Saints Cap Moves: Derek Carr restructured, Erik McCoy restructured; J. Williams released; cap space is at -$8,543,537 (85 Viewers)

[TruSaint]

So if we aren’t pushing any of his money forward then he’s off the books after next year right?

 

[soggymoss84]

Still cap savings when cut next season, even more if designated June 1

 

[BoNcHiE]

If they aren't adding any void years, then it's better than the alternative.

 

[GQ Gemini]

Will he be off the books next year?

 

[nolastyle]

Still cap savings when cut next season, even more if designated June 1

Will definitely be designated post 6/1. So half of that will hit the cap in 2026, half in 2027.

This was always the most likely scenario.

 

[soggymoss84]

If they aren't adding any void years, then it's better than the alternative.

No void years added, they would have had to do a new contract. Sounds like they just went ahead and did the simple restructure that they bake into every contract

 

[los226]

How do we save $30million without pushing it out to the future?

 

[BoNcHiE]

How do we save $30million without pushing it out to the future?

It's just him being confusing. He's using "push money forward" to mean void years. The money is all still within the framework of the original deal.

Next year, he can be cut with some savings and we are done. No lingering effects.

 

[Rouxble]

No void years added, they would have had to do a new contract. Sounds like they just went ahead and did the simple restructure that they bake into every contract

Carr could have agreed to add void years without new dollars, it would be a poor look for him to not do that for the team.

Edit: he already has enough void years in his deal to maximize cap savings.

 

[St. Geezy]

Will definitely be designated post 6/1. So half of that will hit the cap in 2026, half in 2027.

This was always the most likely scenario.

How about we first let the season play out?

 

[No2DC]

Where’s everyone that was giving me bc I said he wasn’t taking a pay cut lol

Denial, that's all. Most of us knew this was coming. Thanks Mick.

 

[SAINTSFAN]

Loomis continuing to hamstring the future of this team.

 

[St. Geezy]

Denial, that's all. Most of us knew this was coming. Thanks Mick.

Loomis continuing to hamstring the future of this team.

 

[RaisingTheBar]

Denial, that's all. Most of us knew this was coming. Thanks Mick.

When someone tells you who they are……believe them.

 

[Rouxble]

It's just him being confusing. He's using "push money forward" to mean void years. The money is all still within the framework of the original deal.

Next year, he can be cut with some savings and we are done. No lingering effects.

Carr’s contract has void years through 2029, so we should get the max savings in 2025 from the restructure. I don’t think the team can choose to spread the hit out over fewer than five years if he has five total years (real + void) remaining on his deal.