The NFL Management Council currently projects the Saints as being $68 million over the 2021 cap. We have saved $6.46 million with the extension bringing us to about $19.6 million over the salary cap. The second one would see him actually extend his contract into 2022 (2022 is currently a void year) with a guaranteed roster bonus due on the first day of the league year. Jason La Canfora writes that the Saints are facing a massive salary cap deficit to make up in 2021 and league salary cap experts donât see an easy way out. He’ll be expensive to extend if he stays healthy but I would rather wait to see how things shake out over the next year. The Saints have the least projected cap space in 2021 at minus-$96.4 million. Lattimore enters the fifth-year option of his contract and is due to ⦠Even if the cap remains flat for 2021, which seems to be the most optimistic of possibilities, all three of the Cowboys, Saints and Eagles will face a harsh reality, increasingly in that order. Now you can argue the benefit of a right tackle versus a corner without Brees but many teams will, I believe, opt for the security of the offensive line in front of a young QB down the line. They are really all-in with no wiggle room.”. The only reason I put the extend label on him is because I think this is an easier contract to handle. The basic one would mimic the $19.14 million in savings I just mentioned using a basic conversion. This saves $6 million in cap space putting us $40.4 million away from our goal. In any event I’m confident I can come up with a way to get that $23.925 million in savings here with Brees, so about $70 million to go. As of January 31st, the projected 2021 salary cap, according to both Over the Cap and Spotrac, is set to be around $175 million. If you cut Murray you will save $2.5 million on the cap. This puts us$14.5 million over the salary cap. They could trade him but there is no cap relief associated with that during the lead in to free agency so keep that in mind if that is an option. La Canfora writes that cap experts around the league agree New Orleans will have to do something with QB Drew Brees‘ contract, saying it’s untenable to bring him back at his current 2021 number no matter what he decides with regards to his playing future. $9,624,679. With this restructure we have $46.4 million left to go. New Orleans Saints Cap Totals . Jack Conklin is the highest paid true right tackle in the NFL at $14 million a year so I think getting to $15 million a season can probably get this one done. Peat would have a $23 million cap hit this season and over a $19 million cap hit next season. (Note- Thanks to one of our readers pointing it out I had a big error here that moved this number by about $13 million from the original article so the totals are now reflected for that. Jenkins does have $1.2 million in guaranteed salary next year with no offsets but I think you just eat that charge. I just don’t see how you justify that, especially in today’s game. 2022 would remain challenging for the Saints even if Brees retires but each year should get easier for them as they transition to the post Brees era, though it is going to be some time before they trend toward the NFL averages for salary cap health. If he plays then you have a lot more dead money to deal with in 2022 but that is the price of Brees returning. They should be able to make this not subject to any forfeiture such that he can earn it and then retire, ala Andrew Luck. If the team cuts him they will save $5 million in cap room which is significant given their cap situation. Outside of that, though, there aren’t many other obvious candidates to trim for cap savings. This brings us to pretty much where we need to be to at least comply with the cap. But because of lost revenues from the coronavirus pandemic, the NFL's 2021 cap could plummet to as low as $175 million per team -- which means New Orleans might now be facing the most difficult challenge of ⦠When a player is traded, only prorated bonus money is accelerated against the cap. What if Brees is not sure he wants to retire and acts a bit like Brett Favre at the end of his career? I avoided a few other moves for a few reasons but we can walk through them here. However, restructuring this contract probably makes him untradeable in 2022 as well which most likely will be the last year he would have any significant trade value. “This is about as bad as anything I have seen. $172,702,133. The Saints are in the leagueâs worst position in terms of the 2015 salary cap. Thatâs not that surprising, but a few teams are in worse shape than others. Any guaranteed base salaries ⦠The 2020 salary cap is $198.2 million per team. Every team would be massively over the projected salary cap which has been rising by about 10 million a year for the last few years. Peat has an $11.6 million cap charge and they could open up around $6 million there, but he has the most downside of the players on that line and they should keep open the possibility of cutting him in 2022…I also didn’t touch Taysom Hill’s contract because there is no point to it and I don’t see them cutting him so no need to mention it. Even if Brees decides to hang up the cleats, that only removes his $36.2 million cap hit. Remember these numbers are all worst case scenarios. I think they can come to a low cost agreement with Jameis Winston and if they keep him on the sidelines most of this year they can get pretty creative to give him a reasonable way to earn some money without having it count on the cap in 