Nick Fairley - SIGNED

Danno · 03-29-2016, 02:20 PM

Originally Posted by RaginCajun83

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

Its why he's the GM, and why we're not

Brilliant!

03-29-2016, 02:20 PM	#23
Danno Truth Addict Join Date: Dec 2003 Location: Spanish Fort, AL (via NO and B/R) Posts: 24,757	Re: Nick Fairley - SIGNED Originally Posted by RaginCajun83 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 Its why he's the GM, and why we're not Brilliant! Crusader and ctsaint01 like this.

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