SAINTS SIGN BREES - 5 YEARS, 100 MILLION!!!

07-13-2012, 10:00 PM

The 40 Mil is a representation of all the 40 burgers we'll be putting up this coming year. Ha!

Euphoria · 07-13-2012, 11:28 PM

I don't think he makes it to the end of the contract.

foreverfan · 07-13-2012, 11:34 PM

Originally Posted by Euphoria

I don't think he makes it to the end of the contract.

They may renegotiate for a more friendly cap number.

QBREES9 · 07-14-2012, 12:57 AM

So the drama is over. Thank God !

SaintFanInATLHELL · 07-14-2012, 01:21 AM

Originally Posted by TheDeuce

Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap?

Late to the party. Probably answered. The signing bonus is spread out over the length of the contract. So the $37 million is spread out at $7.4 million per year. There's $3 in base the first year. So that's $10.4 million. The rest is the other guaranteed dollars which are also spread over the life of the contract.

I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract.

Drew will never get to the end of this contract. If he's still productive by year 4, it'll be restructured. If not then the Saints and Drew part ways with services rendered. That's why the structure of the contract, which virtually guarantees $55 million to be paid out in the first three year was crucial to get straight.

SFIAH

TheOak · 07-14-2012, 06:41 AM

Originally Posted by SaintFanInATLHELL

Late to the party. Probably answered. The signing bonus is spread out over the length of the contract. So the $37 million is spread out at $7.4 million per year. There's $3 in base the first year. So that's $10.4 million. The rest is the other guaranteed dollars which are also spread over the life of the contract.

Drew will never get to the end of this contract. If he's still productive by year 4, it'll be restructured. If not then the Saints and Drew part ways with services rendered. That's why the structure of the contract, which virtually guarantees $55 million to be paid out in the first three year was crucial to get straight.

SFIAH

And that being said.... It seems... After all..... Drew Brees did something that was good for the team, and the city of New Orleans. The contract is full of salary cap relief, and "outs" for the team..... I would not be completely surprised if a good % of the reason this drug out was to get the contract structuring right... This is one of the most complex structures I have seen, and both parties share the risk for the total price but also have the outs...

I don't think he should ever be doubted again.

TheOak · 07-14-2012, 06:45 AM

I envision Loomis this way: The Mick!

"yous guys sign that damn paper and get back to werk"...."Yous better eat lightnin' and crap thunder kid! "

Rugby Saint II · 07-14-2012, 01:38 PM

Did anyone ever really doubt it?

Srgt. Hulka · 07-14-2012, 02:16 PM

Originally Posted by Rugby Saint II

Did anyone ever really doubt it?

Uhh, not me...

4everSaint · 07-14-2012, 09:37 PM

C H A M P I O N S H I P !!!!!!

07-13-2012, 10:00 PM	#111
Threaded by neugey Hu Dat! Join Date: Dec 2004 Posts: 6,697 Blog Entries: 13 Rating: (2 votes - 5.00 average) The 40 Mil is a representation of all the 40 burgers we'll be putting up this coming year. Ha! foreverfan likes this.
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07-13-2012, 11:28 PM	#112
Euphoria 5000 POSTS! + Join Date: Mar 2004 Location: Hollywood, CA Posts: 7,601 Blog Entries: 5	I don't think he makes it to the end of the contract. Halo, Crusader and foreverfan like this.

07-13-2012, 11:34 PM	#113
foreverfan 12,000 BS Posts Join Date: Mar 2006 Location: Metairie, LA Posts: 13,457 Blog Entries: 5	Originally Posted by Euphoria I don't think he makes it to the end of the contract. They may renegotiate for a more friendly cap number.

07-14-2012, 01:21 AM	#115
SaintFanInATLHELL The Professor Join Date: Oct 2003 Location: Lithonia, GA Posts: 2,773	Originally Posted by TheDeuce Can somebody explain how this year's value is $40M, but he is only counting $18.6M towards the cap? Late to the party. Probably answered. The signing bonus is spread out over the length of the contract. So the $37 million is spread out at $7.4 million per year. There's $3 in base the first year. So that's $10.4 million. The rest is the other guaranteed dollars which are also spread over the life of the contract. I love Drew as much as anybody, but I hope we didn't just shackle our financial flexibility to a QB who will be 39 in the final year of his contract. Drew will never get to the end of this contract. If he's still productive by year 4, it'll be restructured. If not then the Saints and Drew part ways with services rendered. That's why the structure of the contract, which virtually guarantees $55 million to be paid out in the first three year was crucial to get straight. SFIAH Halo likes this.
	Super Bowl Championships: New Orleans Saints:1, Carolina:0, Atlanta Chokers: STILL ZERO Only Atlanta choked in an unchokable situation... Life is definitely good.

07-14-2012, 06:41 AM	#116
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,026	Originally Posted by SaintFanInATLHELL Late to the party. Probably answered. The signing bonus is spread out over the length of the contract. So the $37 million is spread out at $7.4 million per year. There's $3 in base the first year. So that's $10.4 million. The rest is the other guaranteed dollars which are also spread over the life of the contract. Drew will never get to the end of this contract. If he's still productive by year 4, it'll be restructured. If not then the Saints and Drew part ways with services rendered. That's why the structure of the contract, which virtually guarantees $55 million to be paid out in the first three year was crucial to get straight. SFIAH And that being said.... It seems... After all..... Drew Brees did something that was good for the team, and the city of New Orleans. The contract is full of salary cap relief, and "outs" for the team..... I would not be completely surprised if a good % of the reason this drug out was to get the contract structuring right... This is one of the most complex structures I have seen, and both parties share the risk for the total price but also have the outs... I don't think he should ever be doubted again. sharke likes this.

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07-14-2012, 12:57 AM	#114
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	So the drama is over. Thank God !

07-14-2012, 06:45 AM	#117
TheOak 10000 POST CLUB Join Date: Dec 2009 Location: Cypress Tx. Posts: 19,026	I envision Loomis this way: The Mick! "yous guys sign that damn paper and get back to werk"...."Yous better eat lightnin' and crap thunder kid! " Ashley and SmashMouth like this.

07-14-2012, 01:38 PM	#118
Rugby Saint II Bounty Money $$$ Join Date: Oct 2008 Location: 5800 Airline Dr. Metairie, LA. Posts: 24,052	Did anyone ever really doubt it?

07-14-2012, 02:16 PM	#119
Srgt. Hulka 1000 Posts + Join Date: Dec 2009 Location: Shreveport, LA Posts: 4,417	Originally Posted by Rugby Saint II Did anyone ever really doubt it? Uhh, not me... CharityMike likes this.

07-14-2012, 09:37 PM	#120
4everSaint 500th Post Join Date: Dec 2010 Location: Madison, MS Posts: 809	C H A M P I O N S H I P !!!!!!

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