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

Attached Thumbnails · 08-16-2011, 04:05 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.

Read the rest

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

Rugby Saint II · 08-16-2011, 04:22 PM

$2.5 million........why waste time on chump change?

strato · 08-16-2011, 04:23 PM

Thats enough to sign Sharper...

saintfan · 08-16-2011, 04:32 PM

Originally Posted by strato

Thats enough to sign Sharper...

+ Me

homerj07 · 08-16-2011, 07:31 PM

Thats money freed up that could go for free agents.

QBREES9 · 08-16-2011, 10:01 PM

Sign Sharper

xan · 08-16-2011, 10:10 PM

Get a #1 WR

strato · 08-16-2011, 10:55 PM

Originally Posted by xan

Get a #1 WR

Who?....please tell me..

Seer1 · 08-17-2011, 09:16 AM

Originally Posted by strato

Who?....please tell me..

Ocho!!! 'Cept he has to wear #82 because he's lost a few steps. Hahaha!

hagan714 · 08-17-2011, 09:35 AM

Stinch is a fav but i am not shocked
now we need to see if LT can be upgraded.
maybe bushrod ends up at rt.

08-16-2011, 04:23 PM	#3
strato Banned Join Date: Mar 2009 Location: "Little Ole Town in Tejas" Posts: 7,586	Thats enough to sign Sharper... pherein likes this.

08-16-2011, 04:32 PM	#4
saintfan Donated Plasma Join Date: Jul 2002 Location: San Francisco, CA Posts: 18,556 Blog Entries: 5	Originally Posted by strato Thats enough to sign Sharper... + Me

08-16-2011, 07:31 PM	#5
homerj07 In Doh We Trust Join Date: Sep 2009 Location: Central Florida Posts: 7,027 Blog Entries: 16	Thats money freed up that could go for free agents. FinSaint likes this.

08-17-2011, 09:16 AM	#9
Seer1 Site Donor Join Date: Apr 2010 Location: Bayou Bayfield CO Posts: 4,722	Originally Posted by strato Who?....please tell me.. Ocho!!! 'Cept he has to wear #82 because he's lost a few steps. Hahaha!

08-16-2011, 04:05 PM	#1
Threaded by strato Banned Join Date: Mar 2009 Location: "Little Ole Town in Tejas" Posts: 7,586 Rating: (0 votes - average) 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
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08-16-2011, 04:22 PM	#2
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,073	$2.5 million........why waste time on chump change?

08-16-2011, 10:01 PM	#6
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Sign Sharper

08-16-2011, 10:10 PM	#7
xan Professor Crab and Site Donor 2014 Join Date: Oct 2004 Location: Princeton Posts: 3,371 Blog Entries: 34	Get a #1 WR

08-16-2011, 10:55 PM	#8
strato Banned Join Date: Mar 2009 Location: "Little Ole Town in Tejas" Posts: 7,586	Originally Posted by xan Get a #1 WR Who?....please tell me..

08-17-2011, 09:35 AM	#10
hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68	Stinch is a fav but i am not shocked now we need to see if LT can be upgraded. maybe bushrod ends up at rt.