Terron Armstead Restructures Contract

ChrisXVI · 03-23-2017, 07:12 AM

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

AsylumGuido · 03-23-2017, 07:55 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, 08:04 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, 08:11 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.

ChrisXVI · 03-23-2017, 08:03 AM

AsylumGuido · 03-23-2017, 08:10 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.

SmashMouth · 03-23-2017, 09:10 AM

Originally Posted by ChrisXVI

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

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

AsylumGuido · 03-23-2017, 11:20 AM

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.

spkb25 · 03-23-2017, 05:08 PM

Originally Posted by AsylumGuido

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.

And another 7. some odd after june 1

K Major · 03-23-2017, 11:30 AM

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, 07:12 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, 07:55 AM	#2
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,484	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, 08:04 AM	#3
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, 08:11 AM	#4
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,484	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, 08:03 AM	#5
ChrisXVI 10000 POST CLUB Join Date: Aug 2011 Location: Madison, WI Posts: 11,482	Re: Terron Armstead Restructures Contract Twitter

03-23-2017, 08:10 AM	#6
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,484	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.

03-23-2017, 09:10 AM	#7
SmashMouth I donated, did you? Join Date: Sep 2007 Location: Mandeville, LA Posts: 38,479 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, 11:20 AM	#8
AsylumGuido 10000 POST CLUB Join Date: Sep 2007 Location: Bossier City, LA Posts: 26,484	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, 05:08 PM	#9
spkb25 10000 POST CLUB Join Date: Aug 2004 Location: Baltimore, MD Posts: 13,115	Re: Terron Armstead Restructures Contract Originally Posted by AsylumGuido 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. And another 7. some odd after june 1

03-23-2017, 11:30 AM	#10
K Major Site Donor 2019 Join Date: Jan 2013 Location: Bedford, TX Posts: 24,739 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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