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Saints restructure Lofton's deal

this is a discussion within the Saints Community Forum; Now Brees needs to take a step back and help this team out. He needs to restructure his as well. Do not get me wrong by saying this, need is our bread and butter. The man DESERVES every damn penny ...

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Old 02-16-2013, 12:12 PM   #21
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Now Brees needs to take a step back and help this team out. He needs to restructure his as well. Do not get me wrong by saying this, need is our bread and butter. The man DESERVES every damn penny of it, if we were in a different situation. We need help on both sides of the lines, he was getting killed or running for his life most of the time. The defense I don't have to go into detail about it.
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Old 02-16-2013, 01:31 PM   #22
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Re: Saints restructure Lofton's deal

Originally Posted by FinSaint View Post
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 get what your saying but at the same time. Next season his cap number is 14mil. But they have the option to release him, which is very likely because his production is not there and his age has caught up, they can simply release him lowering that cap number to 4mil instead of 14mil. Because you save 10mil by cutting him.

Loomis continues to push that cap number back to the later years because if you think about it most of these guys don't even get to the last 2 years of there contract unless they're a elite QB. And they make it up to the players by giving them those bonuses. And even if the Saints feel like they want to still keep a guy like Smith who's value on the market will not compare to what it would be if he were still under his original contract, they can release him trim 10mil off the cap and let him hit the market, offer him a new lower priced contract and if he feels like he can get more else where you're not really losing out because it not you're losing a key part of your team at this point of his career.
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Old 02-16-2013, 02:05 PM   #23
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Re: Saints restructure Lofton's deal

Originally Posted by Ashley View Post
Now Brees needs to take a step back and help this team out.
Again, thats totally backwards.

Benson is the one who will step up and convert some of Drews yearly bonuses to "signing bonus", which Drew gets immediately.

Players get MORE money by re-structuring. The TEAM assumes more risk.

Every player on this team is hoping and praying Loomis approaches them about re-structuring. It benefits the player, it doesn't harm them at all.
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Old 02-16-2013, 02:32 PM   #24
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Re: Saints restructure Lofton's deal

Originally Posted by NuNu318 View Post
I get what your saying but at the same time. Next season his cap number is 14mil. But they have the option to release him, which is very likely because his production is not there and his age has caught up, they can simply release him lowering that cap number to 4mil instead of 14mil. Because you save 10mil by cutting him.

Loomis continues to push that cap number back to the later years because if you think about it most of these guys don't even get to the last 2 years of there contract unless they're a elite QB. And they make it up to the players by giving them those bonuses. And even if the Saints feel like they want to still keep a guy like Smith who's value on the market will not compare to what it would be if he were still under his original contract, they can release him trim 10mil off the cap and let him hit the market, offer him a new lower priced contract and if he feels like he can get more else where you're not really losing out because it not you're losing a key part of your team at this point of his career.

But my point was that by restructuring Smith's contract last offseason the Saints are now out $4M at the least if they decide to release Smith. Now, $4M out of a $121M salary cap might not sound that much, but every dollar counts and you can get a really good player for $4M. And then when you multiply this situation - as in more player contracts than just one - you can find yourself quickly in a place where you're either fielding a team having an overpaid nucleus with diminishing skills supported by second hand talent or a team that is having millions taken from its salary cap annually because it has to release players with huge prorated signing bonuses on their contracts and again not having the money to sign/re-sign truly talented players at their prime.

Again, I'm not saying Loomis is doing things wrong - just reminding that there's a downside to all of this as well.
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Old 02-16-2013, 08:07 PM   #25
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Re: Saints restructure Lofton's deal

I love u guys. My other favorite teams which is the N.B.A. Only SAINTS in football. I get on those message boards and its all bout people trying to be right and make the other look stupid. On here I feel like everybody is cool even semi FAM. Thats the same way that I felt when I took a visit to the N.O. back in 2003. I have to make it back.
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Old 02-16-2013, 08:40 PM   #26
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Re: Saints restructure Lofton's deal

Originally Posted by jnormand View Post
Curtis wants to win. And he can't win without a team.
Somebody tell that to Drew.

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Old 02-16-2013, 09:01 PM   #27
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Re: Saints restructure Lofton's deal

Originally Posted by darksoul35 View Post
I love u guys. My other favorite teams which is the N.B.A. Only SAINTS in football. I get on those message boards and its all bout people trying to be right and make the other look stupid. On here I feel like everybody is cool even semi FAM. Thats the same way that I felt when I took a visit to the N.O. back in 2003. I have to make it back.
Welcome to the family man... Feel free to contribute any time! I know what you mean about other message boards, that's why this is the only one that I post on.
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Old 02-16-2013, 09:26 PM   #28
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Re: Saints restructure Lofton's deal

Originally Posted by FinSaint View Post
But my point was that by restructuring Smith's contract last offseason the Saints are now out $4M at the least if they decide to release Smith. Now, $4M out of a $121M salary cap might not sound that much, but every dollar counts and you can get a really good player for $4M. And then when you multiply this situation - as in more player contracts than just one - you can find yourself quickly in a place where you're either fielding a team having an overpaid nucleus with diminishing skills supported by second hand talent or a team that is having millions taken from its salary cap annually because it has to release players with huge prorated signing bonuses on their contracts and again not having the money to sign/re-sign truly talented players at their prime.

Again, I'm not saying Loomis is doing things wrong - just reminding that there's a downside to all of this as well.
I couldn't agree more! Most folks don't understand this.
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Old 02-16-2013, 10:47 PM   #29
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Re: Saints restructure Lofton's deal

FinSaint, you know your stuff buddy. The way Loomis does things is scary having to always be over the salary cap and restructure contracts every year. However, I trust in Loomis and hopefully we can get our cap situation a little easier to deal with in the coming years.
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Old 02-17-2013, 08:05 AM   #30
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Re: Saints restructure Lofton's deal

Originally Posted by Danno View Post
He gets the 5 million immediately. The team gets to spread the cap hit for the bonus over 5 years.

Benson just wrote him a 5 million dollar check which was deposited into Mr Loftons checking account before the ink dried.

And we can get 15 million more by giving Brees, Grubbs and Evans the same type of "advance".
Danno: Where can you find information like this? From what you stated it sounds like for every payout it gives the Saints that much more in salary cap. Why not pay all of the players we want to keep some up front money? Say....200 milllion dollars worth.
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