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This is a year with a large, completely unexpected drop in the cap, and teams are still able to do all sorts of restructures to keep their players.
How do you not see that such is true precisely because the cap is crap? I mean, you have to force yourself to be completely blind in order not to see it.
That you still haven't figured that out after all these years is amazing.
Can we be more specific about what "the cap is crap" means? If we're saying that it's not as hard as it may appear to create cap space, that's true. If we're saying that it is always possible, or even trivial, to create any arbitrary amount of cap space under any arbitrary constraints, it is absolutely not true.
It seems that either case would downplay the diminishing returns of restructuring contract and pushing money into the future. It works for a while, but there are always consequences. 2019 Patriots, 2020 (and most years tbh) Saints. Everything the Saints are doing to dig themselves out of the 2020 hole just puts them deeper in future holes. The fact that these things even need to be considered sure sounds to me like it means the cap matters a whole lot.