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Porter22
Joined: 13 Feb 2010
Posts: 2057
Location: Weyhe, Germany
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 Posted: Fri Feb 15, 2013 6:26 pm Post subject: Saints start clearing cap room by restructuring Lofton deal |
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| Quote: | The Saints have around $20 million worth of salary cap room to create before the start of free agency.
They started creating it this week by restructuring the deal of linebacker Curtis Lofton, according to Pat Yasinskas of ESPN.com.
The Saints created $4 million worth of 2013 room by turning a $5 million roster bonus into a signing bonus which can be prorated for accounting purposes.
It pushes more of a hit into future years, but was likely the kind of paperwork flip that both sides knew was coming the day they signed the deal. |
Good job, could see Brees and Evans restructuring as well and maybe Greer to remain a Saint. |
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whodatworm23
Joined: 23 Dec 2006
Posts: 2550
Location: Nawlins
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NS922
Joined: 01 Aug 2011
Posts: 3727
Location: New Orleans
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| Posted: Fri Feb 15, 2013 7:18 pm Post subject: |
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Yeush  |
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Harper41
Joined: 29 Aug 2009
Posts: 11744
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| Posted: Fri Feb 15, 2013 7:30 pm Post subject: |
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Knock 5 million off the books. Boo yeah!
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