10000 POST CLUB Join Date: Apr 2007 Location: Atlanta Posts: 10,806 Blog Entries: 3	Re: Saints Can Clear $20M In Cap Space Plus another, what, $9M by cutting Hawthorne and Bunkley after June 1? foreverfan likes this.

02-19-2015, 11:33 AM	#7
saintsfan1976 10000 POST CLUB Join Date: Apr 2007 Location: Atlanta Posts: 10,806 Blog Entries: 3	Re: Saints Can Clear $20M In Cap Space Originally Posted by ScottF I want to like Bunkley. He seems to have the tools, and he really helped last year by taking a pay cut. The guy just hasn't produced in 2 years, and isn't worth near the $4.4 he would get if he stayed. I like Hawthorne and think he'll take the lower salary Bunkely for one more year ONLY if we draft a stud NT. Hawthorne for one more year ONLY if we draft a stud LB. Any key veteran FA signings would make these two obsolete IMO.

02-19-2015, 11:52 AM	#8
rezburna 5000 POSTS! + Join Date: Feb 2013 Location: Kenner, LA Posts: 7,848	Re: Saints Can Clear $20M In Cap Space Originally Posted by saintsfan1976 Ye of little faith... More than enough to bring a few key FAs. How the New Orleans Saints can quickly trim more than $20 million - ESPN Doing all that still won't get us out the red? We still have to clear another 6 million after the fact just to come out in the black? I'm intrigued to see how this plays out. I know it'll work itself out.

02-19-2015, 12:10 PM	#9
RaginCajun83 Hou Saints Fan Join Date: Sep 2009 Location: Houston, Tx Posts: 5,050	Re: Saints Can Clear $20M In Cap Space Originally Posted by saintsfan1976 Ye of little faith... More than enough to bring a few key FAs. How the New Orleans Saints can quickly trim more than $20 million - ESPN Da Loomis strikes again and he will figure out a way to get the Saints under the cap and bring a big name free agent to the team as well (see: 2014) Plus add in a possible: Colston restructure Brees restructure Grubbs restructure (cut IMO) Evans restructrue Who dares question the awe mighty powerful Loomis? hagan714 likes this.

02-19-2015, 12:12 PM	#10
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Saints Can Clear $20M In Cap Space Originally Posted by rezburna Doing all that still won't get us out the red? We still have to clear another 6 million after the fact just to come out in the black? I'm intrigued to see how this plays out. I know it'll work itself out. I keep reading "worst cap situation" in the league. I don't get it either.

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