The Current Contract Thread - Who Needs to Be Restructured
Won't that just increase dead money in the future.Point of this thread is to examine some current players on our roster who you believe their contract should be restructured to free up valuable cap space. We have some posters on the site who are really informed and their input is more than welcomed. Again, this isn't a thread to tear down anyone, it is simply one to discuss how Loomis may help the team going forward battling the cap.
I will go first with a contract that I see when examining it will be a huge hit to our salary cap in 2022
Current Contract
Cameron Jordan signed a 3 year, $52,500,000 contract with the New Orleans Saints, including a $15,500,000 signing bonus, $42,035,000 guaranteed, and an average annual salary of $17,500,000. In 2021, Jordan will earn a base salary of $1,075,000, a restructure bonus of $12,725,000 and a workout bonus of $100,000, while carrying a cap hit of $9,356,250 and a dead cap value of $30,700,000.
Contract Terms: 3 yr(s) / $52,500,000 Signing Bonus $15,500,000 Average Salary$17,500,000 GTD at Sign:$27,435,000 Total GTD:$42,035,000 Free Agent:2024 / UFA
Year Age Base Salary Signing Roster Option Workout Restructure Cap Hit Dead Cap Yearly Cash Bonus Breakdown Cap Details Cash Details 2019 30 $935,000 $6,300,000 $500,000 $1,747,000 $65,000 - $9,547,000 $34,194,000 $17,000,000($17,000,000) 2020 31 $2,250,000 $3,100,000 - $1,747,000 $100,000 $1,900,000 $9,097,000 $25,997,000 $11,850,000($28,850,000) 2021 32 $1,075,000 $3,100,000 - - $100,000 $5,081,250 $9,356,250 $30,700,000 $13,900,000($42,750,000) 2022 33 $13,600,000 $3,100,000 $1,000,000 - $100,000 $5,081,250 $22,881,250 $21,443,750 $14,700,000($57,450,000) 2023 34 $13,900,000 $3,100,000 $1,000,000 - - $5,081,250 $23,081,250 $13,262,500 $14,900,000($72,350,000) 2024 35 $5,200,000 - - - - $5,081,250 $10,281,250 $5,081,250 $5,200,000($77,550,000)
What jumps out to me is the huge increase in salary and cap hit of $9,356,250 in 2021 to the $22,881,250 in 2022. In a year where we need to sign some much needed talent and depth, this may be a good one to restructure. Cam is and always been one of my favorite Saints players, again this isn't a tear down thread, simply looking at salary versus production. This may be a good place to start to free up money.
What other contracts do some of you guru's see out there that can be restructured and help us going forward?
