Saints restructure Hawthorne's deal
 

The New Orleans Saints are continuing to work toward getting under the salary cap. In addition to the contract restructure for guard Ben Grubbs that we already told you about, they made another move.

The Saints have cleared an additional $2.05 million in cap space by restructuring the contract of linebacker David Hawthorne, according to a league source.

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Hawthorne had been scheduled to receive a $3 million roster bonus on the third day of the league year. But the Saints erased that by giving Hawthorne a $3 million signing bonus on Tuesday. Instead of having the scheduled roster bonus all count toward this year’s cap figure, the signing bonus allows the $3 million to be spread out over the life of Hawthorne’s contract.

Hawthorne’s cap figure has dropped from $4.76 million to $2.51 million.

Saints restructure Hawthorne's deal - NFC South Blog - ESPN

Re: Saints restructure Hawthorne's deal
 

Was it a friggin group restructure meeting? Donuts, coffee, bran muffins and everything?

Wow.

Re: Saints restructure Hawthorne's deal
 

Loomie and Sean trying to get some 'Bama players...:cool:

Re: Saints restructure Hawthorne's deal
 

I see your Tom Brady and I raise you 12 players!!!

Re: Saints restructure Hawthorne's deal
 

This just in...

BREAKING NEWS: Loomis just re-structured the National deficit and we're now running a $3 trillion surplus.




OK OK, this is just getting absurd. Loomis... YOU THE MAN!!!!

This also just in...


BREAKING NEWS: Loomis just re-structured "THE MAN's" contract too.

Re: Saints restructure Hawthorne's deal
 

Next man up is Brees!!!!

Re: Saints restructure Hawthorne's deal
 

Cut Will Smith and call it a day

Re: Saints restructure Hawthorne's deal
 

This is starting to look like any other financial "Bubble".
The teams are paying out guaranteed $ for the ability to win now.
If these dudes get hurt or suck, the Saints are on the hook for tons of "dead money" in their cap.
Teams are banking on the cap increasing dramatically when the new tv contract kicks in.
Are they right for gambling this way?

Re: Saints restructure Hawthorne's deal
 

The ultimate open ended question. We'll just see how this all plays out.

Re: Saints restructure Hawthorne's deal
 

And there it is do this and get all the way under the cap.

Re: Saints restructure Hawthorne's deal
 

What is the accelerated cap hit from his prorated bonus?

Re: Saints restructure Hawthorne's deal
 

There must have been a long line of players waiting outside of Loomis' office with each getting a check handed to them, much like Christmas bonuses in a company.

Re: Saints restructure Hawthorne's deal
 

Nice try. Obama would make him a 'remote-post' ambassador for even trying...

/politics

Re: Saints restructure Hawthorne's deal
 

How do you like Mickey now !!!!!

Re: Saints restructure Hawthorne's deal
 

You sound like government. The issue being that debt will be spread out over the the lifetime of human civilisation.

Re: Saints restructure Hawthorne's deal
 

[QUOTE=RockyMountainSaint;482470]This is starting to look like any other financial "Bubble".
The teams are paying out guaranteed $ for the ability to win now.
If these dudes get hurt or suck, the Saints are on the hook for tons of "dead money" in their cap.

Do you mean suck like Will Smith?;)