Saints to ask Vilma and Smith to restructure

Danno · 02-18-2013, 08:42 AM

Originally Posted by halloween 65

Also, might as well sign Ellis to a huge contract for all the ole gang can be here. Why not??

We aren't giving them a huge raise, we're asking them to restructure, which I hope and assume includes a reduction in yearly salary.

When we sign or draft someone better, I'm all for releasing them.

CharityMike · 02-18-2013, 10:41 AM

Originally Posted by Danno

We aren't giving them a huge raise, we're asking them to restructure, which I hope and assume includes a reduction in yearly salary.

When we sign or draft someone better, I'm all for releasing them.

Well usually when you hear "restructure", that means change the way they will get there current contract money. No way in the world is Smith worth his contract.

Now if it would have said they will be asked to take a "reduction", that would be better. The contract would still be re-dun and could have still been structured to give the majority in bonus.

Danno · 02-18-2013, 10:54 AM

Originally Posted by CharityMike

Well usually when you hear "restructure", that means change the way they will get there current contract money. No way in the world is Smith worth his contract.

Now if it would have said they will be asked to take a "reduction", that would be better. The contract would still be re-dun and could have still been structured to give the majority in bonus.

Very true. Smith only has 2 years left on his contract and the cap hit is nearly the same for each year so I don't see how restructuring helps us at all. It has to be a renegotiation or extension at a reduced price.

His 2013 cap hit is 14.5 million.
His 2014 cap hit is 13.9 million.
He's an UFA in 2015.

Simply restructuring doesn't help us at all. I suspect its an extension at a lower rate.

Vima is in the last year of his contract so a simple restructuring doesn't help anyone anywhere anyhow.

02-18-2013, 08:42 AM	#1
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,758	Re: Saints to ask Vilma and Smith to restructure Originally Posted by halloween 65 Also, might as well sign Ellis to a huge contract for all the ole gang can be here. Why not?? We aren't giving them a huge raise, we're asking them to restructure, which I hope and assume includes a reduction in yearly salary. When we sign or draft someone better, I'm all for releasing them.

02-18-2013, 10:41 AM	#2
CharityMike Site Donor 2018 Join Date: Oct 2011 Location: Mid City, New Orleans Posts: 3,556	Re: Saints to ask Vilma and Smith to restructure Originally Posted by Danno We aren't giving them a huge raise, we're asking them to restructure, which I hope and assume includes a reduction in yearly salary. When we sign or draft someone better, I'm all for releasing them. Well usually when you hear "restructure", that means change the way they will get there current contract money. No way in the world is Smith worth his contract. Now if it would have said they will be asked to take a "reduction", that would be better. The contract would still be re-dun and could have still been structured to give the majority in bonus.

02-18-2013, 10:54 AM	#3
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,758	Re: Saints to ask Vilma and Smith to restructure Originally Posted by CharityMike Well usually when you hear "restructure", that means change the way they will get there current contract money. No way in the world is Smith worth his contract. Now if it would have said they will be asked to take a "reduction", that would be better. The contract would still be re-dun and could have still been structured to give the majority in bonus. Very true. Smith only has 2 years left on his contract and the cap hit is nearly the same for each year so I don't see how restructuring helps us at all. It has to be a renegotiation or extension at a reduced price. His 2013 cap hit is 14.5 million. His 2014 cap hit is 13.9 million. He's an UFA in 2015. Simply restructuring doesn't help us at all. I suspect its an extension at a lower rate. Vima is in the last year of his contract so a simple restructuring doesn't help anyone anywhere anyhow.

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