Saints are working on re-structured deal with Will Smith

03-01-2012, 10:05 AM

Yahoo's Jason Cole reports that the Saints are working to restructure RE Will Smith's contract ahead of the start of free agency.

Smith is owed a $1 million roster bonus on March 27 and carries a $10.15M cap number, according to The Sideline View's Adam Caplan. By moving money around and guaranteeing some of Smith's base salary, the Saints could save $5 million to $6 million. Per Cole, the reworked contract "could be done today."

Source: Yahoo Sports

https://twitter.com/#!/JasonColeYahoo

Also this:

http://profootballtalk.nbcsports.com...iths-contract/

FinSaint · 03-01-2012, 10:09 AM

Saints are working on restructured deal with DE Will Smith to save $5 or $6 mill of cap $. Could be done today. No new $, just guar salary.

That's good news, it would be a shame to see him cut.

st thomas · 03-01-2012, 10:23 AM

there u go , loomis at work

jnormand · 03-01-2012, 10:29 AM

Nice. This is all part of the deal. Geaux Loomis! ****in genius!

AsylumGuido · 03-01-2012, 10:49 AM

This is just part of the "behind the scenes" groundwork that needs to take place before Drew's deal gets done. It looks as if Loomis is making a play to keep all three of the big FA's.

skymike · 03-01-2012, 11:16 AM

this is good news. If he wont restructure, it could be time for
new blood.

Lets also hope the Saints continue to find more "Colstons" and
"Pierre Thomas's" under rocks.

SapperSaint · 03-01-2012, 11:21 AM

Will has to know he is getting paid much more than he is procducing. If he does get released, it's not like another team or teams are out there chomping at the bit to get Will Smith. If he wants to play here.... he needs to restructure.

Mike, I think we will continue to find those diamonds.

halloween 65 · 03-01-2012, 11:47 AM

This tells me where we are going in the draft,and get to see if he can at least play up to this money. Lord help us if he can't!!

ScottF · 03-01-2012, 11:54 AM

good for both sides- insurance for Smith, cap space for Saints

Anyone see the other Cole tweet? maybe we can kick the tires on Dan Morgan. Again

QBREES9 · 03-01-2012, 12:05 PM

Great Idea

03-01-2012, 10:05 AM	#1
Threaded by WhoDat!656 10000 POST CLUB Join Date: Nov 2010 Location: Shreveport,Louisiana Posts: 16,062 Rating: (0 votes - average) Yahoo's Jason Cole reports that the Saints are working to restructure RE Will Smith's contract ahead of the start of free agency. Smith is owed a $1 million roster bonus on March 27 and carries a $10.15M cap number, according to The Sideline View's Adam Caplan. By moving money around and guaranteeing some of Smith's base salary, the Saints could save $5 million to $6 million. Per Cole, the reworked contract "could be done today." Source: Yahoo Sports https://twitter.com/#!/JasonColeYahoo Also this: http://profootballtalk.nbcsports.com...iths-contract/ Last edited by papz; 03-01-2012 at 10:14 AM..
Views: 5429

03-01-2012, 10:29 AM	#4
jnormand 5000 POSTS! + Join Date: Sep 2003 Location: The Free State of Idaho Posts: 5,687	Nice. This is all part of the deal. Geaux Loomis! ****in genius! SapperSaint likes this.

03-01-2012, 10:49 AM	#5
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,274	This is just part of the "behind the scenes" groundwork that needs to take place before Drew's deal gets done. It looks as if Loomis is making a play to keep all three of the big FA's. SapperSaint likes this.

03-01-2012, 11:16 AM	#6
skymike E. Side Cholo Join Date: Sep 2008 Location: The Barrio, H-town Posts: 6,089	this is good news. If he wont restructure, it could be time for new blood. Lets also hope the Saints continue to find more "Colstons" and "Pierre Thomas's" under rocks. Rugby Saint II likes this.

03-01-2012, 11:21 AM	#7
SapperSaint Pink Nightmare Join Date: Oct 2004 Location: Mississippi Posts: 3,028 Blog Entries: 7	Will has to know he is getting paid much more than he is procducing. If he does get released, it's not like another team or teams are out there chomping at the bit to get Will Smith. If he wants to play here.... he needs to restructure. Mike, I think we will continue to find those diamonds. darstep likes this.

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03-01-2012, 10:09 AM	#2
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,961	Saints are working on restructured deal with DE Will Smith to save $5 or $6 mill of cap $. Could be done today. No new $, just guar salary. That's good news, it would be a shame to see him cut.

03-01-2012, 10:23 AM	#3
st thomas Site Donor 2018 Join Date: Dec 2009 Location: lafayette Posts: 7,753	there u go , loomis at work

03-01-2012, 11:47 AM	#8
halloween 65 5000 POSTS! + Join Date: Sep 2011 Location: Grand Haven, Michigan by way of a little Mississippi River town in Louisiana Posts: 5,893	This tells me where we are going in the draft,and get to see if he can at least play up to this money. Lord help us if he can't!!

03-01-2012, 11:54 AM	#9
ScottF 5000 POSTS! + Join Date: Feb 2007 Location: Atlanta Posts: 6,324	good for both sides- insurance for Smith, cap space for Saints Anyone see the other Cole tweet? maybe we can kick the tires on Dan Morgan. Again

03-01-2012, 12:05 PM	#10
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Great Idea

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