Any updated estimates where we are cap wise? (1 Viewer)

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SAINTSFAN said:
What many, including Triplett in T-P this morning, keep over looking is the guaranteed portion of Harper's contract. Reportedly, he received $16 million guaranteed on his contract. He got $7 million upon signing, $1.9 million salary in 2012 and $4.5 million in 2013. That means that he still has $2.6 million of his $5.25 million salary guaranteed this year (about half). So, if he were cut, he would get the $2.6 million and we would still have the prorata share of his signing bonus ($1.75 million this year and next) so he would could about $4.35 million to the cap if released (rather than $7.1 million). While it would be a savings, not nearly as big as many expect. I can see the Saints at least turning the remaining $2.6 million of guaranteed money into a signing bonus if needed to spread it over 2 years (since we have to pay it anyway) which would save $1.3 million in cap room this year (pushing it to next year).
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To me this move was one of Loomis' worst as our GM. I remember when Harper got this big payday and my friends and I were just scratching our heads as to why in the world we would sign him to top 5 safety money. I'm a huge Loomis fan but this move has always been puzzling to me. I guess when you consider the worst moves by previous Saints GMs, this is baby $%&*.
 
Mackenzie said:
To me this move was one of Loomis' worst as our GM. I remember when Harper got this big payday and my friends and I were just scratching our heads as to why in the world we would sign him to top 5 safety money. I'm a huge Loomis fan but this move has always been puzzling to me. I guess when you consider the worst moves by previous Saints GMs, this is baby $%&*.
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There were not many options for the type of SS that we needed at the time that Harper's deal was signed. Also, at the time, he was coming off of a Pro-Bowl years IIRC. He signed for what was market rate for a good starting SS at the time. Plus, it was Payton and I guess to some extent Gregg Williams' decision to sign Harper to the contract. Loomis just gets the best deal he can. He does not decide who gets a deal without lots of, if not all input, from Payton.

And, while he is probably a bit overpaid at this point. Harper is not a bad SS. Especially not in a system that uses him close to the line of scrimmage. He was playing way out of position and comfort zone in Spanuolo's defense.
 
insidejob said:
Yeah, I saw that too. Seems like ESPN keeps forgetting to subtract our rollover money left over from last years cap.

All I know is we'll be under by the start of free agency.
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Yeah, one way or the other we will save a lot of money by lowering the salaries of or cutting Smith and Vilma. Plus, they could do something with Harper's contract. As a last resort, they could do something with Brees, but I think they would rather wait a year or two before doing that and bite the bullet on his salary as long as possible without having to gut the team.
 
St. Widge said:
Yeah, one way or the other we will save a lot of money by lowering the salaries of or cutting Smith and Vilma. Plus, they could do something with Harper's contract. As a last resort, they could do something with Brees, but I think they would rather wait a year or two before doing that and bite the bullet on his salary as long as possible without having to gut the team.
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Exactly, if anything, after FA signings of course, we would want to structure his contract to try and eat as much of it this year as possible.
 

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