Mickey Loomis is a Wizard

AsylumGuido · 05-20-2022, 07:50 PM

Originally Posted by neugey

Also a shout out to all the Saints vets (darn near about everybody) that agree to restructure their deals to help with the financial gymnastics.

Actually, almost all of these restructures are unilateral. It all a club option. The player gets exactly the same money up front as they would have, but it is just accounted for in subsequent periods. $12 million base salary converted to a $10 million signing bonus prorated and a $2 million salary still puts the same check in their pocket on the same date basically.

05-20-2022, 07:50 PM	#13
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,574	Re: Mickey Loomis is a Wizard Originally Posted by neugey Also a shout out to all the Saints vets (darn near about everybody) that agree to restructure their deals to help with the financial gymnastics. Actually, almost all of these restructures are unilateral. It all a club option. The player gets exactly the same money up front as they would have, but it is just accounted for in subsequent periods. $12 million base salary converted to a $10 million signing bonus prorated and a $2 million salary still puts the same check in their pocket on the same date basically. Rugby Saint II likes this.

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