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WhoDat!656 03-25-2012 09:16 PM

Saints re-structure Lance Moore & Patrick Robinson's contracts
 
PALM BEACH, Fla. Ė Very quietly, the New Orleans Saints have restructured a pair of contracts to free up about $2.3 million in salary-cap room.

According to contract details obtained by ESPN.com, the Saints restructured the contracts of wide receiver Lance Moore and cornerback Patrick Robinson in recent days. The moves put the Saints at $3.285 million under the salary cap, but thatís not counting the new contracts signed by linebacker Curtis Lofton on Saturday night and linebacker Chris Chamberlain on Friday night. Those deals are expected to be turned in to the league Monday.

Itís possible that Loftonís deal is structured in such a way that the Saints might not have to make any other moves before turning in his contract. The Saints recently signed defensive tackle Brodrick Bunkley to a very cap-friendly deal by giving him a low base salary this season, but including a large signing bonus thatís prorated over the life of his contract. Bunkleyís cap figure for this year is $1.6 million. Chamberlainís total contract and cap figure for this year arenít likely to be too large because heís been a backup most of his career.

The Saints dropped Mooreís cap figure for this year from $4.3 million to $2.9 million. Moore didnít lose any money. His base salary was dropped from $2 million to $825,000, but he made that up by receiving a $1.175 million signing bonus that will be prorated over the life of the contract.

Robinsonís cap figured dropped from $2.9 million to $2.06 million. That was accomplished by turning a $1.267 million roster bonus into a signing bonus that Robinson received up front. Instead of counting the full $1.267 million against this yearís cap, that number now is spread over the three remaining seasons on his contract.

Saints re-do contracts for cap room - NFC South Blog - ESPN

|Mitch| 03-25-2012 09:17 PM

nice!

WhoDat!656 03-25-2012 09:24 PM

Prelude to getting Brees to sign a contract that will make him happy?

|Mitch| 03-25-2012 09:26 PM

or like the article said; moves necessary before the Lofton contract is turned in and final

Danno 03-25-2012 09:42 PM

The only real risk converting salary to bonus money is severe injury and we have dead money for a couple of years, or the player tanks and we're forced to cut him and take a cap hit.

I like it that we're restructuring guys that I'd consider low risk of going all Johnathan Sullivan on us.

The Dude 03-25-2012 09:55 PM

we wouldn't have been able to sign Lofton if they didn't restructure. I don't think Brees gets a contract.

TheKillerBs 03-25-2012 09:57 PM

Quote:

Originally Posted by The Dude (Post 392458)
we wouldn't have been able to sign Lofton if they didn't restructure. I don't think Brees gets a contract.

http://alltheragefaces.com/img/faces...troll-face.jpg

Danno 03-25-2012 09:58 PM

Quote:

Originally Posted by The Dude (Post 392458)
we wouldn't have been able to sign Lofton if they didn't restructure. I don't think Brees gets a contract.

Why not? I'm no expert but I think a long term deal can actually be structured so that his cap number is less than what it is as a franchised player.

I could be dead wrong on that but I remember someone discussing that earlier.

voodooido 03-25-2012 10:45 PM

Quote:

Originally Posted by Danno (Post 392461)
Why not? I'm no expert but I think a long term deal can actually be structured so that his cap number is less than what it is as a franchised player.

I could be dead wrong on that but I remember someone discussing that earlier.

I agree. A signing bonus could lower it to under 15 im sure.

LBCutta 03-26-2012 12:40 AM

I'm not a cap genius but if I were all these guys restructuring contracts, I would be thinking that its almost like Brees is taking money out of they're pockets!


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