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First national bank of _________ (restructure mechanics)
this is a discussion within the Saints Community Forum; Thanks for the post Oak.....I always wondered how the restructuring actually worked and why a player would do that. Makes a lot more sense now!...
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02-18-2014, 03:34 PM
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#11 |
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Site Donor 2014
Join Date: Sep 2011
Location: Edmonton, Canada
Posts: 785
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Re: First national bank of _________ (restructure mechanics)
Thanks for the post Oak.....I always wondered how the restructuring actually worked and why a player would do that. Makes a lot more sense now!
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02-18-2014, 04:32 PM
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#12 |
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10000 POST CLUB
Join Date: Dec 2009
Location: Cypress Tx.
Posts: 19,027
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Re: First national bank of _________ (restructure mechanics)
I know it's not easy to follow for some but in a nutshell.
You have 9 million in Salary this year. I'm going to give you 8m now up front and pay you 1m in salary if you sign this paper adding 2 years and 7m to your contract. Agent gets his cut so he is fine with it. |
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02-18-2014, 08:18 PM
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#13 |
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Bounty Money $$$
Join Date: Oct 2008
Location: 5800 Airline Dr. Metairie, LA.
Posts: 24,073
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Re: First national bank of _________ (restructure mechanics)
Loomis has a tendency to over value some players I think. But if Benson is willing to spend the $ more power to you Mickey.
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