B/R makes the case for (and against) Saints trading for Chargers RB Austin Ekeler

Bleacher Report made the case for (and against) the New Orleans Saints trading for embattled Los Angeles Chargers running back Austin Ekeler. So what’s the verdict?

Hey, here’s an interesting proposal: what if the New Orleans Saints traded for Los Angeles Chargers running back Austin Ekeler? Bleacher Report’s Maurice Moton made the case for such a move as well as the argument against it in light of Ekeler’s trade request, with the Chargers reportedly granting him permission to talk shop with other teams. So what’s the verdict? Is he someone the Saints should check in on?

“Kamara and Ekeler have nearly identical skill sets,” Moton wrote, arguing in favor of a teamup. “With Jamaal Williams in the fold on early-down and goal-line touches and Ekeler featured on passing downs, the Saints offense wouldn’t skip a beat if Kamara has to miss significant time.”

Kamara will go on trial in front of a Las Vegas jury on July 31 following last year’s brawl near a nightclub, in which he has been charged with conspiracy to commit battery and battery resulting in substantial bodily harm. Kamara submitted a non-guilty plea on those charges but the NFL could suspend him for six weeks or longer once the legal process has concluded, regardless of the case’s result.

Ekeler, who turns 28 in May, is coming off of back-to-back career years with the Chargers. He’s ran for 911 and 915 yards (with 12 and 13 touchdown runs) the last two seasons, also catching 70 and 107 passes for 647 and 722 receiving yards (with 8 and 5 touchdown receptions), respectively. He’s led the league in touchdowns scored from scrimmage (20 and 18) in each of the last two years. He’s a very unique athlete at a listed 5-foot-10 and 200 pounds, though he weighed in at 5-foot-8.5 and 199 pounds coming out of Western Colorado back in 2017.

However, Moton’s argument against the Saints making a bold move to trade for Ekeler lays out why it’s unlikely to happen. After signing Williams to a $12 million extension and with Kamara playing on his own big-money deal, it might not make sense to roster so many expensive veterans in an offense building around a new signal-caller: “Unless the Saints plan to take the ball out of quarterback Derek Carr’s hands for most of the games, they wouldn’t have enough touches available to support three costly running backs with Kamara active.”

But hey, it would be fun. Ekeler is one of the most exciting running backs in the NFL and he’s outplayed the four-year, $24.5 million deal he signed in 2020. He’s rightfully seeking for a pay raise while scheduled to play on a $6.25 million base salary in the last year of that contract, and if the Chargers were smarter they’d hurry to extend him before moving on Justin Herbert’s landmark extension in the next year or two. That organization is kind of a mess, though, and this is an opportunity for the Saints to take advantage of one of the NFL’s more-notorious clownshows.

So, yeah — the Saints should test the waters and see about trading for Ekeler. In the right circumstances, though. Having him and Williams signed long-term would give them an easier out from Kamara’s contract when his salary cap hit balloons to $18.8 million in 2024 (with a higher raise to $29 million in 2025). Both players are versatile and bring ample pro experience in the prime of their careers. If the Saints can’t find a more-affordable option in the upcoming 2023 NFL draft, Ekeler would make a lot of sense. The Saints are under the cap by a comfortable $14.6 million, not accounting for their modest $3.2 million rookie pool, and they could easily fit Ekeler on the books before hammering out a new deal.

Here’s the “but.” But as Saints salary cap specialist Khai Harley has often reminded us, just because the team can do something doesn’t mean they necessarily should. Trading a draft pick or two for Ekeler and then inking him to a pricey extension when they could select a young player on a cheap four-year deal wouldn’t be the most efficient use of resources, and if we’re guessing, this is a situation the Saints will stay away from because of the costs involved. But man, it sure would be fun, wouldn’t it?

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Andrus Peat’s contract is the last in-house hurdle for the Saints salary cap

Andrus Peat’s contract is the last in-house hurdle for the Saints salary cap. New Orleans is already under the cap, but a move here helps them a lot:

It was always going to come to this. Andrus Peat’s contract with the New Orleans Saints is their last in-house salary cap hurdle, which is kind of poetic given how frustrating that deal has been over the years. Few Saints starters have missed as many games with injuries as Peat while turning in up-and-down game tape and ranking among the team’s top earners. Of course this is their final challenge to deal with.

