Jahri Evans Restructures Contract
 

#Saints restructured deal with G Jahri Evans
@MikeTriplett: #Saints have also restructured deal with G Jahri Evans, agent Jerrold Colton confirmed.

We already told you about the contract restructure for New Orleans guard Ben Grubbs and the fact that linebacker David Hawthorne also has reworked his deal to give the Saints some salary-cap room.

Well, they’ve done even more.

http://atssportsblog.com/wp-content/...JahriEvans.jpg

According to a league source, guard Jahri Evans has restructured his contract to free up $3.12 million in cap space. The Saints gave Evans a $4.16 signing bonus up front, but dropped his base salary from $7.2 million to $3.04 million.

Evans had been scheduled to have a $9.86 million cap figure. But the restructure drops that figure to $6.74 million. There also has been a report that receiver Marques Colston has restructured his contract.

Re: Jahri Evans Restructures Contract
 

YES!!!!

Love this!

Team is coming together!!

F YOU ROGER

Re: Jahri Evans Restructures Contract
 

Loomis is butter, 'cause he's on a roll!!!




http://blog.irondj.net/wp-content/up.../06/Cheesy.png

Re: Jahri Evans Restructures Contract
 

Saves 3.12 million towards cap

Re: Jahri Evans Restructures Contract
 

I'm liking all of this!

Re: Jahri Evans Restructures Contract
 

Man Lommis is working overtime I just have one question whats taking so long for Vilma and Smith to get back with the team to restructure there contracts. I'm just saying there's guys who I didn't think they was going to ask but Vilma and Smith knew the team was coming to them to restructure ther contract.

Re: Jahri Evans Restructures Contract
 

IMO the longer they wait to answer back to the Loomis, the sooner it comes to them getting cut

Re: Jahri Evans Restructures Contract
 

The guys today were restructures, which players like and are eager to accomodate.

Smith and Vilma are re-negotiations involving huge paycuts. Players and agents no likey.

Re: Jahri Evans Restructures Contract
 

OK. So, that's about $8M in cap savings from Grubbs, Evans and Hawthorne, along with Colston's $3M or so... about $11M to $12M in cap savings ain't a half bad result for a days job.

:smokin:

Re: Jahri Evans Restructures Contract
 

Thanks for explaining that Danno

Re: Jahri Evans Restructures Contract
 

Another good move

Re: Jahri Evans Restructures Contract
 

I like it in the short perspective. Helps us tremendously this year. I'm just afraid we are pushing the problem forward.

Re: Jahri Evans Restructures Contract
 

That's my first impression about all this. I'm glad that it helps now, but we kinda knew this was coming at some point. Nothing seems to have changed in terms of the future problems.

I guess the more passive among Saints fans would say we'll cross that bridge when we get to it. But I think I'd rather let a guy go here, and another go there, over the next couple seasons until we can get our cap number straightened out, instead of getting buried in a couple of seasons. We can slowly replace guys over time. What's happening right now feels somewhat like a Kamikaze mission, though I'm pretty sure they have at least some long term plan in those brains of theirs.

Someone said not to worry, Loomis can work magic. It's all in how you structure it, and the scenarios are endless.

Re: Jahri Evans Restructures Contract
 

Thanks Jahri..........now go deposit that fat check in the bank and get ready to play some football.

Re: Jahri Evans Restructures Contract
 

And those people don't understand anything about contracts. Loomis is no magician. This is simply the only option he has. This is not a fix, by any means. I don't blame him for doing this, but it's only a band-aid.

Contracts work anyway you want them to work. There is nothing magical about that.

Getting around the salary cap is another story, and Loomis is very good at that.

Re: Jahri Evans Restructures Contract
 

I agree that Loomis is very good. However, you can't just make a contract work however you want it to. These players aren't actually taking less money, they're just pushing their salary forward, as Crusader put it earlier. You can't make a player take less money, unless he's a lesser or aging player whom you have leverage against (i.e, Will Smith and Jon Vilma). So while you may be able to restructure in a number of ways and get around things for a while, you eventually have to take on the problem.

