Jon Stinchcomb's 2011 salary was not guaranteed with New Orleans Saints

strato · 08-16-2011, 03:05 PM

Great News!!!

Reports that Jon Stinchomb's 2011 salary was guaranteed were not accurate. The New Orleans Saintswill save $2.25 million this year after releasing the eight-year veteran on Monday.
Apparently, Stinchcomb's contract originally called for a guaranteed salary this season, but the guarantee was voided after he received a $5.5 million "completion" bonus in 2010.
The Saints will still be charged about $2.5 million against the salary cap this year to account for the pro-rated portion of earlier bonuses paid out to Stinchcomb. And next year, they will be charged the remaining pro-ration amount of around $5 million. But they did save $2.25 million against this year's cap by releasing him.

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Jon Stinchcomb's 2011 salary was not guaranteed with New Orleans Saints | NOLA.com

08-16-2011, 03:05 PM	#1
strato Banned Join Date: Mar 2009 Location: "Little Ole Town in Tejas" Posts: 7,586	Jon Stinchcomb's 2011 salary was not guaranteed with New Orleans Saints Great News!!! Reports that Jon Stinchomb's 2011 salary was guaranteed were not accurate. The New Orleans Saintswill save $2.25 million this year after releasing the eight-year veteran on Monday. Apparently, Stinchcomb's contract originally called for a guaranteed salary this season, but the guarantee was voided after he received a $5.5 million "completion" bonus in 2010. The Saints will still be charged about $2.5 million against the salary cap this year to account for the pro-rated portion of earlier bonuses paid out to Stinchcomb. And next year, they will be charged the remaining pro-ration amount of around $5 million. But they did save $2.25 million against this year's cap by releasing him. Read the rest Jon Stinchcomb's 2011 salary was not guaranteed with New Orleans Saints \| NOLA.com Attached Thumbnails