Right now, Peat has the highest salary cap hit on the team for the 2023 season at $18,371,000. The Saints have two options in front of them: restructuring Peat’s hefty $11.8 million base salary into a new signing bonus and committing to him for another year or two, or releasing him (a trade is possible, but unlikely, given his injury history and the contract value). A restructure would save more than $7.9 million for 2023, so that’s the likeliest outcome.

If the Saints release Peat outright, they’ll save just $1.3 million against the 2023 salary cap while being on the hook for a staggering $16.9 million in dead money. So that isn’t a realistic option.

If they were to release him with a post-June 1 designation, Peat would become a free agent and have the ability to sign with a new team right away, but the Saints would still keep him on the books at that $18.3 million figure until June. They would have to wait until free agency is over and the draft is behind them to get any savings, but they would eventually get $11.8 million back.

The Saints are already under the salary cap; we’re still waiting to see new cap hits for Jameis Winston and Michael Thomas to know by how much, but New Orleans should be in the clear by several million dollars. Something has to give with Peat’s contract before they can shift focus to the free agent market. If the team plays its cards right, they can quickly become big spenders.

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Marshon Lattimore agrees to restructured contract, Saints reach salary cap compliance

NOF’s Nick Underhill reports that Marshon Lattimore agreed to a restructured contract. The Saints should now finally be beneath the salary cap:

Ring the bell: the New Orleans Saints should now be compliant with the 2023 salary cap. NewOrleans.Football’s Nick Underhill reports that cornerback Marshon Lattimore agreed on a contract restructure which should free up as much as $10,065,000 by converting most of his $14.5 million base salary into a new signing bonus and spreading it out over future years.

Take that with the other two restructures the team completed on Monday — with defensive end Cameron Jordan and running back Alvin Kamara — and the Saints should be in the clear. Now they don’t have to worry about just being cap-compliant. The work instead is focused on opening up resources to add new players. But the most difficult challenges are still ahead.

What to do with quarterback Jameis Winston? Will he accept a pay cut or be released? What about oft-injured left guard Andrus Peat, who could be let go or agree to another restructure? Wide receiver Michael Thomas is actively negotiating a new deal with the team, but the clock is ticking on him. Left tackle James Hurst could also restructure and free up a modest $3.2 million. The Saints might be under the salary cap now, but their work is far from over.

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Look: Derek Carr puts pen to paper on his new Saints contract

Look: Derek Carr puts pen to paper on his new Saints contract ahead of introductory press conference, via @DillySanders:

Former Las Vegas Raiders quarterback Derek Carr made it official with his new team, the New Orleans Saints, as he signed his contract before holding his introductory press conference with local media on Saturday with his wife and children in attendance, as well as Saints brass like head coach Dennis Allen, general manager Mickey Loomis, and team owner Gayle Benson.

As a bonus, we got a rare glimpse of the man behind the Saints’ salary cap magic. Football administration vice president Khai Harley is the league’s best-kept-secret, and he worked his magic yet again with Carr’s contract, getting his initial cap hit down just $7.2 million in the first season. It’ll go up to $35.7 million next season, but this allows the Saints to make more moves with the immediate future in mind.

Carr’s contract, worth a maximum of $150 million over four years, has him ranked as the 10th-highest-paid player in the league. Everyone else above him is also a quarterback, which includes Daniel Jones who just signed a new deal with the New York Giants. The Saints have a potential out in the contract after the second year, but hopefully Carr plays well enough to where that isn’t a consideration.

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Post-Brady, the Bucs are doing what everyone’s asked the Saints to do

Post-Tom Brady, the Buccaneers are doing what everyone has said the Saints should have done post-Drew Brees. We’ll see how torching and tanking works out for them:

The Tampa Bay Buccaneers are in a situation similar to the New Orleans Saints’, but they’re going about things with an entirely different strategy. Instead of creatively moving money around to remain competitive and try to win football games, the Buccaneers are slashing and burning their way through their roster. The post-Tom Brady landscape is going to look much more barren in Tampa Bay than the post-Drew Brees picture has been in New Orleans.

It’s what everyone from talking heads on ESPN to analytically minded nerds on podcasts have said the Saints should have done once Brees hung it up. Tampa Bay has cut longtime starting left tackle Donovan Smith as well as veteran tight end Cameron Brate and fan-favorite running back Leonard Fournette as they look to reach salary cap compliance. More departures are coming.

