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SmashMouth 02-27-2013 06:00 PM

Saints restructure Hawthorne's deal
 
1 Attachment(s)
The New Orleans Saints are continuing to work toward getting under the salary cap. In addition to the contract restructure for guard Ben Grubbs that we already told you about, they made another move.

The Saints have cleared an additional $2.05 million in cap space by restructuring the contract of linebacker David Hawthorne, according to a league source.

http://gridironfans.com/forums/attac...-hawthorne.png

Hawthorne had been scheduled to receive a $3 million roster bonus on the third day of the league year. But the Saints erased that by giving Hawthorne a $3 million signing bonus on Tuesday. Instead of having the scheduled roster bonus all count toward this year’s cap figure, the signing bonus allows the $3 million to be spread out over the life of Hawthorne’s contract.

Hawthorne’s cap figure has dropped from $4.76 million to $2.51 million.

Saints restructure Hawthorne's deal - NFC South Blog - ESPN

Danno 02-27-2013 06:03 PM

Re: Saints restructure Hawthorne's deal
 
Was it a friggin group restructure meeting? Donuts, coffee, bran muffins and everything?

Wow.

SmashMouth 02-27-2013 06:04 PM

Re: Saints restructure Hawthorne's deal
 
Quote:

Originally Posted by Danno (Post 482461)
Was it a friggin group restructure meeting? Donuts, coffee, bran muffins and everything?

Wow.

Loomie and Sean trying to get some 'Bama players...:cool:

saintsfan1976 02-27-2013 06:05 PM

Re: Saints restructure Hawthorne's deal
 
I see your Tom Brady and I raise you 12 players!!!

Danno 02-27-2013 06:09 PM

Re: Saints restructure Hawthorne's deal
 
This just in...

BREAKING NEWS: Loomis just re-structured the National deficit and we're now running a $3 trillion surplus.




OK OK, this is just getting absurd. Loomis... YOU THE MAN!!!!

This also just in...


BREAKING NEWS: Loomis just re-structured "THE MAN's" contract too.

SmashMouth 02-27-2013 06:10 PM

Re: Saints restructure Hawthorne's deal
 
Quote:

Originally Posted by Danno (Post 482466)
This just in...

BREAKING NEWS: Loomis just re-structured the National deficit and we're now running a $3 trillion surplus.




OK OK, this is just getting absurd. Loomis... YOU THE MAN!!!!

This also just in...


BREAKING NEWS: Loomis just re-structured "THE MAN's" contract too.

Next man up is Brees!!!!

RaginCajun83 02-27-2013 06:11 PM

Re: Saints restructure Hawthorne's deal
 
Cut Will Smith and call it a day

RockyMountainSaint 02-27-2013 06:15 PM

Re: Saints restructure Hawthorne's deal
 
1 Attachment(s)
This is starting to look like any other financial "Bubble".
The teams are paying out guaranteed $ for the ability to win now.
If these dudes get hurt or suck, the Saints are on the hook for tons of "dead money" in their cap.
Teams are banking on the cap increasing dramatically when the new tv contract kicks in.
Are they right for gambling this way?

saintsfan403 02-27-2013 07:06 PM

Re: Saints restructure Hawthorne's deal
 
Quote:

Originally Posted by RockyMountainSaint (Post 482470)
This is starting to look like any other financial "Bubble".
The teams are paying out guaranteed $ for the ability to win now.
If these dudes get hurt or suck, the Saints are on the hook for tons of "dead money" in their cap.
Teams are banking on the cap increasing dramatically when the new tv contract kicks in.
Are they right for gambling this way?

The ultimate open ended question. We'll just see how this all plays out.

Luda34 02-27-2013 07:40 PM

Re: Saints restructure Hawthorne's deal
 
Quote:

Originally Posted by RaginCajun83 (Post 482469)
Cut Will Smith and call it a day

And there it is do this and get all the way under the cap.


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