The Future
Now, Loomis, Payton, and the rest of the front office have to look 2015 in the eye and wonder how they want to build their roster. When the roster bonuses for Byrd and Galette become signing bonuses, it’ll create about $15 million in cap space for the Saints in 2015. They can also make the same move with Graham, converting his $5 million roster bonus into a signing bonus that will be spread over the three remaining seasons of his contract, saving the team $3.3 million. A similar move for Curtis Lofton would combine with the other three to create about $22 million in cap space, which will bring the Saints back in line with the projected salary cap. The crisis will be temporarily averted.
The problem is, they still won’t have any real space to upgrade their roster. They’ve already been aggressive with restructuring player contracts to try to create more cap space in the present while throwing the future to the wind, and it’s beginning to catch up.
Take Marques Colston, who is 31 and on pace to set full-season career-lows in just about every offensive category. His cap figure in 2015 is already at $9.7 million, an unpalatable number for an aging receiver. Because they’ve already restructured his deal, though, if the Saints want to cut him next year, they’ll owe $5.4 million in dead money and only save $4.3 million on their cap. They can choose to designate him as a post–June 1 cut, which would send some of the dead money into their 2016 cap, but that would be yet another example of sacrificing tomorrow for a marginal today.
Instead, the Saints will have to target some of the other players on their roster with more traditional deals. Their expensive tandem of guards come to mind, notably Jahri Evans, whom the Saints could release while clearing out $6 million in cap space. They’ll also have to replace Evans, though, and that’s going to be an issue. Evans has slipped this season, but he still made five consecutive Pro Bowls before this year, and he’s extremely likely to be better than whomever the Saints bring in to replace him. It’s the same sort of logic that ended up with the Cowboys unable to afford DeMarcus Ware this offseason.
Let’s say the Saints cut Evans and Colston. That’s $10.3 million more in savings. Throw in Pierre Thomas and Rafael Bush. Now the Saints are up to $14 million in freed cap space. Great. They still have major holes up and down the roster. They can’t afford to really upgrade at cornerback, where there’s been a massive void across from Keenan Lewis. They’ll still need to give Cameron Jordan a contract extension, one that will likely emulate the second-year bonus structure afforded Galette. They’ll probably want to re-sign Ingram.
They’ll still lack front-seven pieces, have one of the worst wide receiver groups in football, and will be missing two starting interior linemen with Evans and Goodwin both gone. The 2015 Saints will be a team whose replacement-level parts have already been exploited in 2014, just with more replacement-level parts.