Saints restructure Lofton's deal

Attached Thumbnails · 02-15-2013, 05:12 PM

Thanks Curtis for helping the team out! This clears up about four million of cap space.

Saints create some cap room by restructuring Lofton deal | ProFootballTalk

DemonicSaint · 02-15-2013, 05:17 PM

Thanks Lofton for caring about our team with the cap situation. Looks like Loomis is working his freaky voodoo magic again!

FinSaint · 02-15-2013, 05:21 PM

Moving the problems couple of years forward, but nevertheless, this is what is needed at the moment to get under the cap and free up some money to sign FAs.

xan · 02-15-2013, 05:51 PM

Of course he's willing to make the change. It cost him nothing to do so.

Creative Accounting strikes again.

alleycat_126 · 02-15-2013, 05:53 PM

Shows he's willing to do what it takes to win, big time move..... Loomis bout to start doin work......

ChrisXVI · 02-15-2013, 06:06 PM

Originally Posted by xan

Of course he's willing to make the change. It cost him nothing to do so.

Creative Accounting strikes again.

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.

saintfan · 02-15-2013, 06:17 PM

Championship!

Danno · 02-15-2013, 06:30 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".

ChrisXVI · 02-15-2013, 07:04 PM

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!"

jnormand · 02-15-2013, 08:08 PM

Curtis wants to win. And he can't win without a team.

02-15-2013, 05:12 PM	#1
Threaded by ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482 Rating: (0 votes - average) Thanks Curtis for helping the team out! This clears up about four million of cap space. Saints create some cap room by restructuring Lofton deal \| ProFootballTalk Attached Thumbnails RockyMountainSaint, jeanpierre and kcsaints like this. Last edited by papz; 02-16-2013 at 03:09 AM..
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02-15-2013, 05:17 PM	#2
DemonicSaint Registered Join Date: Feb 2013 Location: Las Vegas, NV Posts: 81	Re: Saints restructure Lofton's deal Thanks Lofton for caring about our team with the cap situation. Looks like Loomis is working his freaky voodoo magic again! RockyMountainSaint, Ashley, QBREES9 and 1 others like this.

02-15-2013, 05:21 PM	#3
FinSaint Site Donor 2015 Join Date: Aug 2011 Location: Finland... formerly Southern Virginia Posts: 4,961	Re: Saints restructure Lofton's deal Moving the problems couple of years forward, but nevertheless, this is what is needed at the moment to get under the cap and free up some money to sign FAs. RockyMountainSaint likes this.

02-15-2013, 05:51 PM	#4
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 Of course he's willing to make the change. It cost him nothing to do so. Creative Accounting strikes again. RockyMountainSaint likes this.

02-15-2013, 05:53 PM	#5
alleycat_126 1000 Posts + Join Date: Jan 2007 Location: Katy, Tx a suburb of Houston Posts: 2,089	Re: Saints restructure Lofton's deal Shows he's willing to do what it takes to win, big time move..... Loomis bout to start doin work......

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02-15-2013, 06:06 PM	#6
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Saints restructure Lofton's deal Originally Posted by xan Of course he's willing to make the change. It cost him nothing to do so. Creative Accounting strikes again. 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.

02-15-2013, 06:17 PM	#7
saintfan Donated Plasma Join Date: Jul 2002 Location: San Francisco, CA Posts: 18,556 Blog Entries: 5	Re: Saints restructure Lofton's deal Championship! RailBoss likes this.

02-15-2013, 06:30 PM	#8
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,720	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".

02-15-2013, 07:04 PM	#9
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Saints restructure Lofton's deal 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!" Danno and xan like this.

02-15-2013, 08:08 PM	#10
jnormand 5000 POSTS! + Join Date: Sep 2003 Location: The Free State of Idaho Posts: 5,661	Re: Saints restructure Lofton's deal Curtis wants to win. And he can't win without a team. UK_WhoDat and foreverfan like this.

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