Saints restructure Lofton's deal

Danno · 02-15-2013, 05:30 PM

Originally Posted by ChrisXVI

Well it cost him a five million dollar bonus this year and spreads it out over the rest of the contract... I'd say it's respectable of him. Most players want their money now.

He gets the 5 million immediately. The team gets to spread the cap hit for the bonus over 5 years.

Benson just wrote him a 5 million dollar check which was deposited into Mr Loftons checking account before the ink dried.

And we can get 15 million more by giving Brees, Grubbs and Evans the same type of "advance".

joker-saint · 02-17-2013, 07:05 AM

Originally Posted by Danno

He gets the 5 million immediately. The team gets to spread the cap hit for the bonus over 5 years.

Benson just wrote him a 5 million dollar check which was deposited into Mr Loftons checking account before the ink dried.

And we can get 15 million more by giving Brees, Grubbs and Evans the same type of "advance".

Danno: Where can you find information like this? From what you stated it sounds like for every payout it gives the Saints that much more in salary cap. Why not pay all of the players we want to keep some up front money? Say....200 milllion dollars worth.

02-15-2013, 05:30 PM	#1
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,756	Re: Saints restructure Lofton's deal Originally Posted by ChrisXVI Well it cost him a five million dollar bonus this year and spreads it out over the rest of the contract... I'd say it's respectable of him. Most players want their money now. He gets the 5 million immediately. The team gets to spread the cap hit for the bonus over 5 years. Benson just wrote him a 5 million dollar check which was deposited into Mr Loftons checking account before the ink dried. And we can get 15 million more by giving Brees, Grubbs and Evans the same type of "advance".

02-17-2013, 07:05 AM	#2
joker-saint 100th Post Join Date: Jan 2004 Posts: 382 Blog Entries: 12	Re: Saints restructure Lofton's deal Originally Posted by Danno He gets the 5 million immediately. The team gets to spread the cap hit for the bonus over 5 years. Benson just wrote him a 5 million dollar check which was deposited into Mr Loftons checking account before the ink dried. And we can get 15 million more by giving Brees, Grubbs and Evans the same type of "advance". Danno: Where can you find information like this? From what you stated it sounds like for every payout it gives the Saints that much more in salary cap. Why not pay all of the players we want to keep some up front money? Say....200 milllion dollars worth.

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