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Drew Brees Deal is Done!

this is a discussion within the Saints Community Forum; Originally Posted by lee909 Doesn't leave much Going have to start some creative accountancy for any big deals. We started out with $31.3M free cap. Brees was already counting $6 toward that figure. The new deal adds an additional $18M ...

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Old 03-14-2018, 07:35 AM   #61
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Originally Posted by lee909 View Post
Doesn't leave much
Going have to start some creative accountancy for any big deals.
We started out with $31.3M free cap. Brees was already counting $6 toward that figure. The new deal adds an additional $18M leaving $13.3M. There is also around $9M in roster bonuses that can be automatically converted to signing bonuses thus free up another $6M to $7M. Therefore, before doing any creative accounting, such as restructuring deals, we're looking at around $20M to work with. Converting roster bonuses do not required approval of the player as it looks the same to them. The only difference is that the amount is amortized for cap reasons over the remainder of their contract. The player gets the whole amount regardless.
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Old 03-14-2018, 07:39 AM   #62
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Re: Drew Brees Deal is Done!

They do but that deal has to be paid via the cap at some point. Im not worried about anything i just don't want to see any stupid deals and mortgaging the future.
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Old 03-14-2018, 07:49 AM   #63
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Re: Drew Brees Deal is Done!

Originally Posted by lee909 View Post
They do but that deal has to be paid via the cap at some point. Im not worried about anything i just don't want to see any stupid deals and mortgaging the future.
Yes. But pushing it forward means it becomes a smaller percentage of the cap since the cap keeps growing at such a fast pace. And, unlike a few defensive players blunders in the pre-Jeff Ireland era, Brees earns every penny allocated.

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Old 03-14-2018, 08:34 AM   #64
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Re: Drew Brees Deal is Done!

Drew Brees is now set to count $33.5M against the Saints' salary cap in 2019. https://t.co/X6nklQ4Mel
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Old 03-14-2018, 10:26 AM   #65
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Re: Drew Brees Deal is Done!

Originally Posted by lee909 View Post
Drew Brees is now set to count $33.5M against the Saints' salary cap in 2019. https://t.co/X6nklQ4Mel
That's without a restructure. Every year from now on out they'll do a new two year deal with a lower year one cap figure. The longer they keep pushing it out the lower percentage of the cap it will eat. And, besides, $22.25M of that $33.5M is base salary and wouldn't be payable if for some reason Brees doesn't return. It will continue to be that type of structure until he decides to retire.
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Old 03-14-2018, 10:30 AM   #66
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Re: Drew Brees Deal is Done!

Not arguing that
Just adding the tweets now the numbers are out
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Old 03-14-2018, 10:36 AM   #67
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Re: Drew Brees Deal is Done!

All I say as it relates to #9 is that you better enjoy his greatness for the next 2+ seasons. It could be many, many years before we ever see anything like it in New Orleans at the QB position.

I'll let everyone else breakdown the cap .
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Old 03-14-2018, 10:38 AM   #68
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Re: Drew Brees Deal is Done!

Originally Posted by lee909 View Post
Not arguing that
Just adding the tweets now the numbers are out


I'm just sharing that with members that may be concerned. Most of the media hacks out there do not understand "capology" and are constantly sharing misleading information.
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Old 03-14-2018, 12:20 PM   #69
 
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Re: Drew Brees Deal is Done!

This won't be his last contract with the Saints!

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Old 03-14-2018, 12:27 PM   #70
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Re: Drew Brees Deal is Done!

All I know is when you add 20 million to 18 million it sometimes become 27 million unless you're doing that new math where you take 3 cows and turn them around and they see 3 chickens, who killed the turtle!

I really don't care about the cap. The team has handled that very well over many years and will handle it again!
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