21. The Saintsâ salary cap problems should come as no surprise to anyone. That would allow the Saints to drop his salary cap number from $36.15 million to $12.2225 million a savings of $23.925 million. Most likely he is going to look for something close to the $20 million spectrum. It's not the only team with worries, though. While there’s a chance the cap could be higher in 2021, the most optimistic projections have it inching up to just $185 million, meaning no matt what the Saints will need to clear tens of millions of dollars from the books. With $7.4 million in savings for 2021 we are now $26 million over the salary cap. We could get lower if we really need to go all in to get to $20 million or so under which gives us more wiggle room to really look at the pros and cons of bringing back Jared Cook, Alex Anzalone, and Sheldon Rankins. The team would have to carry Brees as an active player until June 2nd at which point they would officially place him on the retired list and receive the June 1 cap benefit. I think you can do a deal here that would give Ramczyk an $8 million raise in 2021 while bringing his cap number down to $4.6 million by paying him a $1 million salary and an $18 million signing bonus. Since Brees seems happy to play for $25M every year a token $25M base salary should be fair. In any event there should not be anything that prevents me from adding four void years to Lattimore’s contract for cap purposes and deferring his salary charges to 2021. The Saints rank 22nd in number of punts through 8 games so around the NFL average or just below. Today I take a look at the 2021 Salary cap, and its implications for the New Orleans Saints. This move would increase the rest of his contract by $2.565 million a season but save $10.26 million on the 2021 cap. The NFL Management Council currently projects the Saints as being $68 million over the 2021 cap. So based on the numbers above would likely need to cut Jenkins, Alexander, Brown, Easton, Murray, and Morstead. NFL salary cap 2021 issues for the Steelers, Saints, Rams, Chiefs, Falcons, Eagles: How each team can fix their roster. A lot of what the Saints will likely do with their roster hinges on the decision of Brees. I did not cut Emmanuel Sanders despite a $10 million cap hit. I’m not sure if he is really worth that number or not to New Orleans. If Brees is 100% certain he is going to retire the Saints can reduce his salary to the league minimum of $1.075 million. Brees would have to also be willing to modify his contract like this. We are now $56.7 million away from being cap compliant. However, the situation with the salary cap being set to drop in 2021 has caused serious concerns for the Saints. I know the Saints like having Murray to spell Alvin Kamara but once you do that big deal with Kamara you really can’t afford to waste another $4.2 million on a backup. Be sure to follow NFL Trade Rumors on TWITTER and FACEBOOK for breaking NFL News and Rumors for all 32 teams! So they need to make sure they are 100% on board with Thomas if they want to go here. Itâs a tough business, and having to cut Murray would be painful. New Orleans is nearly $100 million over the projected salary cap for 2021. The backup needs to be cheaper at this point. I saved this one for last because while I think it will be necessary if the cap hits the lowest of lows to sign rookies and/or a QB if Brees retires I was a little hesitant because of the issues the team seems to have had with Thomas this year. Outside of the Top 10 salary cap hits, the Saints could pick up some money by looking at players like Nick Easton and Patrick Robinson. They save $2.5 million by releasing Morstead getting us to $9.5 million. Saintsâ salary cap situation improves with $182.5M cap announcement Good news in New Orleans as the salary cap is set to land for them over $10M better than originally arranged. If Brees does not return he is a no brainer cut regardless of a $2 million salary guarantee. The Saints are starting to explore new avenues to find a way under the salary cap with the start of the new league year a little over two weeks away. play. According to Over the Cap, the Saints are sitting around $58.7 million on the wrong side of the cap, which is by far the worst mark in the NFL. Cut Nick Easton. The salary cap is based on total revenue and the players get about 54% of this now. Rather than taking on $22.65 million in dead money in 2021 the team would only have an $11.15 million charge for Brees in 2021 and $11.5 million in 2022. This was strictly related to my thinking Brees comes back and I think would want that third receiver. Jordan has an $18.9 million salary cap charge next year and $13.8 million in salary. “I mean this is a case where you might want to keep restructuring and pushing (cap charges) back because you have a good roster, but now that the cap is flat, or worse, the next few years, that can really end up just compounding the problems,” one told La Canfora. Following that, Peatâs dead cap will be ⦠By adding a void year I can drop his cap charge from $18.8 million in 2021 to $9.5 million, which blocks our trades in 2022 unless we want to take on over $25 million in dead money. He currently has one void year on his contract and they can tack on one additional one to maximize the cap savings. This website is not affiliated with the NFL, NFLPA, or any individual NFL franchise. Cincinnati Bengals CIN 80 25.89. The Saints are routinely up against the salary cap, with proverbial financial cans kicked down the road at times