Cash On Hand
 

Not even rumor grade, just pure speculation/guessing on my part.

This seems to be the season with the most cuts and fewest restructures. But why?

I am unaware of the NFL liquidity requirement for franchise owners. Also clueless as to how Tom Benson's businesses are doing.

We throw around cap and bonuses for restructures with out even a thought to whether Benson has that much cash available.

Signing bonuses have to take a toll on the cash coffer, restricting generally means a few Mil bonus up front.

In comparison to 2013 Jimmy's 7m FT, is a large salary increase between 2013/2014 that has to be paid when he signs. Add 2-3 restructures and that could add 5-6+ million.

What are the chances Benson doesn't have $15m laying around to pay for all of that?

Re: Cash On Hand
 

Yep, spreading a 20 million cap hit over 4 years is for the books.

Benson writes a check for 20 million before the ink dries on that contract.

And I'm sure Benson has a much larger LOC than most of us every will.

Re: Cash On Hand
 

Forbes has Benson's net worth listed at $1.5 billion as of March 1st.

Re: Cash On Hand
 

LOL Drew has taken near 55m in checks to the bank in the last 2 years.

Re: Cash On Hand
 

Nearly 1B of that is the Saints franchise.

Re: Cash On Hand
 

not too likely

Billionaire Saints Owner Tom Benson To Score $400 Million Revenue Boost From Agreement With State - Forbes

Unless he has a REAL bad gambling/coke/hooker problem

Four years ago, he negotiated one of the most complex — and lucrative — stadium lease agreements in the NFL, adding to his fortune as his team was bringing in estimated yearly profits of $31 million. Over 15 years, the term of the lease, the state will pay Benson at least $198 million in increased revenue from the Superdome, $142 million in rental payments on property Benson owns, $10 million in bonuses for bringing the Super Bowl to New Orleans and $2.6 million in tax breaks. Benson will get another $40 million from private rent payments to a tower he bought as part of the deal.

Re: Cash On Hand
 

None of which means he has $15m in cash around. See all the places where it says payment(s)?

Benson is an investor. It is very foolish to have $15m sitting in a checking or savings account earning 1%.

In the last 3-4 years he has written $50m in checks to just Brees and Evans.

Re: Cash On Hand
 

I think it is highly possible in the current economy especially since we know he has been spending up until this point. A lot of people who have a huge net worth are "cash poor"

Re: Cash On Hand
 

The ticket price increase would support that theory also.

Re: Cash On Hand
 

You really think Benson couldn't get the money if he needed it?