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Saints, Will Smith reportedly working on restructuring his contract

this is a discussion within the Saints Community Forum; Well everyone is doing this now, you constantly restructure contracts to move money out of the salary cap hit and into bonuses and guarantees that don't count against the cap. The Saints and Loomis are actually at the forefront of ...

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Old 02-24-2013, 09:11 AM   #21
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Well everyone is doing this now, you constantly restructure contracts to move money out of the salary cap hit and into bonuses and guarantees that don't count against the cap. The Saints and Loomis are actually at the forefront of the league in terms of doing this, one of the best in the business. Eventually all contracts around the NFL will be worked like this, and the odd exceptions will be the players who DON'T restructure every year or couple of years.

Loomis is such a master bean counter, it's like he just loves counting those darn beans -- he loves counting them so much that it's not enough to just count them once, like most normal GMs do, Loomis counts and recounts them again and again, and moves them around into little piles, and is always looking for an advantage.
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Old 02-24-2013, 09:13 AM   #22
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Re: Saints, Will Smith reportedly working on restructuring his contract

If a player refuses to play out his contract, why should a team be forced to pay out either?
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Old 02-24-2013, 11:05 AM   #23
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Re: Saints, Will Smith reportedly working on restructuring his contract

I'd rather they just cut him, it's time to see if these younger guys are worth keeping
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Old 02-25-2013, 02:12 AM   #24
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Re: Saints, Will Smith reportedly working on restructuring his contract

What I want to know is, is he actually going to restructure and spread out more money down the road, or is he taking a pay cut? He needs to take a drastic pay cut, or he's not worth keeping around.
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Old 02-25-2013, 05:52 AM   #25
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Re: Saints, Will Smith reportedly working on restructuring his contract

Originally Posted by burningmetal View Post
What I want to know is, is he actually going to restructure and spread out more money down the road, or is he taking a pay cut? He needs to take a drastic pay cut, or he's not worth keeping around.

I would imagine that it's a restructure involving prorated bonuses and a pay cut - I can't believe a simple restructuring would do the job cap-wise.
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Old 02-25-2013, 06:09 AM   #26
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Re: Saints, Will Smith reportedly working on restructuring his contract

cutting him would cost the saints to much money also.

plus his deal has been redone what? twice already.

the saint are stuck and they must pay the piper one way or another
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Old 02-25-2013, 06:10 AM   #27
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Re: Saints, Will Smith reportedly working on restructuring his contract

Originally Posted by FinSaint View Post
I would imagine that it's a restructure involving prorated bonuses and a pay cut - I can't believe a simple restructuring would do the job cap-wise.
It certainly wouldn't do the job in the long run. A simple restructure would help out some this year, but would screw us down the road. With his total lack of production, he absolutely HAS to take a pay cut, or there is no reason to have him around. I don't want him on the team, period. It's not anything personal against the guy, but I just don't think he has anything left.
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Old 02-25-2013, 06:16 AM   #28
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Re: Saints, Will Smith reportedly working on restructuring his contract

Originally Posted by hagan714 View Post
cutting him would cost the saints to much money also.

plus his deal has been redone what? twice already.

the saint are stuck and they must pay the piper one way or another
Cutting him would put a hit on the cap this year, but we wouldn't have to pay him for the remaining years, at least. To me, he's too unproductive now to keep paying him down the road. The day he signed that deal, was a huge mistake by the Saints, and this was bound to happen.

When he was at his best, he wasn't worth half the money they gave him.
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Old 02-25-2013, 06:44 AM   #29
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Re: Saints, Will Smith reportedly working on restructuring his contract

cap wise next year is a better year to do a cut if a cut is going to happen. this year is not the year to go that route. we would be cutting our throats.


Get the cap straighten out in 2013 which was at 20 mill

then in 2014 we will not be looking at such a big hole cap wise. we will have more wiggle room.

we have to deal with two major issues

2014
Jimmy Graham $665,140
Malcolm Jenkins $11,000,000

Zach Strief $1,750,000
David Thomas $1,500,000
Charles Brown $1,310,000
Jonathan Vilma $1,000,000
Will Herring $1,000,000

This is looking the Guaranteed money each player has coming to them in their contract years

much easier pile of dung for Micky sort through and work his magic

Look at Vilmas number. That is why we are trying to spread the hit out. that way can do some additions in FA or resign some players.

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Old 02-25-2013, 09:28 AM   #30
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Re: Saints, Will Smith reportedly working on restructuring his contract

Jenkins has a cap hit of 11 mil in 2014

You have got to be kidding me
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