Terron Armstead Restructures Contract

Beastmode · 03-23-2017, 12:20 PM

We have more than Atlanta from that link but they have something we don't have:

ScottF · 03-23-2017, 12:37 PM

Originally Posted by hagan714

Johnathan Hankins? I wish
Malcolm Butler and a first? I hope not

lets review.

Larry Warford G 25 DET NO 4/$34,000,000 $3,800,000

Nick Fairley DT 29 NO NO 4/$28,000,000 $3,000,000

A.J. Klein ILB 25 CAR NO 4/$24,000,000 $2,800,000

Ted Ginn Jr. WR 31 CAR NO 3/$11,000,000 $3,000,000

Manti Te'o ILB 26 LAC NO 2 /$5,000,000 $2,050,000

Alex Okafor OLB 26 ARI NO 1/$2,000,000 $2,000,000

Travaris Cadet RB 28 NO NO 1/$855,000 $695,000

Sterling Moore CB 27 NO NO N/A

Ted Ginn Jr. and Manti Te'o or $16 million of contract money or $5 million in cap space I am not excited about. Rather we spent on

Ricky Wagner RT 27 BAL DET 5/$47,500,000 $5,900,000

Micah Hyde SS 26 GB BUF 5/$30,500,000 $4,000,000

Marcus Cooper CB 27 ARI CHI 3/$16,000,000 $5,000,000

Kevin Minter ILB 26 ARI CIN 1/$4,250,000 $4,250,000

Lawrence Guy DE 27 BAL NE 4/$13,400,000 $2,600,000

Datone Jones OLB 26 GB MIN 1/$3,750,000 $3,718,750

Justin Hunter WR 25 BUF PIT 1/$855,000 $695,000

Made out like a bandit
Rex Burkhead RB 26 CIN NE 1/$3,150,000

Teo makes much more sense to me than Ginn. Why we needed him as a day one signing is beyond me.
And I'm in the minority on Fairley, but I still think we overpaid

voodooido · 03-23-2017, 01:55 PM

So there was really no need to restructure him unless they have plans for that space. I wonder if something big is in the works. Maybe a butler trade?

AsylumGuido · 03-23-2017, 03:07 PM

Originally Posted by voodooido

So there was really no need to restructure him unless they have plans for that space. I wonder if something big is in the works. Maybe a butler trade?

Yup. No need to exercise the conversion option unless they have plans for using the space this season. This is a characteristic of Loomis contracts. The true cap is never what it seems on the surface. Most media hacks couldn't balance a check book, so they sure don't have a clue about operating within the bounds of an NFL cap.

saintsfan1976 · 03-23-2017, 04:54 PM

The Dome is about to hire a Butler.

spkb25 · 03-23-2017, 05:08 PM

Originally Posted by AsylumGuido

We are actually around $16.7 million under the cap with another $8 million or so available in roster bonus conversion. About $7.5 million of that would be slotted for the draft class at this point. Therefore, in currently unconverted and allocated cap we are setting at around $8.8 million.

It all depends on how you look at it. There is also a great deal more available through true contract restructures/extensions.

And another 7. some odd after june 1

spkb25 · 03-23-2017, 05:09 PM

Originally Posted by Beastmode

We have more than Atlanta from that link but they have something we don't have:

and they set a new record doing it

Danno · 03-23-2017, 05:26 PM

Originally Posted by AsylumGuido

Yup. No need to exercise the conversion option unless they have plans for using the space this season. This is a characteristic of Loomis contracts. The true cap is never what it seems on the surface. Most media hacks couldn't balance a check book, so they sure don't have a clue about operating within the bounds of an NFL cap.

It's gotta be Butler, right?

And you're right, the cap manipulations are why GM's need to have CFO/CEO Skills. Just hire solid football guys for draft and free-agency expertise.

I think we have the new normal front office structure.

ChrisXVI · 03-23-2017, 05:31 PM

Phew, it was just to re-sign Darryl Tapp... Nothing to see here folks!

AsylumGuido · 03-23-2017, 05:40 PM

Originally Posted by ChrisXVI

Phew, it was just to re-sign Darryl Tapp... Nothing to see here folks!

We had enough loose change behind the seat cushion to re-sign Tapp. No need to convert to raise $5 million for that.

