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Keenan Lewis Contract details & Saints CAP update

Saints Salary CAP Updates will be posted at the end of each week.

Saints Salary CAP Updates will be posted at the end of each week.

So the contract details of Keenan Lewis, the Saints newest player, are starting to trickle in.  According to a Pitsburg Steelers web site, his contract is 5 yrs / $26m  which includes a $6m signing bonus.  The Saints also guaranteed his 2013 salary ($1m) & his 2014 salary (reported to be $3.5m).  So the total guarantees come out to $10.5m.  Not too bad of a deal at all, for both parties.  HIs 2013 CAP hit will be a very pallatable $2.2m & 2014 is not much worse at $4.7m.  The cost should escalate to the $6.3m/yr range (with only $1.2m per yr guaranteed) for 2015, 16 & 17.  Loomis does his magic once again.

As of today, the Saints should have just over $7.5m in CAP space at their disposal.  In other words, more than enough to sign another key FA as well as a quality back up QB.

More updates to come as we get them…..but a great  Free Agency Day 3 for the Who Dat Nation!

Cheers!

Follow up – The details of Drescher’s new 4 yr deal have not been released yet, but I would expect it to be in the $500-550k /yr range.  Thus, his new deal would only increase the Saints CAP by around $100-150k.

About UKWhoDat

I'm an admitted "STAT-Junkie" who not only enjoys all things Saints related, but is the only one on this site who made it past Article 7 of the new CBA without passing out (I made it to Article 8, but had to quit.....ran out of Rum.....you can get through almost ANYTHING with good Rum!).......

Discussion

3 Responses to “Keenan Lewis Contract details & Saints CAP update”

  1. I like this hire. Whether Patrick Robinson is terminally flawed or simply needs regression therapy, the lost boys of the secondary could use some help, what with Jabari Greer growing longer in the tooth and nursing nagging injuries, with Corey White flipping the nickel in the most terrifying ways, with Malcom Jenkins never within 20 yards of the football, with Roman Harper getting his toast buttered…I’m glad they signed this homegrown talent on the rise, the product of good solid coaching, and a good get if you listen to the Steelers fans bemoaning his loss. And when you read his text, you can tell he knows what it is to be a Saint. Cheers and a beer, UK, been enjoying your offseason opining.

    Posted by nolagirl | March 15, 2013, 9:48 pm
  2. So if we get Nnamdi, how much you figure would be left for a backup QB? I’ll figure his deal will be about the same as Keenan’s..And what QB would we move for with say 3-4 mil to spare? Does the cap also include draft pick signings? Or is that from a separate fund?

    Posted by manningwho | March 15, 2013, 1:50 am
    • Not sure how much interest the Saints have in Nnamdi now that they have Lewis. Figure Greer, Lewis, Robinson are the starters with Davis & Steed as the only backups. Hixon is a RFA & his salary figures to be under the CAP costs ($400k). Mack is a UFA who we paid $700k last yr – not sure if he’ll be back. Do you spend another $2-3m on a vet FA DB (like Nnamdi) or do you use what you have for a vet OT & a vet OLB, then get your DB in the draft for depth?

      As far as a BU QB, don’t think the Saints are going to pay more than $1-1.5m for one, otherwise they’ll roll with Canfield until they pick up another project for SP in the back half of the draft.

      As far as the draft goes, yes, their is a rookie Salary Pool teams are supposed to set aside, but it doesn’t really hit the CAP per say, besides, only our #1 & possible our 3rd rnd’r will impact our CAP number….so no big deal.

      Cheers!

      Posted by UKWhoDat | March 15, 2013, 3:16 am

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