2022 NFL Free Agency: New Orleans Saints

TheOak · 01-12-2021, 06:33 AM

Originally Posted by SmashMouth

If Brees truly retires, doesn't the cap treat retirement $ differently?

No, retirement is treated the same way as cut.

BUT

We are looking at Drew's contract as a finite document. That contract can be restructured in the off season and look completely different for his retirement. Both Loomis and Drew knew what they were getting into with that contract and it is written to allow Drew to decide his own destiny. If they both agree they can change it at will as long as the bonus/guaranteed portion is satisfied against the cap.

A restructured contract could be 1 year for league minimum and all the rest converted to NLTBE bonus which doesn't hit the cap.

NLTBE (Not Likely To Be Earned) Pay him his $1.3M league minimum salary, put the remaining into a $22M 4,000 yard passing bonus which wont count against the cap for 2021 as he didn't throw for 4000 in 2020.

Drew retires and we eat league minimum.

01-12-2021, 06:33 AM	#7
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,047	Re: 1 Attachment(s) You are subscribed to this thread 2021 NFL Free Agency: New Orleans Saints Originally Posted by SmashMouth If Brees truly retires, doesn't the cap treat retirement $ differently? No, retirement is treated the same way as cut. BUT We are looking at Drew's contract as a finite document. That contract can be restructured in the off season and look completely different for his retirement. Both Loomis and Drew knew what they were getting into with that contract and it is written to allow Drew to decide his own destiny. If they both agree they can change it at will as long as the bonus/guaranteed portion is satisfied against the cap. A restructured contract could be 1 year for league minimum and all the rest converted to NLTBE bonus which doesn't hit the cap. NLTBE (Not Likely To Be Earned) Pay him his $1.3M league minimum salary, put the remaining into a $22M 4,000 yard passing bonus which wont count against the cap for 2021 as he didn't throw for 4000 in 2020. Drew retires and we eat league minimum. Rugby Saint II likes this.
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