03-23-2017, 12:20 PM	#11
Beastmode 5000 POSTS! + Join Date: Jul 2010 Posts: 9,126	Re: Terron Armstead Restructures Contract We have more than Atlanta from that link but they have something we don't have: saintfan and foreverfan like this.
Beastmode 5000 POSTS! + Join Date: Jul 2010 Posts: 9,126

03-23-2017, 12:37 PM	#12
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	Re: Terron Armstead Restructures Contract Originally Posted by hagan714 Johnathan Hankins? I wish Malcolm Butler and a first? I hope not lets review. Larry Warford G 25 DET NO 4/$34,000,000 $3,800,000 Nick Fairley DT 29 NO NO 4/$28,000,000 $3,000,000 A.J. Klein ILB 25 CAR NO 4/$24,000,000 $2,800,000 Ted Ginn Jr. WR 31 CAR NO 3/$11,000,000 $3,000,000 Manti Te'o ILB 26 LAC NO 2 /$5,000,000 $2,050,000 Alex Okafor OLB 26 ARI NO 1/$2,000,000 $2,000,000 Travaris Cadet RB 28 NO NO 1/$855,000 $695,000 Sterling Moore CB 27 NO NO N/A Ted Ginn Jr. and Manti Te'o or $16 million of contract money or $5 million in cap space I am not excited about. Rather we spent on Ricky Wagner RT 27 BAL DET 5/$47,500,000 $5,900,000 Micah Hyde SS 26 GB BUF 5/$30,500,000 $4,000,000 Marcus Cooper CB 27 ARI CHI 3/$16,000,000 $5,000,000 Kevin Minter ILB 26 ARI CIN 1/$4,250,000 $4,250,000 Lawrence Guy DE 27 BAL NE 4/$13,400,000 $2,600,000 Datone Jones OLB 26 GB MIN 1/$3,750,000 $3,718,750 Justin Hunter WR 25 BUF PIT 1/$855,000 $695,000 Made out like a bandit Rex Burkhead RB 26 CIN NE 1/$3,150,000 Teo makes much more sense to me than Ginn. Why we needed him as a day one signing is beyond me. And I'm in the minority on Fairley, but I still think we overpaid

03-23-2017, 01:55 PM	#13
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,739	Re: Terron Armstead Restructures Contract So there was really no need to restructure him unless they have plans for that space. I wonder if something big is in the works. Maybe a butler trade? Rugby Saint II likes this.
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,739

03-23-2017, 03:07 PM	#14
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,392	Re: Terron Armstead Restructures Contract Originally Posted by voodooido So there was really no need to restructure him unless they have plans for that space. I wonder if something big is in the works. Maybe a butler trade? Yup. No need to exercise the conversion option unless they have plans for using the space this season. This is a characteristic of Loomis contracts. The true cap is never what it seems on the surface. Most media hacks couldn't balance a check book, so they sure don't have a clue about operating within the bounds of an NFL cap. Danno and ChrisXVI like this.

03-23-2017, 04:54 PM	#15
saintsfan1976 10000 POST CLUB Join Date: Apr 2007 Location: Atlanta Posts: 10,534 Blog Entries: 3	Re: Terron Armstead Restructures Contract The Dome is about to hire a Butler. voodooido likes this.

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03-23-2017, 05:08 PM	#16
spkb25 10000 POST CLUB Join Date: Aug 2004 Location: Baltimore, MD Posts: 13,057	Re: Terron Armstead Restructures Contract Originally Posted by AsylumGuido We are actually around $16.7 million under the cap with another $8 million or so available in roster bonus conversion. About $7.5 million of that would be slotted for the draft class at this point. Therefore, in currently unconverted and allocated cap we are setting at around $8.8 million. It all depends on how you look at it. There is also a great deal more available through true contract restructures/extensions. And another 7. some odd after june 1

03-23-2017, 05:09 PM	#17
spkb25 10000 POST CLUB Join Date: Aug 2004 Location: Baltimore, MD Posts: 13,057	Re: Terron Armstead Restructures Contract Originally Posted by Beastmode We have more than Atlanta from that link but they have something we don't have: and they set a new record doing it

03-23-2017, 05:26 PM	#18
Danno Site Donor 2014 Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,640	Re: Terron Armstead Restructures Contract Originally Posted by AsylumGuido Yup. No need to exercise the conversion option unless they have plans for using the space this season. This is a characteristic of Loomis contracts. The true cap is never what it seems on the surface. Most media hacks couldn't balance a check book, so they sure don't have a clue about operating within the bounds of an NFL cap. It's gotta be Butler, right? And you're right, the cap manipulations are why GM's need to have CFO/CEO Skills. Just hire solid football guys for draft and free-agency expertise. I think we have the new normal front office structure.

03-23-2017, 05:31 PM	#19
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Terron Armstead Restructures Contract Phew, it was just to re-sign Darryl Tapp... Nothing to see here folks!

03-23-2017, 05:40 PM	#20
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 24,392	Re: Terron Armstead Restructures Contract Originally Posted by ChrisXVI Phew, it was just to re-sign Darryl Tapp... Nothing to see here folks! We had enough loose change behind the seat cushion to re-sign Tapp. No need to convert to raise $5 million for that.

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