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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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Saints continue to find creative ways to manage cap situation
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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Posted By | For | Type | Date | Hits |
The Latest New Orleans Saints News | SportSpyder | This thread | Refback | 03-29-2016 09:34 PM | 4 |
Saints continue to find creative ways to manage cap situation | This thread | Refback | 03-29-2016 09:14 PM | 1 |