Saints restructure Lofton's deal

02-15-2013, 08:08 PM

I love this guy!

xan · 02-15-2013, 09:57 PM

Originally Posted by ChrisXVI

Thanks Danno... I'll admit I don't understand all of the in's and out's of these restructure deals so I'm a little ignorant in regard to that. I apologize to Xan, you were right and I tried to correct you. Either way, "All Hail Loomis!"

No worries. I'm wrong so often, it's a pleasant surprise to be right.

RailBoss · 02-15-2013, 10:39 PM

Lofton has been a good trade for us.

NuNu318 · 02-15-2013, 11:25 PM

The fact that he signed that contract just last offseason and he was willing to restructure the year after says a lot. Good team guy. But at the same time I think Loomis uses this strategy with most of his signings. Thats why I'm never really nervous about out money situation.

He's pretty much just turning their bonuses into their base salary and spreading it out thru the length of the contract and taking the larger number (which is the base salary) and giving it to them up front as a bonus. Guys aren't going to turn down a 5-6mil check being deposited in the bank before they step on the field that season.

It seems like he structures all contracts in a way that allows him to do this. Therefore giving him a way to get under the cap when he needs to. His strategy is great and most GMs still haven't mastered it the way he has.

The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.

QBREES9 · 02-16-2013, 01:05 AM

Thanks ! You are a Saint.

228jits · 02-16-2013, 03:05 AM

Originally Posted by NuNu318

The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.

I was talking about this tonight. I think it was in the books already when Drew first signed the deal. It makes everyone look great when they do these kind of deals. Loomis is really 5 years ahead when he lays contracts out. Too bad he can't predict when players over achieve and have to put out more than expected a la Carl Nicks.

hagan714 · 02-16-2013, 08:00 AM

and so it starts. you go mickey you go

SmashMouth · 02-16-2013, 10:14 AM

The chess game had begun!

st thomas · 02-16-2013, 10:56 AM

Curtis smells something fishy. Its a championshipo

FinSaint · 02-16-2013, 11:38 AM

Originally Posted by NuNu318

The fact that he signed that contract just last offseason and he was willing to restructure the year after says a lot. Good team guy. But at the same time I think Loomis uses this strategy with most of his signings. Thats why I'm never really nervous about out money situation.

He's pretty much just turning their bonuses into their base salary and spreading it out thru the length of the contract and taking the larger number (which is the base salary) and giving it to them up front as a bonus. Guys aren't going to turn down a 5-6mil check being deposited in the bank before they step on the field that season.

It seems like he structures all contracts in a way that allows him to do this. Therefore giving him a way to get under the cap when he needs to. His strategy is great and most GMs still haven't mastered it the way he has.

The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.

Yeah, but as great as it is at times when they announce something like this, this type of a strategy also has a very negative side to it. Pushing most of the big money by restructures to the latter years of players' contract will inevitably create situations like the Saints are now with Smith, where his cap number for next season will be about $14M, and the Saints will end up burning cap room whatever they decide to do with his contract.

I'm not saying I don't approve of Loomis' tactics, just that there are negatives to it, like there are virtually with every tactic you could come up with.

02-15-2013, 08:08 PM	#11
Threaded by saintsfan403 1000 Posts + Join Date: Sep 2012 Location: WHO DAT NATION Posts: 2,261 Rating: (0 votes - average) I love this guy!
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02-15-2013, 09:57 PM	#12
xan Professor Crab and Site Donor 2014 Join Date: Oct 2004 Location: Princeton Posts: 3,369 Blog Entries: 34	Re: Saints restructure Lofton's deal Originally Posted by ChrisXVI Thanks Danno... I'll admit I don't understand all of the in's and out's of these restructure deals so I'm a little ignorant in regard to that. I apologize to Xan, you were right and I tried to correct you. Either way, "All Hail Loomis!" No worries. I'm wrong so often, it's a pleasant surprise to be right. ChrisXVI likes this.

02-15-2013, 10:39 PM	#13
RailBoss 5000 POSTS! + Join Date: Dec 2004 Location: South Of The Mason Dixon Line Posts: 7,113	Re: Saints restructure Lofton's deal Lofton has been a good trade for us.

02-15-2013, 11:25 PM	#14
NuNu318 100th Post Join Date: Mar 2012 Location: VA Posts: 465	Re: Saints restructure Lofton's deal The fact that he signed that contract just last offseason and he was willing to restructure the year after says a lot. Good team guy. But at the same time I think Loomis uses this strategy with most of his signings. Thats why I'm never really nervous about out money situation. He's pretty much just turning their bonuses into their base salary and spreading it out thru the length of the contract and taking the larger number (which is the base salary) and giving it to them up front as a bonus. Guys aren't going to turn down a 5-6mil check being deposited in the bank before they step on the field that season. It seems like he structures all contracts in a way that allows him to do this. Therefore giving him a way to get under the cap when he needs to. His strategy is great and most GMs still haven't mastered it the way he has. The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there.

02-16-2013, 01:05 AM	#15
QBREES9 Moderator Join Date: Sep 2007 Location: New Haven Ct Posts: 23,985	Re: Saints restructure Lofton's deal Thanks ! You are a Saint.

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02-16-2013, 03:05 AM	#16
228jits Southern Sooner Join Date: Mar 2012 Location: Gulfcoast, MS Posts: 83	Re: Saints restructure Lofton's deal Originally Posted by NuNu318 The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there. I was talking about this tonight. I think it was in the books already when Drew first signed the deal. It makes everyone look great when they do these kind of deals. Loomis is really 5 years ahead when he lays contracts out. Too bad he can't predict when players over achieve and have to put out more than expected a la Carl Nicks.

02-16-2013, 08:00 AM	#17
hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68	Re: Saints restructure Lofton's deal and so it starts. you go mickey you go

02-16-2013, 10:14 AM	#18
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,125 Blog Entries: 29	Re: Saints restructure Lofton's deal The chess game had begun!

02-16-2013, 10:56 AM	#19
st thomas Site Donor 2018 Join Date: Dec 2009 Location: lafayette Posts: 7,753	Re: Saints restructure Lofton's deal Curtis smells something fishy. Its a championshipo

02-16-2013, 11:38 AM	#20
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,961	Re: Saints restructure Lofton's deal Originally Posted by NuNu318 The fact that he signed that contract just last offseason and he was willing to restructure the year after says a lot. Good team guy. But at the same time I think Loomis uses this strategy with most of his signings. Thats why I'm never really nervous about out money situation. He's pretty much just turning their bonuses into their base salary and spreading it out thru the length of the contract and taking the larger number (which is the base salary) and giving it to them up front as a bonus. Guys aren't going to turn down a 5-6mil check being deposited in the bank before they step on the field that season. It seems like he structures all contracts in a way that allows him to do this. Therefore giving him a way to get under the cap when he needs to. His strategy is great and most GMs still haven't mastered it the way he has. The biggest coup of all is if he can get Drew to restructure his deal....Drew's restructuring alone will make the biggest dent in that 20mil cap overage. His can make it much easier to get under and then some to possibly have enough make a run at some good Defensive FA's out there. Yeah, but as great as it is at times when they announce something like this, this type of a strategy also has a very negative side to it. Pushing most of the big money by restructures to the latter years of players' contract will inevitably create situations like the Saints are now with Smith, where his cap number for next season will be about $14M, and the Saints will end up burning cap room whatever they decide to do with his contract. I'm not saying I don't approve of Loomis' tactics, just that there are negatives to it, like there are virtually with every tactic you could come up with.
	"I'm not bashing people, I'm bashing their opinions because in my opinion their opinion is wrong" - Danno

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