and occasional tough decisions to keep or cut players. CB Marshon Lattimore. If Brees does decide to retire the team would get the same savings as in the first scenario since the option would never be exercised. Salary Cap Issues 2021 - The Saints went âall inâ for this year & face a huge cap issue. The Saints have been on the salary cap high wire for a while. Cutting him saves $4 million….I did not touch the contract of Terron Armstead. Right now trading Thomas would cost the Saints $1.2 million in cap room so I don’t see that as likely even if Brees retires. ust last week on it where he asked some other team cap managers how to handle it. Jenkins is having a decent year but there is no way to justify an $11.2 million salary and a $14.2 million salary cap charge next year. But due to the Coronavirus pandemic, locals sales, audience attendance, and therefore the future cap took a ⦠Brown is a solid player on the Saints defensive line but I think that you can almost always find solid nose tackles that would probably be cheaper than the $6.5 million cap charge he will have next year, especially if the pandemic leads to a number of veterans being available for pennies on the dollar. The downside with this move is you are likely locking into Jordan for at least the 2022 season when he will be 33. Sorry for the confusion). The Saints have major salary-cap issues, big decisions. On top of that its less money pay outs on these deals- Conklin made $20 million in new money in the first new year of his contract while the cornerbacks are well into the $30 million range. The salary cap -- which only counts the top 51 salaries on a team -- is set at $198 million for the upcoming 2020 season. Lattimore is going to be a tricky contract negotiation. Assuming the cap drops to around $175 million we project the Saints to be in the ballpark of $95 million over the salary cap (this may get reported higher due to a unique contract situation that only occurred because of the CBA but we are factoring in the intent of that contract into our cap number), which I believe has to be the worst salary cap position a team has ever been in, though in the Saints defense nobody every anticipated a pandemic potentially wiping out the salary cap for a year. The Eagles could be some $50 million over the cap in 2021 after Adam Schefter reported the salary cap will be $181 ... offseason with the current highest cap commitments for 2021: 1. No matter what happens this year the Saints have to look at this Alexander trade as a one year shot and not get fooled into trying to keep an often injured linebacker long term. Saints Facing Massive Salary Cap Issues In 2021, League Experts Unsure How... Saints Re-Sign DB Eric Burrell, Place G Alex Hoffman On Retired List, Dolphins Claim CB Trill Williams Off Waivers From Saints. We are now $12 million away. If they did push money on him, which would be reasonable if they see a better than 70% chance they extend him in 22, you would save $8.12 million if you add void years. $25,951,463. If the team does wind up extending Lattimore after the season they will keep the $1.85M in proration from 22 to 25 as is, a pretty low cost overall. Brees currently counts for $36.15 million on the Saints salary cap which clearly can’t happen if they want to comply with the cap. If the revenues are not impacted as much as we think and they are offset by other union concessions this year you may be able to add millions and millions of dollars to these figures putting them well under the salary cap for next season. So if the Saints went absolutely crazy all in for 2021 and did all these things then you are looking at being around $18 million under the cap. I really donât think anyone is better than Loomis when it cones to contrac Eastonâs $7 million cap figure is way too high for a player who is going to ⦠⦠If you enter extension negotiations with Lattimore he is going to be expensive. The 2020 cap was set at $198.2M and originally an increase was expected. Though the Saints are looking like the top dog in the NFC, more and more people are starting to take notice of their salary cap situation next year. If you fail to extend him, though, you have gone from $5.075 million in dead money in 2022 to $13.2 million, which is a ton of leverage for a player to have. If he retires the team will pick up $13.5 million in cap space while carrying $22.65 million in dead money, but I think the Saints can get creative here to work with this contract. “Man, I don’t know what they do after this,” one cap manager for another team told La Canfora. Jason La Canfora writes that the Saints are facing a massive salary cap deficit to make up in 2021 and league salary cap experts don’t see an easy way out. You could also do a similar contract in the Favre scenario if he is agreeable. As it stands, the Saintsâ 2021 cap commitments sit at around $260 million. 