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

[Riverboat Ron]

Every Saints fan I talk to about extending Brees seems to conveniently forget his dead cap figure is $20 million this season, that money doesn't just disappear or go back in Benson's pockets forever. It also seems like they have the impression Brees is going to take a big hometown discount, so if I follow, Brees will only have a cap figure of vet minimum this year and extend 20 years for vet minimum no guarantees since he's playing till he's 58.

[Frank Hollywood]

They had about $270k in cap space this morning. The Hill matching won't take much as he was already counting $1.6 million against their cap.

The Fairly deal isn't happening until someone restructures.

[Cam's New Arm]

How much would a trade cost / save the saints? What if they're shopping Brees..?

[Cam's New Arm]

To clarify the question.. If I'm SP and I just re signed, I'm looking at a long-term fix for the cap. The sooner you dump his contract, the better... If that's your mo

[Sasquatch]

15 hours ago, Casto said:

How much would a trade cost / save the saints? What if they're shopping Brees..?

Roughly $10 million of Brees current contract is guaranteed salary and is trade-able along with the non guaranteed salary. While cutting him in his contract year would return the non guaranteed money to his cap space (giving them $10 million more cap space), trading him would move the guaranteed portion to the new team giving the Saints $20 million more cap space. All they have to do is find a team with $20 million is current cap space and a willingness to pay a 37 YO QB Flacco type money. The Saints keep the $20 million dead money hit if they cut him but it become $10 million with a trade.

Before nitpickers attack, I estimated my numbers. 

[Cam's New Arm]

On 3/26/2016 at 10:20 AM, Sasquatch said:

Roughly $10 million of Brees current contract is guaranteed salary and is trade-able along with the non guaranteed salary. While cutting him in his contract year would return the non guaranteed money to his cap space (giving them $10 million more cap space), trading him would move the guaranteed portion to the new team giving the Saints $20 million more cap space. All they have to do is find a team with $20 million is current cap space and a willingness to pay a 37 YO QB Flacco type money. The Saints keep the $20 million dead money hit if they cut him but it become $10 million with a trade.

Before nitpickers attack, I estimated my numbers. 

Thank you.

So in other words, it would really benefit the team. I thought that's how it'd play out

[KB_fan]

Just happened to see this on ESPN's feed:

Quote

The Saints created more than $3.5 million in salary-cap space by restructuring the contracts of DE Cameron Jordan and P Thomas Morstead, per ESPN's Field Yates. They were simple restructures with no pay cuts or new money. They converted portions of their base salaries into signing bonuses -- a common practice the Saints use almost every year to push cap costs into future years. The Saints needed the space to fit their new deal with DT Nick Fairley, among others.

http://scores.espn.go.com/nfl/

[The NFL Shield At Midfield]

They converted portions of their base salaries into signing bonuses

[Mother Grabber]

7 hours ago, KB_fan said:

a common practice the Saints use almost every year to push cap costs into future years

see you again next year, cap hell - The Taints