Saints Restructure Lewis' Contract
 

The New Orleans Saints have restructured cornerback Keenan Lewis' contract, according to a source, as the Saints are near the salary cap ceiling.

The Saints shifted some money around for Lewis to give the team $1.2 million in cap savings in 2014 and $1 million in savings for 2015. The team turned $2.1 million into bonus money in 2014 to spread the cap hit.

New Orleans Saints restructure contract of cornerback Keenan Lewis | NOLA.com



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Re: Saints Restructure Lewis' Contract
 

Making money for graham, expect a couple more restructures

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?

Re: Saints Restructure Lewis' Contract
 

One way or another he gets his money.

Re: Saints Restructure Lewis' Contract
 

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.

Re: Saints Restructure Lewis' Contract
 

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).

Re: Saints Restructure Lewis' Contract
 

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.

SFIAH

Re: Saints Restructure Lewis' Contract
 

We already have the money for Graham so that's not what it is. I expect another signing is on the horizon.

Re: Saints Restructure Lewis' Contract
 

Good.
Grubbs, Evans and Bunkley on the horizon

Re: Saints Restructure Lewis' Contract
 

Amen - Lewis, like Strief is willing to work with the system to make a winner
good character goes a long way

Now if Drew would take the hit next year

maybe another FA in the wings wide receiver?

Loomis knows exactly what he is doing, he's just lining it up

Re: Saints Restructure Lewis' Contract
 

OK, now he's just showing off!


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Re: Saints Restructure Lewis' Contract
 

Every time this happens, remember its not Loomis, its hot chick MOJO :)

Re: Saints Restructure Lewis' Contract
 

Loomis is the man. This is why I don't ever bother participating in any off season sky is falling threads. Between this and last year I don't see how anyone can doubt him anymore.

Re: Saints Restructure Lewis' Contract
 

Even with out a long term deal for Graham, we need space for draft picks etc..

Re: Saints Restructure Lewis' Contract
 

Lewis is great and I'm glad we have him for six years. Keep them coming Mickey.

Re: Saints Restructure Lewis' Contract
 

Im loving Lewis. I cant wait to see our defense next year. I never thought it would be the offense I would be concerned about.