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-   -   Bunkley Restructures, paycut (https://blackandgold.com/saints/65407-bunkley-restructures-paycut.html)

Jack Vegas 04-09-2014 04:00 PM
Re: Bunkley Restructures, paycut
 
Quote:
Originally Posted by NewDeal (Post 587891)
Big pay cut. He must want that championship.
He's still getting his money upfront, it's just not part of his base salary anymore. He's taking $2.85 million lump sum as signing bonus. I wouldn't mind having those kinds of headaches.

ScottF 04-09-2014 04:02 PM
Re: Bunkley Restructures, paycut
 
a little more info:
New Orleans Saints restructure defensive tackle Brodrick Bunkley's contract | NOLA.com

Boutte 04-09-2014 04:02 PM
Re: Bunkley Restructures, paycut
 
Glad we worked something out. Bunkley is a very good NT.

Jack Vegas 04-09-2014 04:06 PM
Re: Bunkley Restructures, paycut
 
also, Bunkley knows that if he didn't restructure he ran a pretty big risk of being a June 1 cut, and the way things are for veterans anymore, there's no way he was going to get anything close to 4.4 million/year on the open market.

The tradeoff for the Saints of course is that they are basically committed to him for at least 2015, since they can't restructure two years in a row and cutting him would be a massive dead money hit.

ChrisXVI 04-09-2014 04:11 PM
Re: Bunkley Restructures, paycut
 
Quote:
Originally Posted by Jack Vegas (Post 587904)
He's still getting his money upfront, it's just not part of his base salary anymore. He's taking $2.85 million lump sum as signing bonus. I wouldn't mind having those kinds of headaches.

No... He's only getting a $300,000 signing bonus. It was a true pay cut.

ScottF 04-09-2014 04:12 PM
Re: Bunkley Restructures, paycut
 
Quote:
Originally Posted by Jack Vegas (Post 587907)
also, Bunkley knows that if he didn't restructure he ran a pretty big risk of being a June 1 cut, and the way things are for veterans anymore, there's no way he was going to get anything close to 4.4 million/year on the open market.

The tradeoff for the Saints of course is that they are basically committed to him for at least 2015, since they can't restructure two years in a row and cutting him would be a massive dead money hit.
look at it this way- he was due $5 mill for 2014, and cutting him would have left us a a $5 million dollar hole and no player. That money was gone either way

This way we have money now, and taking a three year average, he now makes $3.5 mill annually

foreverfan 04-09-2014 04:12 PM
Re: Bunkley Restructures, paycut
 
Quote:
Originally Posted by dizzle88 (Post 587892)
Glad he's a team player...
Talk about break the bank.... Hear that Drew.... :help::love:

Jack Vegas 04-09-2014 04:24 PM
Re: Bunkley Restructures, paycut
 
Quote:
Originally Posted by ChrisXVI (Post 587908)
No... He's only getting a $300,000 signing bonus. It was a true pay cut.
That's a roster bonus, not his full signing bonus. If I have it figured right the entirety of his signing bonus would be something in the neighborhood of 2.2 million.

You can't just cut people's salary. Base salary is guaranteed. They can restructure it into signing bonus, but you can't just say "you're taking 2.85 million dollars less this year". It's not allowed.

blackangold 04-09-2014 04:29 PM
Re: Bunkley Restructures, paycut
 
LOOOOMISSSS you did it AGAAAAIN........

lol

Failcants cry more

ChrisXVI 04-09-2014 04:32 PM
Bunkley Restructures, paycut
 
Quote:
Originally Posted by Jack Vegas (Post 587916)
That's a roster bonus, which is part of his base salary. Not the signing bonus.

Edit... Never mind.


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