02-28-2013, 07:05 AM
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#6
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Join Date: Sep 2007
Location: Mandeville, LA
Posts: 38,479
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Re: Whats the cap situation like now?
Originally Posted by TheOak
Vilma can not be restructured with out an extension, this is his last year...
Smith and Harper are in pretty much the same boat but only having 2 years left...
Restructuring requires taking salary and converting it to bonus money which is prorated for the remaining years of the contract or extension for the cap...
I believe in the case of all three their days as a Saint are numbered to the end if their existing contract.
In essence Loomis has no room to work with these guys by choice.
Well, Vilma is smarter than an amoeba. He might extend his contract and take lower overall $, with a higher bonus. I understand he wants to break into coaching anyway. Wouldn't it be a good path into the coaching fraternity?
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