Nick Fairley - SIGNED

RaginCajun83 · 03-29-2016, 01:28 PM

Nick Underhill (@nick_underhill)
Source: Nick Fairley’s 3-year deal with Saints voids after first season

Nick Fairley's contract will limit 2016 salary cap hit, newspaper reports | NOLA.com

The Saints' official announcement said Fairley signed a one-year deal, but the actual contract is for three years, the Boston Globe reported. However, the final two years of the contract void automatically if Fairley is still on the roster in February.

The maneuver allows the Saints to spread Fairley's $2.235 million signing bonus over three years, instead of just one, limiting the deal's impact on the 2016 salary cap.

In practice, Fairley signed a one-year, $3 million deal, but it will count only $1.51 million against the 2016 salary cap.

Loomis at it again

03-29-2016, 01:28 PM	#22
RaginCajun83 Hou Saints Fan Join Date: Sep 2009 Location: Houston, Tx Posts: 5,050	Re: Nick Fairley - SIGNED Nick Underhill (@nick_underhill) Source: Nick Fairley’s 3-year deal with Saints voids after first season Nick Fairley's contract will limit 2016 salary cap hit, newspaper reports \| NOLA.com The Saints' official announcement said Fairley signed a one-year deal, but the actual contract is for three years, the Boston Globe reported. However, the final two years of the contract void automatically if Fairley is still on the roster in February. The maneuver allows the Saints to spread Fairley's $2.235 million signing bonus over three years, instead of just one, limiting the deal's impact on the 2016 salary cap. In practice, Fairley signed a one-year, $3 million deal, but it will count only $1.51 million against the 2016 salary cap. Loomis at it again

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