If they were doing what the Patriots did with Brady, extending the years and spreading out the money, then you'd actually be saving money. Brady is not losing any money, but the team is better off. But you can't just willy nilly extend contracts to just anyone, to save money. Therefore it remains to be seen how this works out long term. I'm not at all panicked about it, but I am a bit concerned. We shall see. For now, it's good.

Re: Jahri Evans Restructures Contract
 

And that's why we've seen only proven commodities who are expected to remain effective throughout their contracts get restructures - that in itself does limit the risk involved quite a bit.

Re: Jahri Evans Restructures Contract
 

No, you kinda missed my point. I'm saying extending contracts (such as the Brady extension) and spreading out the money over a longer period of time, thus making the annual cap hit lower, is a good move but not something you can do with just anyone.

The Saints are NOT extending any of these contracts, because none of these guys (except for maybe Evans) is a franchise type player. Thus we're not saving money long term. Only short term. That's my point. There are people who seem to have the impression that we're off the hook, but as of now, we're just getting by.

Re: Jahri Evans Restructures Contract
 

Loomis will deal with that when the time comes, for now he got the team close to under the cap without having to break the team up

Re: Jahri Evans Restructures Contract
 

No, you kinda missed my point. ;-)

What I was trying to say was that there's very little reason to be concerned about these restructures and their effect in the long term, because they were given to players who more than likely will be with the team for the duration of their contracts and playing at high levels, which justifies their higher base salaries towards the end of their contract. If restructures were given to players who weren't as likely to be playing out their contracts; there'd be a much bigger risk for the Saints to be on the hook for "dead money" on those players' contracts.

My point was that giving these guys the restructures was justified under the current circumstances; restructures which turn base salary into guaranteed bonuses are also something can't just do "willy nilly" with just anyone.

Re: Jahri Evans Restructures Contract
 

Fin, I appreciate your point and don't disagree at all. But that is not what I'm talking about. I got what you were saying the first time, but it had nothing to do with my point, with all due respect.

I stated that I understand why Loomis is doing this. He really had no choice. It's good for now. My point is not about "dead" money. When I said you can't extend contracts "willy nilly", I meant that we didn't have any players aside from Drew who we could really entertain the idea of doing that with to save money. Extending the years and lessening the annual salary would be ideal, but not every player is willing to do that, and most aren't worth the risk. So pushing the money back to deal with later is all Loomis can really do. I'm not saying that money will be dead. It could become dead if we tried to extend these guys . But what I'm saying is that eventually we have to take on all these NOW BACKLOADED contracts.

When that time comes, I don't think we'll be able to restructure again. Because these players are all at or around the age where they won't have much value left at the end of their contracts. I'm simply pointing out that this is not getting rid of the problem. I'm not arguing with what Loomis is doing. I am also not saying that we won't eventually get it all worked out. I'm just curious as to what the plan is for the future. Teams do make mistakes from time to time, so I don't think it's out of line to question them every now and then.

Re: Jahri Evans Restructures Contract
 

I think it should be pointed out that Loomis has Front-loaded a lot of his contracts over the last several years. Probably intentionally to enable these sorts of "adjustments" year to year without having that giant Balloon Payment due in a few years (Brees' contract obviously wasn't one of them).

There are several big contracts that will be expiring over the next couple of years, Smith, Vilma, Jenkins, Harper, Sproles, PT, Greer.

I'd imagine every one of these guys will make much much less on their next contract.

Re: Jahri Evans Restructures Contract
 

An expiring contract doesn't hurt. A boat load of backloaded expiring contracts becomes tricky, because once you've deferred a player's salary once, it's difficult to do it again without extending the contract. Which brought about my point of these players not being likely candidates for extensions. Lofton might be, and Hawthorne if he gets healthy and starts to show something, could be a possibility. Obviously you can always tweak contracts a little, but considering how much has already been done, I don't know how much more can be done to make a difference. It will be interesting to say the least.