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Is Mickey Loomis taking financial kickbacks on ludicrous contract?

this is a discussion within the Saints Community Forum; Originally Posted by BakoSaint Last year Andrus Peat got $33 million guaranteed. This year Taysom Hill got $23 million guaranteed. What do these players have in common? Four things: they canít stay healthy, donít perform consistently, have no true position, ...

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Old 11-24-2021, 06:39 AM   #11
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

Originally Posted by BakoSaint View Post
Last year Andrus Peat got $33 million guaranteed. This year Taysom Hill got $23 million guaranteed. What do these players have in common? Four things: they canít stay healthy, donít perform consistently, have no true position, and Mickey Loomis is their GM. How would the scheme work? The players agent would meet privately with Loomis. They would agree the player is trending down and unlikely to be in high demand in free agency. Loomis would sign the player to a contract of at least double their market value, and the agent would agree to transfer 50% of their commission to Loomisí private account. Loomis cashes in, the agent gets at least the commission they would have gotten on the open market if not more, immediately, without injury risk, and can use the blockbuster contract to recruit new clients. Nick Fairley could possibly be another example. Can anyone think of a better explanation? Restructuring is one thing, but these deals are big guaranteed money for players with all the red flags. The timing of Taysom Hill coming off a 3 week concussion at age 31 is just egregious. He could take a big hit his next game and medically retire with $23 million salary for that game, and then we have $23 million less if Aaron Rodgers etc wants to come here in free agency and wants us to sign a WR.
So, your assertion is that Loomis is in a scheme to skim money from players salaries via collusion with agents and players?
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Old 11-24-2021, 12:25 PM   #12
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

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Old 11-24-2021, 01:39 PM   #13
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

Originally Posted by Boston Saint View Post
So, your assertion is that Loomis is in a scheme to skim money from players salaries via collusion with agents and players?
Taysom's contract washes a decent amount of drug cartel money I suppose
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Old 11-24-2021, 01:48 PM   #14
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

While I certainly have my issues with the YesManGM, that's one serious rabbit hole...
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Old 11-24-2021, 02:12 PM   #15
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

Heís got a 70 million dollar contract with the city apart from whatever heís earned as the GM of two sports. It seems like the amount of money heíd gain from this endeavor would be small change.

Not gonna say it canít happen though.
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Old 11-24-2021, 03:03 PM   #16
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

I get a kick out of these type of threads. It's like waiting in line at the supermarket and glancing at the cover of the magazines.
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Old 11-24-2021, 03:13 PM   #17
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

Originally Posted by neugey View Post
Taysom's contract washes a decent amount of drug cartel money I suppose
It's apparent That we may need the assistance of one, Marty Bird to clean this precarious situation up......
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Old 11-24-2021, 03:51 PM   #18
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Re: Is Mickey Loomis taking financial kickbacks on ludicrous contract?

Originally Posted by neugey View Post
Taysom's contract washes a decent amount of drug cartel money I suppose
You are thinking futbol, not football.
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