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Saints restructure Hawthorne's deal

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

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Old 02-27-2013, 06:00 PM   #1
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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.



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

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Old 02-27-2013, 06:03 PM   #2
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Re: Saints restructure Hawthorne's deal

Was it a friggin group restructure meeting? Donuts, coffee, bran muffins and everything?

Wow.
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Old 02-27-2013, 06:04 PM   #3
 
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Re: Saints restructure Hawthorne's deal

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

Wow.
Loomie and Sean trying to get some 'Bama players...
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Old 02-27-2013, 06:05 PM   #4
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Re: Saints restructure Hawthorne's deal

I see your Tom Brady and I raise you 12 players!!!
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Old 02-27-2013, 06:09 PM   #5
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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.
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Old 02-27-2013, 06:10 PM   #6
 
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Re: Saints restructure Hawthorne's deal

Originally Posted by Danno View Post
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!!!!
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Old 02-27-2013, 06:11 PM   #7
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Re: Saints restructure Hawthorne's deal

Cut Will Smith and call it a day
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Old 02-27-2013, 06:15 PM   #8
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Re: Saints restructure Hawthorne's deal

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?
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Old 02-27-2013, 07:06 PM   #9
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Re: Saints restructure Hawthorne's deal

Originally Posted by RockyMountainSaint View Post
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.
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Old 02-27-2013, 07:40 PM   #10
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Re: Saints restructure Hawthorne's deal

Originally Posted by RaginCajun83 View Post
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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