2021 is his last year under contract and there is already $5 million in dead money for him coming in 2022. Morstead has been around forever and those players are hard to part ways with, but his $4.5 million cap charge is the second highest in the NFL and about $2.5 million more than the league average spent on the position. The New Orleans Saints received a bit of salary-cap relief when Drew Brees ' base salary for the 2021 season was dropped to $1.075 million. However, that number doesn’t take into account the expected drop due to revenue loss from the pandemic, which could put the cap as low as $175 million, leaving New Orleans $91 million in the red. Winston flopped in free agency last year and while there will be more openings in 2022 I think they offer the best opportunity for both sides. And calling the Saints' 2021 financial situation a "problem" is putting it kindly. According to Spotrac, 10 teams are slated to be over the new salary cap figure. They could try to bring his number down for the season but with just $1 million in dead money it probably makes sense to cut and then revisit later on if necessary. © NFLTradeRumors.co is an independent news source and has no affiliation with the National Football League (NFL), NFL.com, or any team(s). Doing this allows them to bring that cap number down to the $12.2225 million number and get the best of all worlds. He is entering the final year of his contract and will count $10.244 million on the salary cap. All of the above for Lattimore may also apply to Ramczyk, who will count for $11.064 million on the Saints 2021 salary cap as he moves into his final contract year. The only other avenues available to the Saints to create cap space is restructuring more deals, which is what created the current hole they’re in and carries no shortage of risk per the experts. He has probably gotten worse every year in coverage but I can’t see gutting the entire secondary in 2021 especially if Brees returns. Cutting Jenkins frees up $7 million in cap space, though it also leaves them with an ugly $7.2 million dead money charge. Doing this gives them the capability to do the same trick with the contract I said for 2021 and use the June 1 in 2022 if Brees plays in 2021 and wants to retire in 2022. Other players the experts named who the Saints could look at to create space include CB Janoris Jenkins, TE Jared Cook and LB Kwon Alexander, per La Canfora. After thinking about it for a bit I think no matter what the Saints probably need to turn 2022 into a real contract year under any scenario in which Brees may play in 2021. Easton’s $7 million cap figure is way too high for a player who is going to be a backup barring injury to someone else. If they don’t extend him then you are baking $7.4 million dead into 2022, but 2021 is our primary concern not 2022 at this point. Players already listed in this color represent players no longer on the roster that still sustain dead money liabilities against the team's cap. Some experts believe the Saints will need to trade away some of their younger stars like DT Sheldon Rankins, CB Marshon Lattimore, DE Marcus Davenport or even RB Alvin Kamara or WR Michael Thomas. RB Latavius Murray. The Saints just extended Jordan last season so I have to imagine he is in their plans with or without Brees. We would be a few minor moves away from having enough space to sign rookies and a few low cost free agents. The drop in expected league revenue as a result of empty stadiums has led to an unprecedented decline in the salary cap. Saints are $101M over projected 2021 salary cap, which isn't as bad as it looks. That probably means a $17.6 million cap charge the next year but that should be workable especially since they can restructure if needed. He is a first round pick and recent contracts for Jalen Ramsey, Tre’Davious White, and Marlon Humphrey have averaged between $17.25 million and $20 million a year. Under that type of contract Brees would count for $17.01 million, a savings of $19.14 million. There is $0 associated with releasing Alexander so that will save the team $13.4 million. The Saints will carry around $4.2 million over into ⦠You would have to replace him with either a minimum salary vet (cap charge around $1M) or lower drafted rookie (cap charge around $800K). The salary cap -- which only counts the top 51 salaries on a team -- is set at $198 million for the upcoming 2020 season. It probably makes more sense to just extend him outright in this scenario….No chance I’m touching the Andrus Peat contract. Maybe the Saints will think the net savings are not worth it , but I would think that they are. NFL salary cap 2021 issues for the Steelers, Saints, Rams, Chiefs, Falcons, Eagles: How each team can fix their roster play Graziano: Momentum for Big Ben to ⦠Adjusted Salary Cap $185,490,504; ⦠Heâs ⦠Jason LaCanfora of CBS wrote an article just last week on it where he asked some other team cap managers how to handle it and they all agreed it’s a pretty big mess. Armstead is a terrific player when healthy but has played in 7, 10, 10, and 15 games the last four years. At the end of each player move I’ll keep a running tally of where we are with the cap. $169,186,812. If Brees does retire the team will certainly need a QB unless they really go crazy with Hill. Their current salary cap ⦠Even if the cap remains flat ⦠I can lower Lattimore’s cap charge to $2.84 million by doing this. I don’t see a point in adding even more dead money to his 2022 void year because unlike Lattimore I don’t see any chance that they retain him in 2022 so I would rather bite the bullet all in 2021. We are $33.4 million away from making it to cap compliancy. So I’ll have some fun and take a shot at running through the Saints roster and some moves that I think they will consider. According to Spotrac , the Saints have $254.7 million committed to their top 51 players. If Brees is 100% certain that he will return again you have a few options. One option is to add more void years to the contract, reduce his salary as above, and convert the $23.925 million to an option bonus that is due after the first game of the season.
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