Terron Armstead Restructures Contract

ChrisXVI · 03-23-2017, 08:12 AM

Hmm make of this what you will. We typically don't do this just for the heck of it.

AsylumGuido · 03-23-2017, 08:55 AM

I have pointed this out several times before, but here it is one more time.

Armstead DID NOT restructure his contract. He had no say so in it whatsoever. Roster bonuses are able to be converted to signing bonuses SOLELY at the discretion of the team. The player has zero input. It is a mechanism that teams can use to prorate the bonus as opposed to paying it in one lump sum. The result is nil to the player. He still receive the full amount in exactly the same manner.

As I also pointed out several times earlier, the Saints had over $14 million in roster bonuses counting toward the 2017 cap. They still have another $9 million remaining that they can convert as they so wish.

All that said, the only reason to convert is if it is going to be needed. It looks like the Saints have more major moves in mind.

ChrisXVI · 03-23-2017, 09:03 AM

ChrisXVI · 03-23-2017, 09:04 AM

Originally Posted by AsylumGuido

I have pointed this out several times before, but here it is one more time.

Armstead DID NOT restructure his contract. He had no say so in it whatsoever. Roster bonuses are able to be converted to signing bonuses SOLELY at the discretion of the team. The player has zero input. It is a mechanism that teams can use to prorate the bonus as opposed to paying it in one lump sum. The result is nil to the player. He still receive the full amount in exactly the same manner.

As I also pointed out several times earlier, the Saints had over $14 million in roster bonuses counting toward the 2017 cap. They still have another $9 million remaining that they can convert as they so wish.

All that said, the only reason to convert is if it is going to be needed. It looks like the Saints have more major moves in mind.

That was just poor wording on my part... It was 6am lol.

AsylumGuido · 03-23-2017, 09:10 AM

Originally Posted by ChrisXVI

https://twitter.com/seanfazende/stat...78609760190464

See? Even most of these media hacks don't understand the way roster bonuses work. That's why you should never take anything they post at face value without doing a little research first.

Never forget how they ran with the lies from that little weasel, Mike Cerullo, and forever falsely branded the Saints.

I'll never forget this a$$wipe.

AsylumGuido · 03-23-2017, 09:11 AM

Originally Posted by ChrisXVI

That was just poor wording on my part... It was 6am lol.

Noproblem. It gets pounded into peoples heads by the hacks. It just gave me another opportunity to bash them.

SmashMouth · 03-23-2017, 10:10 AM

Originally Posted by ChrisXVI

https://twitter.com/seanfazende/stat...78609760190464

Where did the cap go? Thought we were way more under than that?

hagan714 · 03-23-2017, 12:05 PM

Johnathan Hankins? I wish
Malcolm Butler and a first? I hope not

Originally Posted by SmashMouth

Where did the cap go? Thought we were way more under than that?

lets review.

Larry Warford G 25 DET NO 4/$34,000,000 $3,800,000

Nick Fairley DT 29 NO NO 4/$28,000,000 $3,000,000

A.J. Klein ILB 25 CAR NO 4/$24,000,000 $2,800,000

Ted Ginn Jr. WR 31 CAR NO 3/$11,000,000 $3,000,000

Manti Te'o ILB 26 LAC NO 2 /$5,000,000 $2,050,000

Alex Okafor OLB 26 ARI NO 1/$2,000,000 $2,000,000

Travaris Cadet RB 28 NO NO 1/$855,000 $695,000

Sterling Moore CB 27 NO NO N/A

Ted Ginn Jr. and Manti Te'o or $16 million of contract money or $5 million in cap space I am not excited about. Rather we spent on

Ricky Wagner RT 27 BAL DET 5/$47,500,000 $5,900,000

Micah Hyde SS 26 GB BUF 5/$30,500,000 $4,000,000

Marcus Cooper CB 27 ARI CHI 3/$16,000,000 $5,000,000

Kevin Minter ILB 26 ARI CIN 1/$4,250,000 $4,250,000

Lawrence Guy DE 27 BAL NE 4/$13,400,000 $2,600,000

Datone Jones OLB 26 GB MIN 1/$3,750,000 $3,718,750

Justin Hunter WR 25 BUF PIT 1/$855,000 $695,000

Made out like a bandit
Rex Burkhead RB 26 CIN NE 1/$3,150,000

AsylumGuido · 03-23-2017, 12:20 PM

Originally Posted by SmashMouth

Where did the cap go? Thought we were way more under than that?

We are actually around $16.7 million under the cap with another $8 million or so available in roster bonus conversion. About $7.5 million of that would be slotted for the draft class at this point. Therefore, in currently unconverted and allocated cap we are setting at around $8.8 million.

It all depends on how you look at it. There is also a great deal more available through true contract restructures/extensions.

K Major · 03-23-2017, 12:30 PM

Originally Posted by SmashMouth

Where did the cap go? Thought we were way more under than that?

https://overthecap.com/salary-cap/new-orleans-saints

03-23-2017, 08:12 AM	#1
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Terron Armstead Restructures Contract Twitter Hmm make of this what you will. We typically don't do this just for the heck of it.

