Contract details on Vilma, Greer...
 

Vilma’s new deal includes a $1 million signing bonus, but his base salary dropped from $5.4 million to $3.3 million for 2012. The Saints also added a $600,000 roster bonus, which might not come into play, if Vilma is suspended. The deal also kept a $100,000 workout bonus. In short, the cash value of Vilma’s deal for this year, dropped from $5.5 million to $3.3 million. For the Saints, the important thing is that Vilma’s cap figure for this year dropped from $7.6 million to $4.9 million.

The Saints gave Greer a three-year contract extension that helped them lower his cap figure this year. Greer’s new cap figure is $5.4 million. It had been scheduled to be $6.25 million. Greer’s base salary for this season dropped from $5.4 million to $2.4 million, but he collected a $5.3 million signing bonus. Greer also is scheduled to earn a $100,000 workout bonus and can earn an extra $1 million this year in incentives and escalators.

Greer’s extension includes $11.3 million in guaranteed money. The total value of the deal is $21.1 million, but that could rise to just over $22.5 million if he hits on all incentives and escalators.

Contract details on Vilma, Greer - NFC South Blog - ESPN

Nice read, Loomis again making it happen to get the Franchise of the Franchise tag

Huh?

Every little bit helps. Getting another +5 million in cap space is great.
This has to move them closer to signing Drew.
Greer got his next two season's salary reduction in the bonus.
The fact that the team ended up with some cap reduction is icing on the cake.
Loomis seems to be chipping away to uncover the hidden Brees deal.
You go boy!
I wouldn't be surprised if they close this week, and ink that thing.

Good for Greer, he played well.

What did it say? I refuse to read it because Yas-stink-ass wrote it. He's a NFL Media Tool...