Saints set to carry a huge cap charge for Drew Brees next year

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The Steelers are carrying what is believed to be the biggest dead cap number ever this year, with the Antonio Brown trade triggering a $21.12 million hit for 2019. Come 2020, the Saints may top that.

The restructuring of quarterback Drew Brees‘ contract, which reduces his 2019 cap number from $33.5 million to $22.7 million, pushes $10.8 million in cap dollars to 2020.

That’s how these so-called simple restructurings work. Cap dollars get pushed from the current year into future years, with the player’s compensation remaining unchanged. Because there is only one year left under Brees’ contract, the $10.8 million created this year can go to only one spot: 2020.

Coupled with the cap dollars that already were on the books for 2020 ($10.5 million), Brees’ cap number will be $21.3 million, whether he’s on the team or not.

Thus, if he retires or signs elsewhere, Brees will count for $21.3 million. If he stays, anything he makes as of next year will be added to the $21.3 million cap charge.

So if he re-signs for, say, one year and $20 million, his cap number for 2020 would be $41.3 million.

The more likely outcome, if Brees returns for another year, would be a multi-year deal that drives dollars into future years. Still, the Saints at some point will have to rip off the Band-Aid regarding the dead money that continues to apply under Brees’ name. If the Band-Aid comes off next year, the Saints will have $21.3 million less to sign other players due to a player who is no longer in New Orleans.

19 responses to “Saints set to carry a huge cap charge for Drew Brees next year

  1. The cap itself seems to jump $10-20 million a year (and it has increased 40% since just 2014 alone) so you basically get a discount pushing the charges back provided the player is worth it. And Brees will be for a while yet.

  2. So you draft a rookie QB, pay him rookie money and the cap is basically the same for a year. Ok.

  3. It’s the cost of doing business with a franchise QB. In this day and age of the NFL, with the team’s spending limit nearing $200M, Brees has proven he is worth it.

  4. Window slammed shut. Loomis should have been canned years ago. They’ve been living off that 2009 title for a decade.

    What a bubble they live in down there.

  5. Kirk Cousins 2019 Cap Number-29 million

    Tom Brady 2019 Cap Number-27 mill

    Aaron Rodgers 2019 Cap Number-26.5 mill

    Russell Wilson 2019 Cap Number-25.3 mill

    Drew Brees 2019 Cap Number-22.7 mill

    Funny that the only total garbage QB of the bunch is eating up the most cap space for his team. Just one more reason of many why the whole league laughs at the Vikings.

  6. freefromwhatyouare says:
    March 14, 2019 at 10:40 am
    Kirk Cousins 2019 Cap Number-29 million

    Tom Brady 2019 Cap Number-27 mill

    Aaron Rodgers 2019 Cap Number-26.5 mill

    Russell Wilson 2019 Cap Number-25.3 mill

    Drew Brees 2019 Cap Number-22.7 mill

    Funny that the only total garbage QB of the bunch is eating up the most cap space for his team. Just one more reason of many why the whole league laughs at the Vikings.
    *******************
    Did you know that there isn’t a single measurable metric that would indicate Cousins was the worst QB on this list in 2018? Not QBR. NOT QB Rating. Not statistics. Not wins.

  7. freefromwhatyouare says:
    March 14, 2019 at 10:40 am
    Kirk Cousins 2019 Cap Number-29 million

    Tom Brady 2019 Cap Number-27 mill

    Aaron Rodgers 2019 Cap Number-26.5 mill

    Russell Wilson 2019 Cap Number-25.3 mill

    Drew Brees 2019 Cap Number-22.7 mill

    Funny that the only total garbage QB of the bunch is eating up the most cap space for his team. Just one more reason of many why the whole league laughs at the Vikings.
    ___________________________

    Did you miss this part?

    “Thus, if he retires or signs elsewhere, Brees will count for $21.3 million. If he stays, anything he makes as of next year will be added to the $21.3 million cap charge.”

    Thus, whatever salary he makes – let’s say $28M will be added to the $21.3M cap number to make an overall cap number of $49.3M.

  8. “Window slammed shut. Loomis should have been canned years ago. They’ve been living off that 2009 title for a decade.

    What a bubble they live in down there.”

    Just be happy the NFCCG was rigged, because the Saints woulda put up more than 13 in the Super Bowl…

  9. So the Saints absorb the cap hit for Brees, bring in some free agents to augment their already potent roster, make it through the regular season and into the NFC Championship game…and Goodell gaffs them with yet another BS call to keep them out of the Super Bowl ( Bountygate, 2018 LA Ref No Call, etc ). Its all for nothing as long as Roger the Dodger is NFL Commissioner.

  10. Cap has gone up approximately $ 10 million a year past few years but that’s not guaranteed. Still, kicking the can down the road will eventually get ya. Don’t blame them to much as they’ve been so close but their SB window is really closing fast. NOBODY can survive a QB cap number close to $30 million let along almost $50 million. Good luck.

  11. Similar to people I know that take cash advances on a credit card to pay the minimum payment on another credit card. It never ends well.

  12. sounds like just another day for the giants front office. and lol@all the fools that said his contract wasn’t crippling the saints.

  13. They’ve been doing this for years. Eventually they’re going to have to suffer for a year or two with a reduced cap.

  14. Drew Brees is as great a person and role model as he is a football player. All the people who criticize him are really just showing their ignorance, jealousy, and hypocricy. If their team somehow managed to get Brees, they’d be dancing in the streets, calling him a god, and talking Superbowl. But I’m glad I’ll never be proven right. You brees-hating losers will NEVER see Brees in your team’s jersey, and you’ll have to live your football lives in misery knowing you’ll never have a man/QB/role-model like him to cheer for and appreciate. But keep hating on him because it’s the easiest way to tell who the idiots are. All Saints fans laugh at you.

  15. I’m late to the party, but couldn’t they theoretically sign him to a 10 year, $15M extension contract with 0% guaranteed right before he retired? That would spread his cap hit over a decade resulting in a few million off the cap each year. If he formally retired would the cap hit come up instantly?

    You’d just need to add language stating that the team wouldn’t come after any of his guaranteed earnings in the event he retired… seems pretty easy to me.

  16. This is the last year for Drew Brees with the Saints. They see the decline too.The Saints will make one more run with Drew and then move on.

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