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Saints Restructure Lewis' Contract

this is a discussion within the Saints Community Forum; The New Orleans Saints have restructured cornerback Keenan Lewis' contract, according to a source, as the Saints are near the salary cap ceiling. The Saints shifted some money around for Lewis to give the team $1.2 million in cap savings ...

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Old 03-20-2014, 12:48 PM   #1
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Saints Restructure Lewis' Contract

The New Orleans Saints have restructured cornerback Keenan Lewis' contract, according to a source, as the Saints are near the salary cap ceiling.

The Saints shifted some money around for Lewis to give the team $1.2 million in cap savings in 2014 and $1 million in savings for 2015. The team turned $2.1 million into bonus money in 2014 to spread the cap hit.

New Orleans Saints restructure contract of cornerback Keenan Lewis | NOLA.com



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Old 03-20-2014, 01:00 PM   #2
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Re: Saints Restructure Lewis' Contract

Making money for graham, expect a couple more restructures
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Old 03-20-2014, 01:01 PM   #3
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Re: Saints Restructure Lewis' Contract

I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
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Old 03-20-2014, 01:05 PM   #4
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Re: Saints Restructure Lewis' Contract

One way or another he gets his money.
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Old 03-20-2014, 01:17 PM   #5
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Re: Saints Restructure Lewis' Contract

Originally Posted by stickman View Post
I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
Fantastic,you are getting paid more in guaranteed money and a signing bonus.More cash into the pocket quickly.If a player is clever and has a good agent then that lump sum of money is making more money.
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Old 03-20-2014, 01:17 PM   #6
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Re: Saints Restructure Lewis' Contract

Originally Posted by stickman View Post
I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
I've wondered that same thing. I figure it must not be too bad since Loomis does it all the time, everybody signs and nobody complains (publicly at least).
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Old 03-20-2014, 01:19 PM   #7
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Re: Saints Restructure Lewis' Contract

Originally Posted by stickman View Post
I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
It's more than that. Every big money contract in the NFL is signed with the expectation that the contract will not be completed as written. Backloading gives a balance point between the team, who wants to spread the cap hit over the long term, and the player, who wants his money up front. There's always a point somewhere in the middle of the contract where it's cheaper to get rid of the player than to continue to pay. At that point, restructuring happens where the player gets some more up front money from that back end in trade for lowering the cap hit of the balloon payments on the back end of the contract.

Note that in every restructure, including this one, the player gets money on the spot. So from the player standpoint it's always getting more money now instead of hoping to be around long enough to get it later.

So it probably feels pretty good to know as a player that you're playing well enough that the team wants to keep you and wants put more money up front where their mouth is.

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Old 03-20-2014, 01:31 PM   #8
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Re: Saints Restructure Lewis' Contract

Originally Posted by dizzle88 View Post
Making money for graham, expect a couple more restructures
We already have the money for Graham so that's not what it is. I expect another signing is on the horizon.
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Old 03-20-2014, 01:33 PM   #9
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Re: Saints Restructure Lewis' Contract

Good.
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Old 03-20-2014, 01:59 PM   #10
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Re: Saints Restructure Lewis' Contract

Amen - Lewis, like Strief is willing to work with the system to make a winner
good character goes a long way

Now if Drew would take the hit next year

maybe another FA in the wings wide receiver?

Loomis knows exactly what he is doing, he's just lining it up
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The Latest Keenan Lewis News | SportSpyder This thread Refback 03-20-2014 01:15 PM 2
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