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Saints restructure Lofton's deal

this is a discussion within the Saints Community Forum; 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...

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Old 02-15-2013, 05:12 PM   #1
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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

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Old 02-15-2013, 05:17 PM   #2
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Talking 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!
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Old 02-15-2013, 05:21 PM   #3
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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.
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Old 02-15-2013, 05:51 PM   #4
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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.
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Old 02-15-2013, 05:53 PM   #5
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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......
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Old 02-15-2013, 06:06 PM   #6
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Re: Saints restructure Lofton's deal

Originally Posted by xan View Post
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.
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Old 02-15-2013, 06:17 PM   #7
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Re: Saints restructure Lofton's deal

Championship!
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Old 02-15-2013, 06:30 PM   #8
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Re: Saints restructure Lofton's deal

Originally Posted by ChrisXVI View Post
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".
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Old 02-15-2013, 07:04 PM   #9
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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!"
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Old 02-15-2013, 08:08 PM   #10
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Re: Saints restructure Lofton's deal

Curtis wants to win. And he can't win without a team.
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