Ok where there's nothign to continue to discuss. Just having a cordial conversation that counters some of the thoughts that Loomis is incapable of not dishing out bad contracts and I'm stating that he reversed course last year.
Another way of looking at it is how much restructure capacity (plus rollover cap) Loomis left unused to show how we weren’t as aggressive this year. To figure the restructure capacity, I’m only looking at salaries that are $2m+ plus any roster bonuses that are $1m+, and I’m assuming a $1m minimum salary to be close enough to the real number (for any salary restructures).
2021: $1.0m
2022: $2.4m
2023: $5.0m
2024: $15.2m
Even though only about $3m of the 2024 number is rollover cap, we will have about $12m less in dead cap in future years due to leaving some restructuring capacity untouched.