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Saints Restructure Lewis' Contract

this is a discussion within the Saints Community Forum; I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?...

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Old 03-20-2014, 12:01 PM   #1
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Re: Saints Restructure Lewis' Contract

I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
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Old 03-20-2014, 12:17 PM   #2
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Re: Saints Restructure Lewis' Contract

Originally Posted by stickman View Post
I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
Fantastic,you are getting paid more in guaranteed money and a signing bonus.More cash into the pocket quickly.If a player is clever and has a good agent then that lump sum of money is making more money.
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Old 03-20-2014, 12:17 PM   #3
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Re: Saints Restructure Lewis' Contract

Originally Posted by stickman View Post
I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
I've wondered that same thing. I figure it must not be too bad since Loomis does it all the time, everybody signs and nobody complains (publicly at least).
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Old 03-20-2014, 12:19 PM   #4
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Re: Saints Restructure Lewis' Contract

Originally Posted by stickman View Post
I wonder how it feels signing a contract with a team knowing they are just going to redo it in as a season or two?
It's more than that. Every big money contract in the NFL is signed with the expectation that the contract will not be completed as written. Backloading gives a balance point between the team, who wants to spread the cap hit over the long term, and the player, who wants his money up front. There's always a point somewhere in the middle of the contract where it's cheaper to get rid of the player than to continue to pay. At that point, restructuring happens where the player gets some more up front money from that back end in trade for lowering the cap hit of the balloon payments on the back end of the contract.

Note that in every restructure, including this one, the player gets money on the spot. So from the player standpoint it's always getting more money now instead of hoping to be around long enough to get it later.

So it probably feels pretty good to know as a player that you're playing well enough that the team wants to keep you and wants put more money up front where their mouth is.

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