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Saints start clearing cap room by restructuring Lofton deal

 
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Porter22


Joined: 13 Feb 2010
Posts: 2462
Location: Weyhe, Germany
PostPosted: Fri Feb 15, 2013 6:26 pm    Post subject: Saints start clearing cap room by restructuring Lofton deal Reply with quote

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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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Adopt a Saint 2013:
LB Curtis Lofton - 125 TCKL, 2 SCK, 1 FF, 0 FR, 0 INT
TE Benjamin Watson - 19 REC, 226 YDs, 2 TDs
Injured Reserve: WR Joe Morgan
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whodatworm23


Joined: 23 Dec 2006
Posts: 3132
Location: Nawlins
PostPosted: Fri Feb 15, 2013 6:35 pm    Post subject: Re: Saints start clearing cap room by restructuring Lofton d Reply with quote

Mickey strikes again!!!
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NS922


Joined: 01 Aug 2011
Posts: 6690
Location: New Orleans
PostPosted: Fri Feb 15, 2013 7:18 pm    Post subject: Reply with quote

Yeush Smile
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Harper41


Joined: 29 Aug 2009
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Location: Roll Tide Country
PostPosted: Fri Feb 15, 2013 7:30 pm    Post subject: Reply with quote

Knock 5 million off the books. Boo yeah!
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