Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

Saints save $4.8 million in cap space by converting Cam Jordan’s bonus
February 17, 2016 Joel A. Erickson

The New Orleans Saints have created $4.8 million more in cap space by converting Cam Jordan‘s $6 million roster bonus into a signing bonus, a source confirmed to The Advocate on Wednesday.

By converting Jordan’s bonus, the Saints spread the charge out over the five seasons of the contract, meaning there’s now a $1.2 million cap hit in each of the five years of the $60 million extension Jordan signed last summer.

http://image.nola.com/home/nola-medi...086-mmmain.jpg

New Orleans has made a habit of converting bonuses to create room under the cap, using the tactic

By spreading out the cap hit, Jordan’s contract should now carry cap figures of
$11.5 million in 2017,
$13.7 million in 2018,
$13.5 million in 2019
$11.1 million in 2020.

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Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

I like it.

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

So this gives us about $6.5 million in cap space without the Browner release or Brees extension I think. Making progress.

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

Brees and Byrd are next. Should get another 15 million out of that. With 18 million of the dead money freeing up next year we should have a bright future.

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

I kept saying the dead money talk meant nothing and we'd be fine.

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

Year after year people still doubt Loomis' cap skills.

We're 8 million UNDER the cap right now, and I'm sure more to come.

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

Smart move.

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

I knew this was coming. Our members have been saying this was the smart move for some time now. This is where I get my information. I love BNG :bng:

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

... Cue the FailClowns melt down on their board!!! :rofl:

Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.
 

Restructures just add future dead money potential which is how we got in this mess. Now with that being said, this actually is a really good restructure because it is a very small amount ( 1.2 mill I think) over 4 years. Just can't free up this money to blow it on another player that doesn't pan out and go through this crap again.