Brees restructure/ Hicks trade?

AsylumGuido · 09-30-2015, 09:12 PM

I would expect most would see some type of connection, but look at the numbers.

The Brees restructure opened up $2.6M in 2015 cap.

The Hicks trade actually netted the Saints another $100K or so.

Something else is obviously in the works.

QBREES9 · 09-30-2015, 10:13 PM

Get ready!!! We in for a bumpy ride

GeauxForMore · 09-30-2015, 11:05 PM

I hope so

burningmetal · 09-30-2015, 11:35 PM

Clearly... Because $100k is a fortune in the NFL.

I'm sure there will be other moves, but this is hardly interesting or enlightening.

RailBoss · 10-01-2015, 01:45 AM

All eyes are on the Chicago Fire Sale, maybe?

CheramieIII · 10-01-2015, 08:55 AM

and I think the Brees restructure means we can end all of the trade talk.

vpheughan · 10-01-2015, 09:48 AM

Spending 5.2 gets you 2.6? Is that a WIN - win? Do all of these transactions cost the team $1.00 for every .50 cents they pay?

RailBoss · 10-01-2015, 03:04 PM

Seems awful quiet don't see anything around the net on any trades. Usually Adam Schefter has the inside information before anyone else.

AsylumGuido · 10-01-2015, 03:13 PM

Originally Posted by RailBoss

Seems awful quiet don't see anything around the net on any trades. Usually Adam Schefter has the inside information before anyone else.

Glazer gets the Saints scoops usually. He is friends with Payton.

AsylumGuido · 10-01-2015, 03:22 PM

Originally Posted by vpheughan

Spending 5.2 gets you 2.6? Is that a WIN - win? Do all of these transactions cost the team $1.00 for every .50 cents they pay?

No, Brees was getting the $5.2M this year anyway. The restructure lowered his 2015 base salary by $5.2M which was converted to a signing bonus which was then prorated over the remaining two years of his contract. The net effect is that the 2015 cap hit is lowered by $2.6M and the 2016 cap hit is increased by $2.6M.

Shuffling of numbers is what cost accounting is all about. It doesn't cost the team anything. Brees gets that money immediately instead of spread out over the 17 weeks of this regular season so he can start earning interest on it sooner. So, yes, it is a win/win.

09-30-2015, 09:12 PM	#1
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,216	Brees restructure/ Hicks trade? I would expect most would see some type of connection, but look at the numbers. The Brees restructure opened up $2.6M in 2015 cap. The Hicks trade actually netted the Saints another $100K or so. Something else is obviously in the works. Danno likes this.

09-30-2015, 10:13 PM	#2
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Re: Brees restructure/ Hicks trade? Get ready!!! We in for a bumpy ride

09-30-2015, 11:05 PM	#3
GeauxForMore 500th Post Join Date: Dec 2010 Location: Panama City, FL Posts: 588	Re: Brees restructure/ Hicks trade? I hope so

09-30-2015, 11:35 PM	#4
burningmetal 1000 Posts + Join Date: Mar 2012 Posts: 3,923 Blog Entries: 3	Re: Brees restructure/ Hicks trade? Clearly... Because $100k is a fortune in the NFL. I'm sure there will be other moves, but this is hardly interesting or enlightening. foreverfan likes this.

10-01-2015, 01:45 AM	#5
RailBoss 5000 POSTS! + Join Date: Dec 2004 Location: South Of The Mason Dixon Line Posts: 7,113	Re: Brees restructure/ Hicks trade? All eyes are on the Chicago Fire Sale, maybe?

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10-01-2015, 08:55 AM	#6
CheramieIII Fan Since 1967 Join Date: May 2004 Location: Nomad Posts: 7,487 Blog Entries: 3	Re: Brees restructure/ Hicks trade? and I think the Brees restructure means we can end all of the trade talk. jnormand, RailBoss and captainshawn like this.

10-01-2015, 09:48 AM	#7
vpheughan 1000 Posts + Join Date: Aug 2007 Posts: 4,519	Re: Brees restructure/ Hicks trade? Spending 5.2 gets you 2.6? Is that a WIN - win? Do all of these transactions cost the team $1.00 for every .50 cents they pay?
vpheughan 1000 Posts + Join Date: Aug 2007 Posts: 4,519

10-01-2015, 03:04 PM	#8
RailBoss 5000 POSTS! + Join Date: Dec 2004 Location: South Of The Mason Dixon Line Posts: 7,113	Re: Brees restructure/ Hicks trade? Seems awful quiet don't see anything around the net on any trades. Usually Adam Schefter has the inside information before anyone else.

10-01-2015, 03:13 PM	#9
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,216	Re: Brees restructure/ Hicks trade? Originally Posted by RailBoss Seems awful quiet don't see anything around the net on any trades. Usually Adam Schefter has the inside information before anyone else. Glazer gets the Saints scoops usually. He is friends with Payton.

10-01-2015, 03:22 PM	#10
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,216	Re: Brees restructure/ Hicks trade? Originally Posted by vpheughan Spending 5.2 gets you 2.6? Is that a WIN - win? Do all of these transactions cost the team $1.00 for every .50 cents they pay? No, Brees was getting the $5.2M this year anyway. The restructure lowered his 2015 base salary by $5.2M which was converted to a signing bonus which was then prorated over the remaining two years of his contract. The net effect is that the 2015 cap hit is lowered by $2.6M and the 2016 cap hit is increased by $2.6M. Shuffling of numbers is what cost accounting is all about. It doesn't cost the team anything. Brees gets that money immediately instead of spread out over the 17 weeks of this regular season so he can start earning interest on it sooner. So, yes, it is a win/win. Danno, Crusader and captainshawn like this.

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