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Saints have about 10mm in cap space next year
They can save:
- 8mm by cutting Kiko Alonso
- 7mm by cutting Rankins
- 4mm for Patrick Robinson
- ~5mm for random role players (Edwards, Robertson)
I imagine all those guys are gone. That's 24 million. So we have 34mm in cap space.
If they re-sign Brees it kicks the can down the road on his dead money. So basically re-signing Brees is a break even. We can actually re-sign a few guys to longer-term deals and _lower_ their cap number next year. Warford, Janoris Jenkins, Demario Davis, Cook, Malcolm Brown are good candidates for that. They can probably find another $15-20mm here. Jenkins can also be cut and save even more, if they want to go that route.
All of those moves leave the Saints with around $60mm of cap space prior to free agency and the draft. None of our 2020 free agents save Vonn Bell are critical. Bell will eat maybe $10mm of that (assuming we sign him).
Take another $20mm to sign rookies and play a little bit in free agency. That leaves us with about $30 million. That's enough to restructure and extend Lattimore and Ram to long term deals at about $17-18mm each (because we still have one cheap year left on both of their contracts), which would make them the top paid CB and OT in football (that's what it's going to take).
Push Kamara's deal off until next year and see what shakes out.
And this is all before Loomis does cap magic that's well beyond my understanding. I'm sure there's another 10 million for the taking using accounting magic. He finds it every year.
They'll make it work. We're not going to land any splash free agents. It'll probably look a lot like the 2018 offseason where we brought in Okafor, P-Rob, Kurt Coleman, and the star of the class Demario Davis.
There will be a reckoning, you can't push the dead money off forever. But it doesn't have to be this offseason if Loomis doesn't want it to be.
They can save:
- 8mm by cutting Kiko Alonso
- 7mm by cutting Rankins
- 4mm for Patrick Robinson
- ~5mm for random role players (Edwards, Robertson)
I imagine all those guys are gone. That's 24 million. So we have 34mm in cap space.
If they re-sign Brees it kicks the can down the road on his dead money. So basically re-signing Brees is a break even. We can actually re-sign a few guys to longer-term deals and _lower_ their cap number next year. Warford, Janoris Jenkins, Demario Davis, Cook, Malcolm Brown are good candidates for that. They can probably find another $15-20mm here. Jenkins can also be cut and save even more, if they want to go that route.
All of those moves leave the Saints with around $60mm of cap space prior to free agency and the draft. None of our 2020 free agents save Vonn Bell are critical. Bell will eat maybe $10mm of that (assuming we sign him).
Take another $20mm to sign rookies and play a little bit in free agency. That leaves us with about $30 million. That's enough to restructure and extend Lattimore and Ram to long term deals at about $17-18mm each (because we still have one cheap year left on both of their contracts), which would make them the top paid CB and OT in football (that's what it's going to take).
Push Kamara's deal off until next year and see what shakes out.
And this is all before Loomis does cap magic that's well beyond my understanding. I'm sure there's another 10 million for the taking using accounting magic. He finds it every year.
They'll make it work. We're not going to land any splash free agents. It'll probably look a lot like the 2018 offseason where we brought in Okafor, P-Rob, Kurt Coleman, and the star of the class Demario Davis.
There will be a reckoning, you can't push the dead money off forever. But it doesn't have to be this offseason if Loomis doesn't want it to be.