BakoSaint

Thats part of why. I am sure there were no other bidders knocking down the door. But also by agreeing to take like $5 million salary to push back $10 million of cap hit, Peat can keep putting the Saints in a similar position year after year. The contracts will always be restructured and it will always be cheaper to keep Peat 1 more year than to eat the dead cap to move on. So its a really good racket. Peat gets to collect $5 million a year forever, well past his playing days, as loan shark level interest on a $20 million loan to the Saints salary cap. Michael Thomas is playing this game too. Kamara will likely collect more years of pay than Frank Gore. Taysom Hill may have to learn placekicking to hold a roster spot in his 40's to help Loomis delay his dead cap hit.