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this is a discussion within the Saints Community Forum; Regardless of how you feel about how the Saints conduct their business, you have to give Mickey Loomis and the brass credit for finding ways to add players to the roster. The creative accounting the team likes to use reached ...
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03-29-2016, 09:52 PM | #1 |
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Regardless of how you feel about how the Saints conduct their business, you have to give Mickey Loomis and the brass credit for finding ways to add players to the roster.
The creative accounting the team likes to use reached its peak — or at least what one has to assume is the peak — with the contract it gave to Nick Fairley earlier this week. The defensive tackle is under contract for only a year — a fact so certain it was announced by the team earlier this week — but when The Advocate obtained the details of his contract, it showed three years on the deal worth $4.69 million. But the fine print states the deal voids if Fairley is still on the team 15 days before the start of the 2017 league year. In other words, it is actually a one-year deal worth $3 million. So why have what is essentially two fake years on the deal? It allows New Orleans to prorate his $2.235 million signing bonus over three seasons and absorb a cap charge of only $1.51 million in 2016. read more |
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03-29-2016, 10:14 PM | #2 |
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Re: Saints continue to find creative ways to manage cap situation
Loomis slick af.
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03-29-2016, 10:22 PM | #3 |
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Re: Saints continue to find creative ways to manage cap situation
Even managed to keep his jersey number low...
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03-30-2016, 01:44 AM | #5 |
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Re: Saints continue to find creative ways to manage cap situation
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03-30-2016, 05:31 AM | #6 |
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Re: Saints continue to find creative ways to manage cap situation
Actually don't you think reports have lost that fine art of KEEPING ONES MOUTH SHUT!!!!!!!!!!!! Loss lips sink ships and all.... But the fine print states the deal voids if Fairley is still on the team 15 days before the start of the 2017 league year. In other words, it is actually a one-year deal worth $3 million. Not really I view it as an option year for a player that has a history of issue on and off the field that appears to be heading down the right path. So instead of getting hammered with dead cap if he fails, the saints have it spread out. With Run a muck Roger "The Boner" Goodell at the helm of the NFL Kangaroo Court System, teams have to do all they can to protect themselves from his creative half baked, drug induced decisions making. Now if the he stays on the up and up I am sure there is a contract renegotiation option for both parties as well as an out involved in 2017. Which for Nick works out perfectly. The saints cap in 2017 is very friendly. I call it a win win Your probably right Roger "The Boner" Goodell wont let it fly |
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03-30-2016, 02:21 PM | #7 |
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Re: Saints continue to find creative ways to manage cap situation
The contract has already been approved.
However, I could see Der Kommisar taking away a draft pick.........just to keep us on our toes. |
03-30-2016, 05:16 PM | #8 |
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Re: Saints continue to find creative ways to manage cap situation
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03-30-2016, 06:27 PM | #9 |
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Re: Saints continue to find creative ways to manage cap situation
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Saints continue to find creative ways to manage cap situation | This thread | Refback | 03-29-2016 10:14 PM | 1 |