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Covid Cap Implications


Jeremy Igo

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Has been talked about in threads before, but a silver lining is this is potentially an amazing year to suck (if we get a good pick).  The cap in 2021 could get real weird, real fast, and teams will have to cut some key guys.

Know who doesn't really have cap issues for key guys, will have tons of dead money coming off the books, and if we play our cards right, draft a new franchise QB?  Hello, us. We'd be primed to essentially handpick a few key FAs, take care of some of our younger guys, and have an exciting new QB to do so while some of the better teams now, either age out or are forced to get rid of talent.  A 3-5 year rebuild could happen in 1-2 years with the right QB, where then you would hope the cap has jumped back up. 

 

Could also see the NFL having to use an NBA style amnesty clause or something to protect all involved, designate one player on the team who doesn't count against the cap, etc. 

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6 hours ago, Leeroy Jenkins Ph.D. said:

Teams that would be hurt the most by a 10 million dollar reduction in salary cap.

 

Buccaneers: -5,300,000

Chiefs: -5,200,000

Rams: -4,800,000

Steelers: -4,600,000

Cardinals: -4,200,000

Raiders: -4,000,000

Ravens: -2,500,000

Patriots: -1,500,000

Falcons: -1,500,000

Saints: -1,300,000

Cowboys: -650,000

Vikings: -180,000

This isn't accurate. No matter how much the Saints spend, they are never over the cap. You haven't realized this yet?

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5 hours ago, CarolinaNCSU said:

Has been talked about in threads before, but a silver lining is this is potentially an amazing year to suck (if we get a good pick).  The cap in 2021 could get real weird, real fast, and teams will have to cut some key guys.

Know who doesn't really have cap issues for key guys, will have tons of dead money coming off the books, and if we play our cards right, draft a new franchise QB?  Hello, us. We'd be primed to essentially handpick a few key FAs, take care of some of our younger guys, and have an exciting new QB to do so while some of the better teams now, either age out or are forced to get rid of talent.  A 3-5 year rebuild could happen in 1-2 years with the right QB, where then you would hope the cap has jumped back up. 

 

Could also see the NFL having to use an NBA style amnesty clause or something to protect all involved, designate one player on the team who doesn't count against the cap, etc. 

I really really wanted to buy into this silver lining but then I remembered that our GM is still Hurney....

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6 hours ago, kungfoodude said:

This isn't accurate. No matter how much the Saints spend, they are never over the cap. You haven't realized this yet?

People love to say that but they the fact is they have let some good players go in the past few years because of their cap situation.  Also they have had a few years where they have carried huge amount of dead money on their books, so they have effectively fielded quality teams with reduced cap space.  

A large reason they have bean able to do this is because they have had some really good draft classes, so they have had key players on really cheap contracts.

In reality they only have one player with a cap hit over $10m this year, Brees.  We have 3.

 

 

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36 minutes ago, AU-panther said:

People love to say that but they the fact is they have let some good players go in the past few years because of their cap situation.  Also they have had a few years where they have carried huge amount of dead money on their books, so they have effectively fielded quality teams with reduced cap space.  

A large reason they have bean able to do this is because they have had some really good draft classes, so they have had key players on really cheap contracts.

In reality they only have one player with a cap hit over $10m this year, Brees.  We have 3.

 

 

In reality, it is about to catch up to them. They may have just one this year but they have 10 next year. The cap magic is about to have to get reeeeeaaaaally fancy.

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The Saints aren't going to be able to roll over a ton of money this year, and are already 50-60 million OVER the cap if the $175 million number holds in 2021.  With some pretty big FAs as well, and the obvious likelihood of a Brees retirement that will still leave behind a 20+ million dead cap number.  The Saints either win the SB this year or they're dead. 

Same type story could be said for the Bucs who have 3-4 pretty big guys who will want big money or need replacements, and Brady's 2 year window.  The Falcons are absolutely screwed. Couple big name FAs in 2021 and 5 guys taking up over 60% of their cap with little wiggle room beyond majorly kicking the can down the road.

Our big issue is locking up Moton, and maybe Samuel. Tampa is dealing with things like signing Chris Godwin, Shaq Barrett, Lavonte David, probably losing Gronk/Suh as names. New Orleans will be 50 million over the cap, with Lattimore and Ramczyk on their 5th year options wanting new deals.  Kamara, Jared Cook, Sheldon Rankins, and Demario Davis needing contracts after 2020. Don't care what kind of cap magic they've done in the past, it's getting blown up the minute Brees is done. 

 

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10 hours ago, CarolinaNCSU said:

The Saints aren't going to be able to roll over a ton of money this year, and are already 50-60 million OVER the cap if the $175 million number holds in 2021.  With some pretty big FAs as well, and the obvious likelihood of a Brees retirement that will still leave behind a 20+ million dead cap number.  The Saints either win the SB this year or they're dead. 

Same type story could be said for the Bucs who have 3-4 pretty big guys who will want big money or need replacements, and Brady's 2 year window.  The Falcons are absolutely screwed. Couple big name FAs in 2021 and 5 guys taking up over 60% of their cap with little wiggle room beyond majorly kicking the can down the road.

Our big issue is locking up Moton, and maybe Samuel. Tampa is dealing with things like signing Chris Godwin, Shaq Barrett, Lavonte David, probably losing Gronk/Suh as names. New Orleans will be 50 million over the cap, with Lattimore and Ramczyk on their 5th year options wanting new deals.  Kamara, Jared Cook, Sheldon Rankins, and Demario Davis needing contracts after 2020. Don't care what kind of cap magic they've done in the past, it's getting blown up the minute Brees is done. 

 

These numbers about the Saints include Brees actually playing.  If he quits it actually saves them cap space.  If they do it as a June 1 cut they will actually save cap space.  So that $60m overage includes $30+ million for Brees playing.  Don't get me wrong, they are going to have to restructure some people (they have several guys with large base salaries) and they are going to carry some dead money the next few years, but I'm pretty sure they will still field a football team.

 

 

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17 minutes ago, AU-panther said:

These numbers about the Saints include Brees actually playing.  If he quits it actually saves them cap space.  If they do it as a June 1 cut they will actually save cap space.  So that $60m overage includes $30+ million for Brees playing.  Don't get me wrong, they are going to have to restructure some people (they have several guys with large base salaries) and they are going to carry some dead money the next few years, but I'm pretty sure they will still field a football team.

 

 

Correct, but Brees will still have a 20+ million dead cap hit. There's immediate savings, obviously, but they're essentially getting two Matt Kalil's on their dead cap without an actual QB signed unless you call then 31 year old unproven Taysom Hill that. If they want to spread that dead cap hit then by all means, but they're still in line to be 30-40 million over the cap if Brees retires, with all of those guys above needing deals.  Back loading those deals with a questionable QB future after all these years and one wrong move locks them into cap hell and in search of a QB at the same time. Brees has been the bandaid holding everything together with a couple of great drafts.  That bandaid gets ripped off, a lot of the sores of the past will get exposed. 

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