Saints have $1.298M million in cap space (updated)

[SCP]

3 hours ago, Mr. Scot said:

Do you think anybody has tried to explain to Mickey Loomis that a restructure isn't the same as a pay cut?

(If no, I'm not gonna tell him either)

He's busy with the Pelicans GM duties right now.

[jdpanther5]

2 hours ago, R0CKnR0LLA said:

Where'd you get that number from?

Projected draft pick amounts

1st - $2,142,939

2nd - $883,450

3rd - $624,343

4th - $580,289

5th - $505,203

7th - $467,014

The total amount they'll pay their rookies (assuming they stay at those draft positions) is $5,203,238, however not all of that affects the cap. Only the top 51 salaries count, and right now their 51st contract is Davis Tull at $505,433, so that eliminates their last two picks and any UDFAs from their total. 

The remaining top 4 picks still total $4,231,021, however they will also bump 4 contracts out of the top 51. That's the aforementioned Tull contract and 3 contracts of $525,000. By subtracting the removed salaries from the added rookie salaries, the net impact is actually $2,150,588.

[Jangler]

[juliosantos]

Idk how they keep signing players though

[MrBubba]

Still signed Laurentitis and bringing in Fairly 

[KillerKat]

56 minutes ago, MrBubba said:

Still signed Laurentitis and bringing in Fairly 

how the fug are they able to keep signing free agents? 

[TheSpecialJuan]

2 hours ago, MrBubba said:

Still signed Laurentitis and bringing in Fairly 

For real doe

[Mother Grabber]

maybe they forgot there's a draft

[The NFL Shield At Midfield]

1 hour ago, KillerKat said:

how the fug are they able to keep signing free agents? 

oh spending up to the cap every year is definitely something you can do.  i mean we've seen it happen here before.  there are various accounting tricks that can be used to shuffle things around and free up a couple million when you need it.

thing is when you do that you have to nail all the signings and kill the draft year in and year out.  it's important to have a bunch of guys on cheap contracts playing well above their salaries for it all to work.  otherwise you just get a big pile of overpaid poo which is what the saints have had since the 2014 season.

[aussiePanther]

1 hour ago, The NFL Shield At Midfield said:

oh spending up to the cap every year is definitely something you can do.  i mean we've seen it happen here before.  there are various accounting tricks that can be used to shuffle things around and free up a couple million when you need it.

thing is when you do that you have to nail all the signings and kill the draft year in and year out.  it's important to have a bunch of guys on cheap contracts playing well above their salaries for it all to work.  otherwise you just get a big pile of overpaid poo which is what the saints have had since the 2014 season.

That and you can't re-sign all your core players when their contracts come up.

[Captain Morgan]

NFLPA records have the #Saints at $1.298M in space this morning with 64 current contracts. It was $2.57M the other day.

9:27 AM - 19 Mar 2016

[The NFL Shield At Midfield]

the salary cap is a myth hurrrr

[Kakarot]

They're banking on Brees taking a pay cut or a restructure. 

[Mother Grabber]

they must already have some restructuring plans going on. Loomis can't really be this stupid.