Loomis says Saints won't ditch Vilma for Lofton

FinSaint · 03-26-2012, 07:28 AM

Originally Posted by burningmetal

In order to get Drew locked up, you would have to restructure so many contracts, I just don't think it's likely they go that route. The big contracts on the team (Jahri Evans, Will Smith) have already been restructured and Colston's deal is fairly big, but he just signed it so nothing is gonna change there. That leaves Vilma with the only other significant contract. He's gonna have to be released to free up the necessary cap space. Lofton's deal hasn't been submitted to the league yet, but you know he couldn't have come too cheap, so we're going to have almost nothing left after it becomes official.

Just my opinion.

Well, Ellis is another piece of the puzzle.

His cap hit for 2012 seems to be $7.575M, but according to my calculations there's only about $800K left in the guaranteed $19.5M of his contract, so the Saints could free up a lot of cap space if they were to cut him.

On the other hand, if the Saints' FO and Brees are able to come to an understanding in regards to the structure of the long term contract, where his initial cap hit would be fairly low while still including a lot of guaranteed money - Ellis' contract comes of the books next off-season, which would allow for a bigger cap hit for Brees in 2013.

Jabari Greer is another player who's salary will come of the books after this coming season, so that'll be another $6.15M of cap space for Brees' contract.

The Saints could also try to get him to sign an extension with a restructure, which could keep him with the Saints for couple of additional seasons while bringing down his cap hit for this coming season.

The bottom line is that there are ways of making Brees' contract work even if he is given the highest overall value contract in the NFL and a big amount of guaranteed money to go along with it - it's all about the structuring of his contract and of all the other players' contracts in relation to his annual cap hits.

03-26-2012, 07:28 AM	#9
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,964	Originally Posted by burningmetal In order to get Drew locked up, you would have to restructure so many contracts, I just don't think it's likely they go that route. The big contracts on the team (Jahri Evans, Will Smith) have already been restructured and Colston's deal is fairly big, but he just signed it so nothing is gonna change there. That leaves Vilma with the only other significant contract. He's gonna have to be released to free up the necessary cap space. Lofton's deal hasn't been submitted to the league yet, but you know he couldn't have come too cheap, so we're going to have almost nothing left after it becomes official. Just my opinion. Well, Ellis is another piece of the puzzle. His cap hit for 2012 seems to be $7.575M, but according to my calculations there's only about $800K left in the guaranteed $19.5M of his contract, so the Saints could free up a lot of cap space if they were to cut him. On the other hand, if the Saints' FO and Brees are able to come to an understanding in regards to the structure of the long term contract, where his initial cap hit would be fairly low while still including a lot of guaranteed money - Ellis' contract comes of the books next off-season, which would allow for a bigger cap hit for Brees in 2013. Jabari Greer is another player who's salary will come of the books after this coming season, so that'll be another $6.15M of cap space for Brees' contract. The Saints could also try to get him to sign an extension with a restructure, which could keep him with the Saints for couple of additional seasons while bringing down his cap hit for this coming season. The bottom line is that there are ways of making Brees' contract work even if he is given the highest overall value contract in the NFL and a big amount of guaranteed money to go along with it - it's all about the structuring of his contract and of all the other players' contracts in relation to his annual cap hits. Danno likes this.
	"I'm not bashing people, I'm bashing their opinions because in my opinion their opinion is wrong" - Danno

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