Most important is how they’ve handled their contract with Brady. When Brees retired with the Saints, he was processed as a post-June 1 cut to spread out the remaining salary cap charges between the 2021 and 2022 fiscal years, costing the Saints a little over $11 million in each season.

That isn’t what the Buccaneers are doing with Brady. He’s still on their books with a $35 million cap hit while the team sits in the red by more than $49 million. And they have shown little inclination for stretching that out into 2024. If the Buccaneers wanted to, they could process Brady’s retirement as a post-June 1 release just like New Orleans did, which would cost them about $10.7 million in dead money for 2023 and put the remaining $24.3 million on the books for 2024. Instead of doing that, though, they’re taking their medicine right away in hopes of a healthier salary cap outlook this time next year.

We’ll see how torching the roster and tanking the season works out for them. Former second-round draft pick Kyle Trask is the only Buccaneers quarterback under contract for 2023, though it wouldn’t be a shock if they sign a mediocre free agent like Drew Lock, Baker Mayfield or Gardner Minshew to compete with him for the starting job. If the end result is Tampa Bay clinching a top-five draft pick in 2024 and giving fans hope for the future with a top quarterback prospect in their sights, team management will be left feeling happy with themselves. It’s a strategy that worked out so well with their former No. 1 pick Jameis Winston, after all.

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Derek Carr’s Saints contract includes $100 million in total guarantees

Derek Carr’s Saints contract includes $100 million in guarantees and averages $37.5 million per year, but creative structure could get his salary cap hit under $7 million in 2023:

We’re waiting on all of the details and salary cap hits, but NFL Network’s Ian Rapoport shared some much-needed specifics on the New Orleans Saints’ contract with free agent quarterback Derek Carr. Carr agreed to sign with the Saints in exchange for a four-year deal valued at $150 million, which averages a payout of $37.5 million per year.

More importantly than that, though, are the contract guarantees and structure. Carr will receive $100 million in total guarantees between guaranteed salary, signing bonus, and future roster bonuses (which can be restructured to open up more salary cap resources). Rapoport adds that $70 million is fully guaranteed once Carr puts pen to paper with another $10 million guaranteed in 2025, the third year of this deal.

Additionally, and this is what fans actually need to concern themselves with: both Rapoport and NewOrleans.Football’s Mike Triplett and Nick Underhill report that the first-year salary cap hit will be substantially lower. We’re guessing here, but Carr will probably get a minimum base salary of $1.165 million for 2023 plus a signing bonus of about $30 million. Spread that out over five years with an automatically-voiding year written in for 2027 (keeping this at a four-year deal) and you’ve got a current-year salary cap hit of just $7.165 million for Carr’s services. But we’re speculating on that, so stay tuned for official word on what he’ll be costing the Saints this season.

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Report: Tanoh Kpassagnon’s 2-year contract extension valued at $6 million

Report: Tanoh Kpassagnon’s two-year contract extension with the New Orleans Saints is valued at $6 million, avoiding a trip in free agency:

There’s those numbers everyone is looking for. KPRC2 Houston’s Aaron Wilson first reported the numbers on Tanoh Kpassagnon’s contract extension with the New Orleans Saints, sharing that the big defensive end inked a two-year deal valued at a maximum of $6 million.

This is a good value for the Saints, though we don’t know the exact salary cap hit for retaining Kpassagnon. He was set to count about $1.5 million against the cap due to a past restructure with automatically-voiding years rewritten into his contract, so at least there isn’t much going to waste here. Some dead money will probably be owed one day once Kpassagnon is no longer on the roster, but for now the Saints get to max out their resources and he gets some security. Good for him.

Kpassagnon has been a regular part of New Orleans’ defensive line rotation the last two years, playing 220 snaps across 8 games in 2021 and 356 snaps in 15 games during the 2022 season. He’s been officially credited with 6 sacks and 14 quarterback hits on those opportunities in addition to 46 tackles (27 solo, 6 tackles for loss) and a forced fumble, plus a couple o fpass deflections. He’s a good player to keep in the mix, and he may be in line for a bigger role if the Saints don’t re-sign Marcus Davenport this offseason.

