Saints restructure Lofton's deal

FinSaint · 02-16-2013, 10:38 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.

02-16-2013, 10:38 AM	#21
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,963	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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