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Saints Keep Making !@#*% Space


SetfreexX

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Here's the real dirty secret with the Saints. 

Drew Brees looked pretty awful towards the end of the year. Can he play well rested in the first few weeks of the season? Of course. But he can't into the playoffs anymore. 

Saints are toast. They all know it but have no choice but to go all in again next year. 

Also lmao to the Saints giving up their first rounder for a dude who barely contributed last year. 

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2 minutes ago, stbugs said:

That’s not right. This is money already paid. I think it’s $21m in dead cap when I looked. Retire  and it still needs to be paid. They just keep pushing it and it gets a bit bigger each time. 

I'm just stating what Spotrac says...

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From Spotrac:

Contract Notes:

  • $27M guaranteed at signing (signing bonus + 2018 salary + 2018 roster bonuses)
  • Full No Trade Clause
  • 2018 Roster Bonus (treated as signing): $13.5M
  • 2018 Roster Bonus: $3.3M (due 3/16/2018)
  • 2019 Roster Bonus: $11.95M (due 3/15/2018)
  • 2020 automatically voids at the end of 2019 league year
  • Cannot be franchise tagged in 2020
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27 minutes ago, SetfreexX said:

The #Saints have restructured Drew Brees' contract to clear $10.8 million in salary cap space, as they try to lock down backup QB Teddy Bridgewater and host TE Jared Cook on a free-agent visit today. It's a simple restructure. Brees is still due $23M cash in 2019.

 

 

Brees' cap number for 2020 will now be $41.3 million. LMAO!  Whoaaaaaaaa. 

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2 minutes ago, joemac said:

Brees' cap number for 2020 will now be $41.3 million. LMAO!  Whoaaaaaaaa. 

Except his contract automatically voids at the end of the 2019 league year. He will be "cut" and can't be tagged. NO can then sign him to a new deal, if they want, or he can retire with no penalty to the Saints salary cap.

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1 minute ago, Raleigh PF said:

Except his contract automatically voids at the end of the 2019 league year. He will be a free agent and can't be tagged. NO can then sign him to a new deal, if they want, or he can retire with no penalty to the Saints salary cap.

OK, that makes more sense. 

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This from ProFootballTalk

Good news: Saints create $10.8 million in cap space by restructuring Drew Brees contract. Bad news: Brees' cap number for 2020 will now be $41.3 million.

Saints fans are already getting paranoid because of this because they may have to cut loose MT, AK, and or few other of their best players to even it out within next 2 years or so.

 

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"More details emerged after it was first reported that quarterback Drew Brees and the New Orleans Saints restructured their contract, freeing up $10.8 million in salary cap space for the 2019 season. Ben Volin of the Boston Globe reported that the Saints added another voided year to Brees’ contract to help spread out future hits against the salary cap. The Saints will have to reckon with these cap hits regardless of whether Brees continues playing after 2019 or chooses to retire. Larry Holder of the Athletic confirmed the adjustment.

 

Per Volin’s report, Brees will leave the Saints with these salary cap hits in the next few years:

 

2019: $22.7 million

2020: $15.9 million

2021: $5.4 million

This is smart accounting, giving the Saints more flexibility and resources in both the future and the present to work on other contracts. If Brees opts to re-sign with the Saints after the 2019 season and continue playing, any future salary cap commitments will be added on top of these preexisting numbers. If he hangs up his cleats after this season, the Saints will have about 8-percent of next year’s salary cap committed to him in dead money. That’s very much a molehill, not a mountain."

https://saintswire.usatoday.com/2019/03/14/saints-drew-brees-contract-details-restructure/amp/?__twitter_impression=true

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