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ChrisXVI 02-15-2013 04:12 PM

Saints restructure Lofton's deal
 
1 Attachment(s)
Thanks Curtis for helping the team out! This clears up about four million of cap space.

Saints create some cap room by restructuring Lofton deal | ProFootballTalk

DemonicSaint 02-15-2013 04:17 PM

Re: Saints restructure Lofton's deal
 
Thanks Lofton for caring about our team with the cap situation. Looks like Loomis is working his freaky voodoo magic again!

FinSaint 02-15-2013 04:21 PM

Re: Saints restructure Lofton's deal
 
Moving the problems couple of years forward, but nevertheless, this is what is needed at the moment to get under the cap and free up some money to sign FAs.

xan 02-15-2013 04:51 PM

Re: Saints restructure Lofton's deal
 
Of course he's willing to make the change. It cost him nothing to do so.

Creative Accounting strikes again.

alleycat_126 02-15-2013 04:53 PM

Re: Saints restructure Lofton's deal
 
Shows he's willing to do what it takes to win, big time move..... Loomis bout to start doin work......

ChrisXVI 02-15-2013 05:06 PM

Re: Saints restructure Lofton's deal
 
Quote:

Originally Posted by xan (Post 480134)
Of course he's willing to make the change. It cost him nothing to do so.

Creative Accounting strikes again.

Well it cost him a five million dollar bonus this year and spreads it out over the rest of the contract... I'd say it's respectable of him. Most players want their money now.

saintfan 02-15-2013 05:17 PM

Re: Saints restructure Lofton's deal
 
Championship!

Danno 02-15-2013 05:30 PM

Re: Saints restructure Lofton's deal
 
Quote:

Originally Posted by ChrisXVI (Post 480137)
Well it cost him a five million dollar bonus this year and spreads it out over the rest of the contract... I'd say it's respectable of him. Most players want their money now.

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".

ChrisXVI 02-15-2013 06:04 PM

Re: Saints restructure Lofton's deal
 
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!"

jnormand 02-15-2013 07:08 PM

Re: Saints restructure Lofton's deal
 
Curtis wants to win. And he can't win without a team.


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