Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints

Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

this is a discussion within the Saints Community Forum; In a recent article on NOLA.com, there was a suggestion that other players like quarterback Drew Brees could help out by restructuring his contract. But Brees was quoted as saying “he wasn’t even sure he’d be amenable to a contract ...

Like Tree1Likes
  • 1 Post By Danno

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 01-05-2013, 12:05 AM   #1
10000 POST CLUB
 
Join Date: Nov 2010
Location: Shreveport,Louisiana
Posts: 15,996
Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

In a recent article on NOLA.com, there was a suggestion that other players like quarterback Drew Brees could help out by restructuring his contract. But Brees was quoted as saying “he wasn’t even sure he’d be amenable to a contract restructure.”

If you read between the lines on that, Brees won’t be taking one for the team. He also said that “every team at times loses somebody.“ That’s also telling because it’s basically saying that if someone like Bushrod has to sign with another team than so be it because there won’t be any help from his salary.

Brees said last season that he would do what he could to help retain the core group of guys to continue a march to another championship. Cue the ensuing contract drama that lasted all the way up to training camp and the loss of Nicks and it didn’t happen so smoothly.

Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

"A Veteran is someone who, at one point in his life, wrote a blank check made payable to "The United States of America" for an amount of "up to and including my life."
WhoDat!656 is offline  
Old 01-05-2013, 12:29 AM   #2
Site Donor 2015
 
Join Date: Mar 2012
Location: Watford England
Posts: 8,704
Blog Entries: 1
Poor form that IMO.
Alot of players restructured contracts to make cap for the free agents and Drew's contract.You would expect the highest paid player to do his share of it aswell.

With restructuring contracts we are just pushing cap issues a little further into the future aren't we?
lee909 is offline  
Old 01-05-2013, 12:42 AM   #3
1000 Posts +
 
Join Date: Sep 2012
Location: WHO DAT NATION
Posts: 2,261
Re: Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

Or waiting for big name players' contracts to expire so we can let them go with out penalty?
saintsfan403 is offline  
Old 01-05-2013, 09:47 AM   #4
Site Donor 2014
Truth Addict
 
Join Date: Dec 2003
Location: Spanish Fort, AL (via NO and B/R)
Posts: 24,634
Re: Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

Restructuring benefits the player the most. His yearly salary is converted to bonus money, which he gets immediately in the form of a check signed by Mr. Benson. The team can then spread that out over the life of the contract, therby reducing the cap.
Rugby Saint II likes this.
Danno is offline  
Old 01-05-2013, 10:14 AM   #5
500th Post
 
Join Date: Feb 2010
Location: Denton, Tx.
Posts: 676
Re: Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

I'm always skeptical when snipits of what a player said are quoted. I like to read the entire conversation to get a true perspective on what the guy meant. I can say that Jimbo said Bubba is a complete idiot. The paper will then say that I said, "Bubba...is a complete idiot." It happens all the time. I trust Loomis will work his magic. I'm not worried.
jlouhill is offline  
Old 01-05-2013, 12:36 PM   #6
1000 Posts +
 
Join Date: Aug 2003
Location: Wherever I lay my hat
Posts: 3,824
Re: Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

Originally Posted by Danno View Post
Restructuring benefits the player the most. His yearly salary is converted to bonus money, which he gets immediately in the form of a check signed by Mr. Benson. The team can then spread that out over the life of the contract, therby reducing the cap.
What are the tax implications?
UK_WhoDat is offline  
Old 01-05-2013, 12:46 PM   #7
Bounty Money $$$
 
Join Date: Oct 2008
Location: 5800 Airline Dr. Metairie, LA.
Posts: 23,689
Re: Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

Drew has proved before that his contract comes before the team.
Rugby Saint II is offline  
Old 01-05-2013, 08:35 PM   #8
1000 Posts +
 
Join Date: Jan 2007
Location: Katy, Tx a suburb of Houston
Posts: 2,089
Re: Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out

I don't understand what the big deal is, did you touch his contract when he made 60 mil...... I don't know for sure, but I really don't think so. If you cut, and or restructure the right guys you should be fine.
alleycat_126 is offline  
Closed Thread

Thread Tools
Display Modes

Posting Rules

LinkBacks (?)
LinkBack to this Thread: https://blackandgold.com/saints/54340-tip-salary-cap-new-orleans-saints-gm-mickey-loomis-drew-brees-unlikely.html
Posted By For Type Date Hits
The Latest New Orleans Saints News | SportSpyder This thread Refback 01-05-2013 06:37 AM 2
Tip of the salary cap to New Orleans Saints GM Mickey Loomis; Drew Brees unlikely to help out This thread Refback 01-05-2013 12:21 AM 7


All times are GMT -5. The time now is 06:08 AM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts