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First national bank of _________ (restructure mechanics)

this is a discussion within the Saints Community Forum; Thanks for the post Oak.....I always wondered how the restructuring actually worked and why a player would do that. Makes a lot more sense now!...

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Old 02-18-2014, 03:34 PM   #11
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Re: First national bank of _________ (restructure mechanics)

Thanks for the post Oak.....I always wondered how the restructuring actually worked and why a player would do that. Makes a lot more sense now!
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Old 02-18-2014, 04:32 PM   #12
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Re: First national bank of _________ (restructure mechanics)

I know it's not easy to follow for some but in a nutshell.

You have 9 million in Salary this year.
I'm going to give you 8m now up front and pay you 1m in salary if you sign this paper adding 2 years and 7m to your contract.

Agent gets his cut so he is fine with it.
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Old 02-18-2014, 08:18 PM   #13
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Re: First national bank of _________ (restructure mechanics)

Loomis has a tendency to over value some players I think. But if Benson is willing to spend the $ more power to you Mickey.
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