Saints Sign Coby Fleener 5 year deal

Saint in Aus · 03-09-2016, 09:40 PM

Originally Posted by AsylumGuido

Yes, nicely structured. but all this talk of dead money means little. New TV deals will continue to help the cap rise at a huge rate for the foreseeable future. Loomis was one of the very few who saw this coming. But then again, he is one of the very few that is trained in the discipline to anticipate these adjustments.

That vast majority of GM's in the NFL are talent oriented with little or no clue of economics or accounting principles. They are primarily personnel driven. Loomis was schooled as an accountant. He knows how to maximize something as simple as a cap. He knows how to to work contracts through cost and management accounting concepts that most cannot understand.

My degree is in accounting and I was among the top of my class. I have always understood what he was doing and he is brilliant. The whole ongoing farce of the Saints being in "cap hell" in based upon a totally uneducated media feeding an equally uneducated public.

Does his signing bonus count toward this year's cap?

AsylumGuido · 03-09-2016, 11:36 PM

Originally Posted by Saint in Aus

Does his signing bonus count toward this year's cap?

No. Signing bonuses are always applied proportionately over the remaining contract per year.

SaintFanInATLHELL · 03-10-2016, 07:15 AM

Originally Posted by Saint in Aus

Does his signing bonus count toward this year's cap?

Originally Posted by AsylumGuido

No. Signing bonuses are always applied proportionately over the remaining contract per year.

Since it's $8 million over 5 years, that means that $1.6million will be applied to this year's cap. Coupled with the $800k salary, the total cap number for 2016 is $2.4 million.

So this ends up being a 2 year "show me" contract at about $14 million. If Fleener pans out, then the Saints guarantee another $3.4 million in 2018. If not, then the Saints cuts Fleener and end out paying out $14 million for 2 years of services rendered.

I'm not thrilled. I would have thought that the brain trust would have figured out by now that the path to a championship in the short term isn't by generating more offense. Championships are not won by teams winning 52-49.

But we will see...

SFIAH

03-09-2016, 09:40 PM	#1
Saint in Aus 100th Post Join Date: Oct 2014 Location: Perth, Western Australia Posts: 468	Re: Saints Sign Coby Fleener 5 year deal Originally Posted by AsylumGuido Yes, nicely structured. but all this talk of dead money means little. New TV deals will continue to help the cap rise at a huge rate for the foreseeable future. Loomis was one of the very few who saw this coming. But then again, he is one of the very few that is trained in the discipline to anticipate these adjustments. That vast majority of GM's in the NFL are talent oriented with little or no clue of economics or accounting principles. They are primarily personnel driven. Loomis was schooled as an accountant. He knows how to maximize something as simple as a cap. He knows how to to work contracts through cost and management accounting concepts that most cannot understand. My degree is in accounting and I was among the top of my class. I have always understood what he was doing and he is brilliant. The whole ongoing farce of the Saints being in "cap hell" in based upon a totally uneducated media feeding an equally uneducated public. Does his signing bonus count toward this year's cap?

03-09-2016, 11:36 PM	#2
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,543	Re: Saints Sign Coby Fleener 5 year deal Originally Posted by Saint in Aus Does his signing bonus count toward this year's cap? No. Signing bonuses are always applied proportionately over the remaining contract per year.

03-10-2016, 07:15 AM	#3
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,783	Re: Saints Sign Coby Fleener 5 year deal Originally Posted by Saint in Aus Does his signing bonus count toward this year's cap? Originally Posted by AsylumGuido No. Signing bonuses are always applied proportionately over the remaining contract per year. Since it's $8 million over 5 years, that means that $1.6million will be applied to this year's cap. Coupled with the $800k salary, the total cap number for 2016 is $2.4 million. So this ends up being a 2 year "show me" contract at about $14 million. If Fleener pans out, then the Saints guarantee another $3.4 million in 2018. If not, then the Saints cuts Fleener and end out paying out $14 million for 2 years of services rendered. I'm not thrilled. I would have thought that the brain trust would have figured out by now that the path to a championship in the short term isn't by generating more offense. Championships are not won by teams winning 52-49. But we will see... SFIAH
	Super Bowl Championships: New Orleans Saints:1, Carolina:0, Atlanta Chokers: STILL ZERO Only Atlanta choked in an unchokable situation... Life is definitely good.

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