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Saints continue to find creative ways to manage cap situation

this is a discussion within the Saints Community Forum; Regardless of how you feel about how the Saints conduct their business, you have to give Mickey Loomis and the brass credit for finding ways to add players to the roster. The creative accounting the team likes to use reached ...

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Old 03-29-2016, 09:52 PM   #1
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Regardless of how you feel about how the Saints conduct their business, you have to give Mickey Loomis and the brass credit for finding ways to add players to the roster.

The creative accounting the team likes to use reached its peak or at least what one has to assume is the peak with the contract it gave to Nick Fairley earlier this week.

The defensive tackle is under contract for only a year a fact so certain it was announced by the team earlier this week but when The Advocate obtained the details of his contract, it showed three years on the deal worth $4.69 million.

But the fine print states the deal voids if Fairley is still on the team 15 days before the start of the 2017 league year. In other words, it is actually a one-year deal worth $3 million.



So why have what is essentially two fake years on the deal? It allows New Orleans to prorate his $2.235 million signing bonus over three seasons and absorb a cap charge of only $1.51 million in 2016.

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Old 03-29-2016, 10:14 PM   #2
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Re: Saints continue to find creative ways to manage cap situation

Loomis slick af.
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Old 03-29-2016, 10:22 PM   #3
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Re: Saints continue to find creative ways to manage cap situation

Even managed to keep his jersey number low...
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Old 03-30-2016, 12:18 AM   #4
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Re: Saints continue to find creative ways to manage cap situation

Goodell's not going to let this fly...
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Old 03-30-2016, 01:44 AM   #5
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Re: Saints continue to find creative ways to manage cap situation

Originally Posted by jeanpierre View Post
Goodell's not going to let this fly...
He's gonna be pissed. Probably the first and last to do this. It's actually genius. Gotta give the Mick his dues here. This was some straight legal fraud stuff. Lol.
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Old 03-30-2016, 05:31 AM   #6
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Re: Saints continue to find creative ways to manage cap situation

Actually don't you think reports have lost that fine art of

KEEPING ONES MOUTH SHUT!!!!!!!!!!!!


Loss lips sink ships and all....

But the fine print states the deal voids if Fairley is still on the team 15 days before the start of the 2017 league year. In other words, it is actually a one-year deal worth $3 million.


Not really I view it as an option year for a player that has a history of issue on and off the field that appears to be heading down the right path. So instead of getting hammered with dead cap if he fails, the saints have it spread out.

With Run a muck Roger "The Boner" Goodell at the helm of the NFL Kangaroo Court System, teams have to do all they can to protect themselves from his creative half baked, drug induced decisions making.

Now if the he stays on the up and up I am sure there is a contract renegotiation option for both parties as well as an out involved in 2017.

Which for Nick works out perfectly. The saints cap in 2017 is very friendly. I call it a win win

Your probably right Roger "The Boner" Goodell wont let it fly
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Old 03-30-2016, 02:21 PM   #7
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Re: Saints continue to find creative ways to manage cap situation

The contract has already been approved.

However, I could see Der Kommisar taking away a draft pick.........just to keep us on our toes.
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Old 03-30-2016, 05:16 PM   #8
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Re: Saints continue to find creative ways to manage cap situation

Originally Posted by jeanpierre View Post
Goodell's not going to let this fly...
He has to since it is well within the rules. Loomis is a rock star to the cost accounting crowd.
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Old 03-30-2016, 06:27 PM   #9
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Re: Saints continue to find creative ways to manage cap situation

Originally Posted by AsylumGuido View Post
He has to since it is well within the rules. Loomis is a rock star to the cost accounting crowd.
And as Rug2 stated, its already been approved. Thats probably why it took so long to officially announce that we signed him.
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