Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints

Saints restructure Lofton's deal

this is a discussion within the Saints Community Forum; Originally Posted by FinSaint 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 ...

Like Tree20Likes

Closed Thread
 
LinkBack Thread Tools Display Modes
Old 02-16-2013, 12:31 PM   #1
100th Post
 
Join Date: Mar 2012
Location: VA
Posts: 465
Re: Saints restructure Lofton's deal

Originally Posted by FinSaint View Post
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 get what your saying but at the same time. Next season his cap number is 14mil. But they have the option to release him, which is very likely because his production is not there and his age has caught up, they can simply release him lowering that cap number to 4mil instead of 14mil. Because you save 10mil by cutting him.

Loomis continues to push that cap number back to the later years because if you think about it most of these guys don't even get to the last 2 years of there contract unless they're a elite QB. And they make it up to the players by giving them those bonuses. And even if the Saints feel like they want to still keep a guy like Smith who's value on the market will not compare to what it would be if he were still under his original contract, they can release him trim 10mil off the cap and let him hit the market, offer him a new lower priced contract and if he feels like he can get more else where you're not really losing out because it not you're losing a key part of your team at this point of his career.
NuNu318 is offline  
Old 02-16-2013, 01:32 PM   #2
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 View Post
I get what your saying but at the same time. Next season his cap number is 14mil. But they have the option to release him, which is very likely because his production is not there and his age has caught up, they can simply release him lowering that cap number to 4mil instead of 14mil. Because you save 10mil by cutting him.

Loomis continues to push that cap number back to the later years because if you think about it most of these guys don't even get to the last 2 years of there contract unless they're a elite QB. And they make it up to the players by giving them those bonuses. And even if the Saints feel like they want to still keep a guy like Smith who's value on the market will not compare to what it would be if he were still under his original contract, they can release him trim 10mil off the cap and let him hit the market, offer him a new lower priced contract and if he feels like he can get more else where you're not really losing out because it not you're losing a key part of your team at this point of his career.

But my point was that by restructuring Smith's contract last offseason the Saints are now out $4M at the least if they decide to release Smith. Now, $4M out of a $121M salary cap might not sound that much, but every dollar counts and you can get a really good player for $4M. And then when you multiply this situation - as in more player contracts than just one - you can find yourself quickly in a place where you're either fielding a team having an overpaid nucleus with diminishing skills supported by second hand talent or a team that is having millions taken from its salary cap annually because it has to release players with huge prorated signing bonuses on their contracts and again not having the money to sign/re-sign truly talented players at their prime.

Again, I'm not saying Loomis is doing things wrong - just reminding that there's a downside to all of this as well.
Rugby Saint II likes this.

"I'm not bashing people, I'm bashing their opinions because in my opinion their opinion is wrong" - Danno
FinSaint is offline  
Old 02-16-2013, 08:26 PM   #3
Bounty Money $$$
 
Join Date: Oct 2008
Location: 5800 Airline Dr. Metairie, LA.
Posts: 24,153
Re: Saints restructure Lofton's deal

Originally Posted by FinSaint View Post
But my point was that by restructuring Smith's contract last offseason the Saints are now out $4M at the least if they decide to release Smith. Now, $4M out of a $121M salary cap might not sound that much, but every dollar counts and you can get a really good player for $4M. And then when you multiply this situation - as in more player contracts than just one - you can find yourself quickly in a place where you're either fielding a team having an overpaid nucleus with diminishing skills supported by second hand talent or a team that is having millions taken from its salary cap annually because it has to release players with huge prorated signing bonuses on their contracts and again not having the money to sign/re-sign truly talented players at their prime.

Again, I'm not saying Loomis is doing things wrong - just reminding that there's a downside to all of this as well.
I couldn't agree more! Most folks don't understand this.
Rugby Saint II is offline  
Closed Thread


Posting Rules

LinkBacks (?)
LinkBack to this Thread: https://blackandgold.com/saints/55539-saints-restructure-loftons-deal.html
Posted By For Type Date Hits
Saints restructure Lofton's deal This thread Refback 02-15-2013 05:08 PM 14
The Latest New Orleans Saints News | SportSpyder This thread Refback 02-15-2013 04:14 PM 8


All times are GMT -5. The time now is 10:47 AM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts