Register All Albums FAQ Community Experience
Go Back   New Orleans Saints Forums - blackandgold.com > Main > Saints

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

this is a discussion within the Saints Community Forum; 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 ...

Like Tree18Likes

Reply
 
LinkBack Thread Tools Display Modes
Old 02-17-2016, 10:13 AM   #1
Threaded by frydaddy
1000 Posts +
Join Date: Sep 2011
Location: Lafayette
Posts: 1,950

Blog Entries: 1
Show Printable Version Email this Page
Rating: (0 votes - average)

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.



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.

https://t.co/CXjuhbsk4E

read more on NOLA.com

Attached Thumbnails
Click image for larger version

Name:	19340086-mmmain.jpg
Views:	0
Size:	94.6 KB
ID:	11313  


Last edited by SmashMouth; 02-17-2016 at 12:20 PM..
Views: 8740
Reply With Quote
Old 02-17-2016, 11:18 AM   #2
5000 POSTS! +
 
Join Date: Feb 2013
Location: Kenner, LA
Posts: 7,848
Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.

I like it.
rezburna is offline   Reply With Quote
Old 02-17-2016, 11:28 AM   #3
10000 POST CLUB
 
Join Date: Aug 2011
Location: Madison, WI
Posts: 11,482
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.
ChrisXVI is offline   Reply With Quote
Old 02-17-2016, 11:36 AM   #4
1000 Posts +
 
Join Date: Oct 2009
Posts: 2,761
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.
voodooido is offline   Reply With Quote
Old 02-17-2016, 11:43 AM   #5
5000 POSTS! +
 
Join Date: Feb 2013
Location: Kenner, LA
Posts: 7,848
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.
st thomas likes this.
rezburna is offline   Reply With Quote
Old 02-17-2016, 11:57 AM   #6
Truth Addict
 
Join Date: Dec 2003
Location: Spanish Fort, AL (via NO and B/R)
Posts: 24,713
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.
Halo and CheramieIII like this.
Danno is offline   Reply With Quote
Old 02-17-2016, 12:16 PM   #7
Moderator
 
Join Date: Sep 2007
Location: New Haven Ct
Posts: 23,985
Re: Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space.

Smart move.
QBREES9 is offline   Reply With Quote
Old 02-17-2016, 12:24 PM   #8
Bounty Money $$$
 
Join Date: Oct 2008
Location: 5800 Airline Dr. Metairie, LA.
Posts: 24,043
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
Halo, SaintFanQ and SmashMouth like this.
Rugby Saint II is offline   Reply With Quote
Old 02-17-2016, 12:34 PM   #9
 
Join Date: Sep 2007
Location: Mandeville, LA
Posts: 38,044
Blog Entries: 29
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!!!
Halo, CheramieIII and B_Dub_Saint like this.
SmashMouth is offline   Reply With Quote
Old 02-17-2016, 01:49 PM   #10
500th Post
 
Join Date: Dec 2004
Location: Nashville
Posts: 505
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.
hagan714 likes this.
jonnyrotten is offline   Reply With Quote
Reply


Posting Rules

LinkBacks (?)
LinkBack to this Thread: https://blackandgold.com/saints/76802-saints-convert-cam-jordans-roster-bonus-into-signing-bonus-creating-4-8-a.html
Posted By For Type Date Hits
Saints convert Cam Jordan's roster bonus into signing bonus. Creating $4.8 million in cap space. This thread Refback 02-17-2016 11:40 AM 1
The Latest New Orleans Saints News | SportSpyder This thread Refback 02-17-2016 11:39 AM 3


All times are GMT -5. The time now is 11:19 AM.


Copyright 1997 - 2020 - BlackandGold.com
no new posts