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Embattled Saints kicker Wil Lutz returns on a pay cut for 2023

Embattled Saints kicker Wil Lutz is returning for 2023 after agreeing to a pay cut, though he can win it back through new contract incentives:

The New Orleans Saints have chosen to bring back their embattled kicker Wil Lutz for 2023, but on an important condition: that he agree to a pay cut. ESPN’s Field Yates first reported that the Saints reworked their deal with Lutz to save $1.5 million in salary cap space, which was confirmed by NewOrleans.Football’s Nick Underhill — who adds that this was not a restructure. Instead of carrying a $3.4 million base salary for the upcoming season, Lutz is seeing just $1.9 million.

But he can earn much of it back through incentives added to his contract, per NOF’s Mike Triplett. If Lutz returns to form and does his job well in the fall, he won’t have lost any money. That’s a big “if,” though. He missed the entire 2021 season recovering from core muscle surgery and he looked rusty in 2022. Lutz did improve on extra point attempts, making all 33 of them, but his shakiness on field goals from varying distances was a problem throughout the season. He missed his first 44-yard field goal try in the Saints’ season-ending loss to the Carolina Panthers and had his second attempt (at a distance of 55 yards) blocked.

Of the 20 kickers to attempt 31 or more field goals last season, Lutz is one of four to have connected on fewer than 80% of their tries:

  • Wil Lutz (Saints): 23 of 31 (74.2%)
  • Cade York (Browns): 24 of 32 (75.0%)
  • Brandon McManus (Broncos): 28 of 36 (77.8%)
  • Greg Joseph (Vikings): 26 of 33 (78.8%)

Now Lutz carries the 12th-highest salary cap hit among NFL kickers at $4.12 million, having previously ranked 5th at $5.62 million. He’s in the final year of his contract and the Saints have already brought in some competition by signing Alex Quevedo to a reserve/future deal (he tried out for them last summer), and the lack of guarantees mean the Saints could save more money by releasing Lutz this summer if another kicker outplays him in training camp. He has a lot on the line in 2023.

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Ryan Ramczyk agrees to Saints contract restructure, saving the team $10.3M

Ryan Ramczyk agrees to New Orleans Saints contract restructure, saving the team more $10.3 million against the 2023 salary cap:

The New Orleans Saints restructured their contract with right tackle Ryan Ramczyk to save more than $10.3 million against the 2023 salary cap, as first reported by NFL Network’s Tom Pelissero.

ESPN’s Field Yates clarified that Ramczyk agreed to convert $12.92 million of his base salary (which had been valued at $14 million) into a singing bonus that will be spread out over the next few years, resulting in current-year savings of $10.336 million. It’s the same tactic the Saints used recently in restructuring their contracts with free safety Marcus Maye and starting center Erik McCoy. Another restructure with Ramczyk was one of several cap-minded roster moves we talked about last week.

This move makes sense — Ramczyk had the third-highest salary cap hit on the team at $21,441,321, so he’ll now be counting against the cap by about $11,105,321. That’s going to help the team reach salary cap compliance, retain talent, and afford new free agents this offseason without having to let go of one of their best players.

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Saints restructure their contract with Erik McCoy, saving $8M against the salary cap

The Saints restructured their contract with starting center Erik McCoy, saving $8 million against the salary cap. It was a move we saw coming:

Here’s the next step in the long process of getting the New Orleans Saints under the 2023 salary cap. ESPN’s Field Yates first reported that the Saints restructured their contract with starting center Erik McCoy, saving $8 million against this year’s spending limit. And it was a move we saw coming after his contract extension last summer.

Our own Ross Jackson explained the salary cap mechanism here: the Saints included a guaranteed $10 million roster bonus that was due March 19, which they planned all along to convert into a signing bonus so the payout would be spread across multiple years for accounting purposes. They also included a void year in 2028 to maximize current-year savings. The end result: instead of counting against the cap for $12.68 million, McCoy’s new cap hit is just $4.68 million.

Additionally, including that void year in the future allows the Saints to more easily restructure McCoy again next year, when he’s set to count against the 2024 cap by $13.7 million. Most of that is tied up in his $9.6 million base salary, which can also be reduced and converted to a signing bonus. So McCoy still gets his money on time, and the Saints maintain salary cap flexibility. So long as he’s healthy and productive, both sides walk away from this deal feeling satisfied.

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