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this is a discussion within the Saints Community Forum; 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 ...
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02-27-2013, 07:00 PM | #1 |
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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. 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 |
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02-27-2013, 07:03 PM | #2 |
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Re: Saints restructure Hawthorne's deal
Was it a friggin group restructure meeting? Donuts, coffee, bran muffins and everything?
Wow. |
02-27-2013, 07:04 PM | #3 |
Re: Saints restructure Hawthorne's deal
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02-27-2013, 07:09 PM | #5 |
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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. |
02-27-2013, 07:10 PM | #6 |
Re: Saints restructure Hawthorne's deal
Next man up is Brees!!!!
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02-27-2013, 07:11 PM | #7 |
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Re: Saints restructure Hawthorne's deal
Cut Will Smith and call it a day
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02-27-2013, 07:15 PM | #8 |
Mmm That Smell!
Join Date: Oct 1998
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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? |
02-27-2013, 08:06 PM | #9 |
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Re: Saints restructure Hawthorne's deal
Originally Posted by RockyMountainSaint
The ultimate open ended question. We'll just see how this all plays out.
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02-27-2013, 08:40 PM | #10 |
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Re: Saints restructure Hawthorne's deal
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Posted By | For | Type | Date | Hits |
The Latest New Orleans Saints News | SportSpyder | This thread | Refback | 02-27-2013 11:38 PM | 2 |
Saints restructure Hawthorne's deal | This thread | Refback | 02-27-2013 07:37 PM | 22 |