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Saints restructure Lofton's deal

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Old 02-15-2013, 07:08 PM   #11
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Old 02-15-2013, 08:57 PM   #12
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Re: Saints restructure Lofton's deal

Originally Posted by ChrisXVI View Post
Thanks Danno... I'll admit I don't understand all of the in's and out's of these restructure deals so I'm a little ignorant in regard to that. I apologize to Xan, you were right and I tried to correct you. Either way, "All Hail Loomis!"

No worries. I'm wrong so often, it's a pleasant surprise to be right.
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Old 02-15-2013, 09:39 PM   #13
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Re: Saints restructure Lofton's deal

Lofton has been a good trade for us.
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Old 02-15-2013, 10:25 PM   #14
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Re: Saints restructure Lofton's deal

The fact that he signed that contract just last offseason and he was willing to restructure the year after says a lot. Good team guy. But at the same time I think Loomis uses this strategy with most of his signings. Thats why I'm never really nervous about out money situation.

He's pretty much just turning their bonuses into their base salary and spreading it out thru the length of the contract and taking the larger number (which is the base salary) and giving it to them up front as a bonus. Guys aren't going to turn down a 5-6mil check being deposited in the bank before they step on the field that season.

It seems like he structures all contracts in a way that allows him to do this. Therefore giving him a way to get under the cap when he needs to. His strategy is great and most GMs still haven't mastered it the way he has.

The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.
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Old 02-16-2013, 12:05 AM   #15
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Re: Saints restructure Lofton's deal

Thanks ! You are a Saint.
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Old 02-16-2013, 02:05 AM   #16
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Re: Saints restructure Lofton's deal

Originally Posted by NuNu318 View Post
The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.
I was talking about this tonight. I think it was in the books already when Drew first signed the deal. It makes everyone look great when they do these kind of deals. Loomis is really 5 years ahead when he lays contracts out. Too bad he can't predict when players over achieve and have to put out more than expected a la Carl Nicks.
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Old 02-16-2013, 07:00 AM   #17
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Re: Saints restructure Lofton's deal

and so it starts. you go mickey you go
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Old 02-16-2013, 09:14 AM   #18
 
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Re: Saints restructure Lofton's deal

The chess game had begun!
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Old 02-16-2013, 09:56 AM   #19
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Re: Saints restructure Lofton's deal

Curtis smells something fishy. Its a championshipo
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Old 02-16-2013, 10:38 AM   #20
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Re: Saints restructure Lofton's deal

Originally Posted by NuNu318 View Post
The fact that he signed that contract just last offseason and he was willing to restructure the year after says a lot. Good team guy. But at the same time I think Loomis uses this strategy with most of his signings. Thats why I'm never really nervous about out money situation.

He's pretty much just turning their bonuses into their base salary and spreading it out thru the length of the contract and taking the larger number (which is the base salary) and giving it to them up front as a bonus. Guys aren't going to turn down a 5-6mil check being deposited in the bank before they step on the field that season.

It seems like he structures all contracts in a way that allows him to do this. Therefore giving him a way to get under the cap when he needs to. His strategy is great and most GMs still haven't mastered it the way he has.

The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.

Yeah, but as great as it is at times when they announce something like this, this type of a strategy also has a very negative side to it. Pushing most of the big money by restructures to the latter years of players' contract will inevitably create situations like the Saints are now with Smith, where his cap number for next season will be about $14M, and the Saints will end up burning cap room whatever they decide to do with his contract.

I'm not saying I don't approve of Loomis' tactics, just that there are negatives to it, like there are virtually with every tactic you could come up with.

"I don't think I'll be thinking at all. I think I'm just gonna go out there and play my balls out" - Martez Wilson | "I'm not bashing people, I'm bashing their opinions because in my opinion their opinion is wrong" - Danno
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