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Saints restructure Lofton's deal

this is a discussion within the Saints Community Forum; Originally Posted by jnormand Curtis wants to win. And he can't win without a team. Especially if he stayed with the Falcons. I wonder how he felt about that? Since the Falcons made it to the NFC championship ill bet ...

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Old 02-17-2013, 07:09 AM   #31
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Originally Posted by jnormand View Post
Curtis wants to win. And he can't win without a team.
Especially if he stayed with the Falcons. I wonder how he felt about that? Since the Falcons made it to the NFC championship ill bet he is foaming at the mouth. Bad career move? Imagine what the Falcons defense would have been like if he stayed there. I for one am glad he decided to stay and restructure his deal. He is going to be NASTY!!!! in Rex Ryans 3-4 scheme.
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Old 02-17-2013, 07:13 AM   #32
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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.
In that situation I am certain they would just let him go to another team. There has already been alot of talk about if he is even going to be on this years squad. I guess only time will tell, but as it was stated earlier Loomis plans years ahead and I am sure he is prepared for that to happen.
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Old 02-17-2013, 09:44 AM   #33
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Re: Saints restructure Lofton's deal

Originally Posted by joker-saint View Post
In that situation I am certain they would just let him go to another team. There has already been alot of talk about if he is even going to be on this years squad. I guess only time will tell, but as it was stated earlier Loomis plans years ahead and I am sure he is prepared for that to happen.

There in lies the problem with these restructures, because whenever you are converting base salaries into signing bonuses you are, of course, making the base salary cap hit smaller for a particular year(s) and the yearly prorated signing bonus cap hit is usually very acceptable addition to that reduced base salary - especially when we are talking about contracts that have 4+ years still left on them. But the problem arises when those latter year base salaries, which are usually much higher than the initial years' base salaries, start to kick in. If you release the player with such a contract by cutting him, the team will usually lose a lot of cap room because of the prorated signing bonuses will still have to be counted towards the team's salary cap (not all for all the remaining years on the contract, but still a considerable amount when talking about the bigger contracts). And if you find a willing trading partner for such a player, while the other team takes over the responsibility of that player's contract - the original team is still on the hook when it comes to those prorated signing bonuses.

So, like Danno already said, every player wants to restructure their contracts because it means immediate payment to their bank accounts in the form of those signing bonuses and it's good for the team on the short run because through such a moves they can reduce their salary cap for the coming season while pushing a lot of the money to the latter years of a contract - but on the long run it can be very costly because of the scenarios I listed above.

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Old 02-17-2013, 11:12 AM   #34
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Re: Saints restructure Lofton's deal

Originally Posted by Danno View Post
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.
Well that makes total sense, never even thought about that. So it goes to back to his original greedy deal. Damn us for that for years to come
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