The Saints generate $7.8 million with Post June 1 Designations

SmashMouth · 06-01-2017, 02:01 PM

When the Cowboys released Tony Romo, they did so with the post-June 1 designation. That resulted in his $19.6 million cap hit being split into a $10.7 million charge in 2017 and an $8.9 million charge in 2018. But since his $14 million salary (and $24.7 million cap charge) remained on the books through June 1, the Cowboys will get as of Friday $14 million in cap space.

Via Field Yates of ESPN.com, other teams will pick up some cap space, too, but none will get nearly as much as the Cowboys. The Saints generate $7.8 million, the Jets get $6 million, the Lions realize $4.8 million, the Falcons pick up $4.25 million, and the Chargers acquire $2.5 million.

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ChrisXVI · 06-01-2017, 02:26 PM

Best thing we ever got from Byrd.

hagan714 · 06-01-2017, 04:07 PM

please do not rush to spend it

AsylumGuido · 06-01-2017, 04:30 PM

Originally Posted by hagan714

please do not rush to spend it

Considering we haven't signed a single drafted rookie yet ... most of that will be spent right away.

voodooido · 06-01-2017, 04:47 PM

Still wanting a Brees deal before the season but I know it won't happen. I really don't want the 18 mil in dead cap if he goes elsewhere next year.

AsylumGuido · 06-01-2017, 05:00 PM

Originally Posted by voodooido

Still wanting a Brees deal before the season but I know it won't happen. I really don't want the 18 mil in dead cap if he goes elsewhere next year.

1) Why would you think he would go elsewhere next year?

2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties.

3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch.

4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen.

The Dude · 06-01-2017, 08:46 PM

Originally Posted by AsylumGuido

1) Why would you think he would go elsewhere next year?

2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties.

3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch.

4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen.

If we have another losing season a guarantee 100% he will go elsewhere.

AsylumGuido · 06-01-2017, 10:55 PM

Originally Posted by The Dude

If we have another losing season a guarantee 100% he will go elsewhere.

Not that I think we will have a losing season, but what makes you believe that? In fact, God forbid, if we do have another losing season this coming year I will bet you real cash money that he wouldn't up and go to another team following the season.

You guarantee 100%, right? Well?

voodooido · 06-04-2017, 04:33 PM

Originally Posted by AsylumGuido

1) Why would you think he would go elsewhere next year?

2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties.

3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch.

4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen.

I'll have to find it again but I read recently where because of him signing an extension with the last year a "void" year it would put 18 mil against our cap.

voodooido · 06-04-2017, 04:34 PM

Originally Posted by AsylumGuido

1) Why would you think he would go elsewhere next year?

2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties.

3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch.

4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen.

He it is.......

Drew Brees' Saints deal creates cap space in 2017, dead money in 2018 - New Orleans Saints Blog- ESPN

06-01-2017, 02:01 PM	#1
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,477 Blog Entries: 29	The Saints generate $7.8 million with Post June 1 Designations When the Cowboys released Tony Romo, they did so with the post-June 1 designation. That resulted in his $19.6 million cap hit being split into a $10.7 million charge in 2017 and an $8.9 million charge in 2018. But since his $14 million salary (and $24.7 million cap charge) remained on the books through June 1, the Cowboys will get as of Friday $14 million in cap space. Via Field Yates of ESPN.com, other teams will pick up some cap space, too, but none will get nearly as much as the Cowboys. The Saints generate $7.8 million, the Jets get $6 million, the Lions realize $4.8 million, the Falcons pick up $4.25 million, and the Chargers acquire $2.5 million. read more

06-01-2017, 02:26 PM	#2
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: The Saints generate $7.8 million with Post June 1 Designations Best thing we ever got from Byrd. MatthewT and hagan714 like this.

06-01-2017, 04:07 PM	#3
hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68	Re: The Saints generate $7.8 million with Post June 1 Designations please do not rush to spend it

06-01-2017, 04:30 PM	#4
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,472	Re: The Saints generate $7.8 million with Post June 1 Designations Originally Posted by hagan714 please do not rush to spend it Considering we haven't signed a single drafted rookie yet ... most of that will be spent right away.

06-01-2017, 04:47 PM	#5
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,819	Re: The Saints generate $7.8 million with Post June 1 Designations Still wanting a Brees deal before the season but I know it won't happen. I really don't want the 18 mil in dead cap if he goes elsewhere next year.
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,819

06-01-2017, 05:00 PM	#6
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,472	Re: The Saints generate $7.8 million with Post June 1 Designations Originally Posted by voodooido Still wanting a Brees deal before the season but I know it won't happen. I really don't want the 18 mil in dead cap if he goes elsewhere next year. 1) Why would you think he would go elsewhere next year? 2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties. 3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch. 4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen. SaintFanInATLHELL likes this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

06-01-2017, 08:46 PM	#7
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,055	Re: The Saints generate $7.8 million with Post June 1 Designations Originally Posted by AsylumGuido 1) Why would you think he would go elsewhere next year? 2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties. 3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch. 4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen. If we have another losing season a guarantee 100% he will go elsewhere.
The Dude 5000 POSTS! + Join Date: Jul 2011 Posts: 9,055

06-01-2017, 10:55 PM	#8
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,472	Re: The Saints generate $7.8 million with Post June 1 Designations Originally Posted by The Dude If we have another losing season a guarantee 100% he will go elsewhere. Not that I think we will have a losing season, but what makes you believe that? In fact, God forbid, if we do have another losing season this coming year I will bet you real cash money that he wouldn't up and go to another team following the season. You guarantee 100%, right? Well?

06-04-2017, 04:33 PM	#9
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,819	Re: The Saints generate $7.8 million with Post June 1 Designations Originally Posted by AsylumGuido 1) Why would you think he would go elsewhere next year? 2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties. 3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch. 4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen. I'll have to find it again but I read recently where because of him signing an extension with the last year a "void" year it would put 18 mil against our cap.
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,819

06-04-2017, 04:34 PM	#10
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,819	Re: The Saints generate $7.8 million with Post June 1 Designations Originally Posted by AsylumGuido 1) Why would you think he would go elsewhere next year? 2) He has already stated he wanted to go year to year now even though he plans to play the rest of his career in N.O. and play into his mid-forties. 3) He has the same agent as Peyton Manning and Manning also went year to year for several years down the stretch. 4) There would not be an $18 million cap hit if by some miracle he was to leave on his own. The contract voids after 2017. Its conditions for guarantee only apply to release or trade. It also contains a no trade clause so that cannot happen. He it is....... Drew Brees' Saints deal creates cap space in 2017, dead money in 2018 - New Orleans Saints Blog- ESPN
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,819

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