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Contract details on Zach Strief, Erik Lorig

this is a discussion within the Saints Community Forum; Below are the details on the New Orleans’ Saints new contracts with offensive tackle Zach Strief (five years, $20 million) and fullback Erik Lorig (four years, $4.8 million), according to ESPN Stats & Information. Both deals are salary-cap friendly in ...

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Old 03-19-2014, 10:37 PM   #1
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Contract details on Zach Strief, Erik Lorig

Below are the details on the New Orleans’ Saints new contracts with offensive tackle Zach Strief (five years, $20 million) and fullback Erik Lorig (four years, $4.8 million), according to ESPN Stats & Information.

Both deals are salary-cap friendly in the first two years, but neither is heavily back loaded. Strief is guaranteed $8.4 million during the first two years. After that the team will have to make a decision if he’s worth a combined $3.5 million in salary and bonuses in 2016 – which he will be if he continues to play at his current level.

STRIEF:
Signing bonus: $5.5 million.
2014: Base salary $900,000. Salary-cap cost $2 million.
2015: Base salary $2 million, workout bonus $100,000. Salary-cap cost $3.2 million.
2016: Base salary $1 million, roster bonuses $2.4 million, workout bonus $100,000. Salary-cap cost $4.6 million.
2017: Base salary $1 million, roster bonuses $2.9 million, workout bonus $100,000. Salary-cap cost $5.1 million.
2018: Base salary $1 million, roster bonuses $2.9 million, workout bonus $100,000. Salary-cap cost $5.1 million.

LORIG:
Signing bonus: $1 million.
2014: Base salary $750,000, workout bonus $50,000. Salary-cap cost $1.05 million.
2015: Base salary $750,000, workout bonus $50,000. Salary-cap cost $1.05 million.
2016: Base salary $900,000, roster bonus $100,000, workout bonus $50,000. Salary-cap cost $1.3 million.
2017: Base salary $950,000, roster bonus $150,000, workout bonus $50,000. Salary-cap cost $1.4 million.

Contract details on Zach Strief, Erik Lorig - New Orleans Saints Blog - ESPN

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Old 03-19-2014, 10:59 PM   #2
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Re: Contract details on Zach Strief, Erik Lorig

Not bad for either
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Old 03-19-2014, 11:08 PM   #3
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Re: Contract details on Zach Strief, Erik Lorig

Loomis is the man!

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Old 03-20-2014, 02:19 AM   #4
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Re: Contract details on Zach Strief, Erik Lorig

Those are bargains on both accounts. Strief's deal being so backloaded doesn't even matter that much even if he plays out the contract, because by 2016 the salary cap will be at $160 million or more.
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Old 03-20-2014, 05:30 AM   #5
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Re: Contract details on Zach Strief, Erik Lorig

Think Jimmy will be as loyal as Strief?
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Old 03-20-2014, 11:54 AM   #6
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Re: Contract details on Zach Strief, Erik Lorig

I thought Lorig was strictly a cost saving signing, but Collins deal with the Lions is $300,000 less
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