03-23-2017, 08:55 AM	#2
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,220	Re: Terron Armstead Restructures Contract I have pointed this out several times before, but here it is one more time. Armstead DID NOT restructure his contract. He had no say so in it whatsoever. Roster bonuses are able to be converted to signing bonuses SOLELY at the discretion of the team. The player has zero input. It is a mechanism that teams can use to prorate the bonus as opposed to paying it in one lump sum. The result is nil to the player. He still receive the full amount in exactly the same manner. As I also pointed out several times earlier, the Saints had over $14 million in roster bonuses counting toward the 2017 cap. They still have another $9 million remaining that they can convert as they so wish. All that said, the only reason to convert is if it is going to be needed. It looks like the Saints have more major moves in mind. SaintFanInATLHELL, hagan714, SmashMouth and 4 others like this.
	“The pessimist sees difficulty in every opportunity. The optimist sees the opportunity in every difficulty.” — Winston Churchill

03-23-2017, 09:03 AM	#3
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Terron Armstead Restructures Contract Twitter

03-23-2017, 09:04 AM	#4
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Terron Armstead Restructures Contract Originally Posted by AsylumGuido I have pointed this out several times before, but here it is one more time. Armstead DID NOT restructure his contract. He had no say so in it whatsoever. Roster bonuses are able to be converted to signing bonuses SOLELY at the discretion of the team. The player has zero input. It is a mechanism that teams can use to prorate the bonus as opposed to paying it in one lump sum. The result is nil to the player. He still receive the full amount in exactly the same manner. As I also pointed out several times earlier, the Saints had over $14 million in roster bonuses counting toward the 2017 cap. They still have another $9 million remaining that they can convert as they so wish. All that said, the only reason to convert is if it is going to be needed. It looks like the Saints have more major moves in mind. That was just poor wording on my part... It was 6am lol.

03-23-2017, 09:10 AM	#5
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,220	Re: Terron Armstead Restructures Contract Originally Posted by ChrisXVI https://twitter.com/seanfazende/stat...78609760190464 See? Even most of these media hacks don't understand the way roster bonuses work. That's why you should never take anything they post at face value without doing a little research first. Never forget how they ran with the lies from that little weasel, Mike Cerullo, and forever falsely branded the Saints. I'll never forget this a$$wipe. saintsfan1976 and Rugby Saint II like this.

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03-23-2017, 09:11 AM	#6
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,220	Re: Terron Armstead Restructures Contract Originally Posted by ChrisXVI That was just poor wording on my part... It was 6am lol. Noproblem. It gets pounded into peoples heads by the hacks. It just gave me another opportunity to bash them. ChrisXVI likes this.

03-23-2017, 10:10 AM	#7
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,125 Blog Entries: 29	Re: Terron Armstead Restructures Contract Originally Posted by ChrisXVI https://twitter.com/seanfazende/stat...78609760190464 Where did the cap go? Thought we were way more under than that?

03-23-2017, 12:05 PM	#8
hagan714 LB Mentallity Join Date: Dec 2005 Posts: 15,870 Blog Entries: 68	Re: Terron Armstead Restructures Contract Johnathan Hankins? I wish Malcolm Butler and a first? I hope not Originally Posted by SmashMouth Where did the cap go? Thought we were way more under than that? lets review. Larry Warford G 25 DET NO 4/$34,000,000 $3,800,000 Nick Fairley DT 29 NO NO 4/$28,000,000 $3,000,000 A.J. Klein ILB 25 CAR NO 4/$24,000,000 $2,800,000 Ted Ginn Jr. WR 31 CAR NO 3/$11,000,000 $3,000,000 Manti Te'o ILB 26 LAC NO 2 /$5,000,000 $2,050,000 Alex Okafor OLB 26 ARI NO 1/$2,000,000 $2,000,000 Travaris Cadet RB 28 NO NO 1/$855,000 $695,000 Sterling Moore CB 27 NO NO N/A Ted Ginn Jr. and Manti Te'o or $16 million of contract money or $5 million in cap space I am not excited about. Rather we spent on Ricky Wagner RT 27 BAL DET 5/$47,500,000 $5,900,000 Micah Hyde SS 26 GB BUF 5/$30,500,000 $4,000,000 Marcus Cooper CB 27 ARI CHI 3/$16,000,000 $5,000,000 Kevin Minter ILB 26 ARI CIN 1/$4,250,000 $4,250,000 Lawrence Guy DE 27 BAL NE 4/$13,400,000 $2,600,000 Datone Jones OLB 26 GB MIN 1/$3,750,000 $3,718,750 Justin Hunter WR 25 BUF PIT 1/$855,000 $695,000 Made out like a bandit Rex Burkhead RB 26 CIN NE 1/$3,150,000 ScottF and Rugby Saint II like this.
	"We may have lost the game, but you'll be hurting tomorrow." Doug Atkins Last edited by hagan714; 03-23-2017 at 12:15 PM..

03-23-2017, 12:20 PM	#9
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,220	Re: Terron Armstead Restructures Contract Originally Posted by SmashMouth Where did the cap go? Thought we were way more under than that? We are actually around $16.7 million under the cap with another $8 million or so available in roster bonus conversion. About $7.5 million of that would be slotted for the draft class at this point. Therefore, in currently unconverted and allocated cap we are setting at around $8.8 million. It all depends on how you look at it. There is also a great deal more available through true contract restructures/extensions. hagan714 likes this.

03-23-2017, 12:30 PM	#10
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,619 Blog Entries: 3	Re: Terron Armstead Restructures Contract Originally Posted by SmashMouth Where did the cap go? Thought we were way more under than that? https://overthecap.com/salary-cap/new-orleans-saints

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