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Bunkley Restructures, paycut

this is a discussion within the Saints Community Forum; Originally Posted by NewDeal Big pay cut. He must want that championship. He's still getting his money upfront, it's just not part of his base salary anymore. He's taking $2.85 million lump sum as signing bonus. I wouldn't mind having ...

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Old 04-09-2014, 04:00 PM   #11
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Re: Bunkley Restructures, paycut

Originally Posted by NewDeal View Post
Big pay cut. He must want that championship.
He's still getting his money upfront, it's just not part of his base salary anymore. He's taking $2.85 million lump sum as signing bonus. I wouldn't mind having those kinds of headaches.
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Old 04-09-2014, 04:02 PM   #12
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Re: Bunkley Restructures, paycut

a little more info:
New Orleans Saints restructure defensive tackle Brodrick Bunkley's contract | NOLA.com
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Old 04-09-2014, 04:02 PM   #13
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Re: Bunkley Restructures, paycut

Glad we worked something out. Bunkley is a very good NT.
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Old 04-09-2014, 04:06 PM   #14
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Re: Bunkley Restructures, paycut

also, Bunkley knows that if he didn't restructure he ran a pretty big risk of being a June 1 cut, and the way things are for veterans anymore, there's no way he was going to get anything close to 4.4 million/year on the open market.

The tradeoff for the Saints of course is that they are basically committed to him for at least 2015, since they can't restructure two years in a row and cutting him would be a massive dead money hit.
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Old 04-09-2014, 04:11 PM   #15
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Re: Bunkley Restructures, paycut

Originally Posted by Jack Vegas View Post
He's still getting his money upfront, it's just not part of his base salary anymore. He's taking $2.85 million lump sum as signing bonus. I wouldn't mind having those kinds of headaches.

No... He's only getting a $300,000 signing bonus. It was a true pay cut.
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Old 04-09-2014, 04:12 PM   #16
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Re: Bunkley Restructures, paycut

Originally Posted by Jack Vegas View Post
also, Bunkley knows that if he didn't restructure he ran a pretty big risk of being a June 1 cut, and the way things are for veterans anymore, there's no way he was going to get anything close to 4.4 million/year on the open market.

The tradeoff for the Saints of course is that they are basically committed to him for at least 2015, since they can't restructure two years in a row and cutting him would be a massive dead money hit.
look at it this way- he was due $5 mill for 2014, and cutting him would have left us a a $5 million dollar hole and no player. That money was gone either way

This way we have money now, and taking a three year average, he now makes $3.5 mill annually
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Old 04-09-2014, 04:12 PM   #17
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Re: Bunkley Restructures, paycut

Originally Posted by dizzle88 View Post
Glad he's a team player...
Talk about break the bank.... Hear that Drew....
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Old 04-09-2014, 04:24 PM   #18
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Re: Bunkley Restructures, paycut

Originally Posted by ChrisXVI View Post
No... He's only getting a $300,000 signing bonus. It was a true pay cut.
That's a roster bonus, not his full signing bonus. If I have it figured right the entirety of his signing bonus would be something in the neighborhood of 2.2 million.

You can't just cut people's salary. Base salary is guaranteed. They can restructure it into signing bonus, but you can't just say "you're taking 2.85 million dollars less this year". It's not allowed.
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Old 04-09-2014, 04:29 PM   #19
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Re: Bunkley Restructures, paycut

LOOOOMISSSS you did it AGAAAAIN........

lol

Failcants cry more
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Old 04-09-2014, 04:32 PM   #20
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Bunkley Restructures, paycut

Originally Posted by Jack Vegas View Post
That's a roster bonus, which is part of his base salary. Not the signing bonus.

Edit... Never mind.
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