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Marques Colston & Ben Grubbs restructure their contracts
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Porter22

Joined: 13 Feb 2010
Posts: 2057
Location: Weyhe, Germany

Posted: Wed Feb 27, 2013 7:30 pm Post subject: Marques Colston & Ben Grubbs restructure their contracts

Quote:

The Saints are in the process of trying to create salary cap space, and a new deal for wide receiver Marques Colston will give them some.

The Saints and Colston have completed a restructured deal, Jason La Canfora ‏of CBS reports.

There’s no word on the details of the deal. Colston signed a five-year, $36.3 million contract in March, and he may have simply agreed to reduce his $4.5 million base salary to the league minimum while taking the rest as a signing bonus that will be prorated over the final four years of his deal.

http://profootballtalk.nbcsports.com/2013/02/27/with-saints-trying-to-create-cap-space-marques-colston-restructures/

Edit: Ben Grubbs as well

Quote:

The New Orleans Saints have shaved $3 million in salary-cap room by restructuring the contract of guard Ben Grubbs, according to a league source.

Grubbs restructured his contract earlier this week to help the Saints who had been more than $14 million over the cap. The Saints simply handed Grubbs a $4 million signing bonus up front.

That lowered his base salary from $5.2 million to $1.2 million and the signing bonus is pro-rated over the remainder of the contract.

http://espn.go.com/blog/nfcsouth/post/_/id/45484/saints-restructure-ben-grubbs-deal

Last edited by Porter22 on Wed Feb 27, 2013 7:38 pm; edited 2 times in total

Harper41

Joined: 29 Aug 2009
Posts: 11687

Posted: Wed Feb 27, 2013 7:30 pm Post subject:

I'm on my phone but Ben Grubbs did as well.
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Porter22

Joined: 13 Feb 2010
Posts: 2057
Location: Weyhe, Germany

Posted: Wed Feb 27, 2013 7:34 pm Post subject:

Quote:

Colston converts $2.8 million of $4.5 million to signing bonus, creating $2.1 million in 2013 cap space for Saints http://bit.ly/VOtO1u

Porter22

Joined: 13 Feb 2010
Posts: 2057
Location: Weyhe, Germany

Posted: Wed Feb 27, 2013 7:35 pm Post subject:

Harper41 wrote:

I'm on my phone but Ben Grubbs did as well.

http://espn.go.com/blog/nfcsouth/post/_/id/45484/saints-restructure-ben-grubbs-deal

Quote:

FLOODx

Joined: 26 Feb 2009
Posts: 5439
Location: ZOO ORLEANS

Posted: Wed Feb 27, 2013 7:36 pm Post subject:

Loomis hard at work today
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NFL- Saints
NBA- Pelicans/LeBron
NCAAF- LSU

navysaintsfan

Joined: 02 Jan 2006
Posts: 10475
Location: Frednecksburg, Virginia

Posted: Wed Feb 27, 2013 7:37 pm Post subject:

Porter22 wrote:

Harper41 wrote:

I'm on my phone but Ben Grubbs did as well.

http://espn.go.com/blog/nfcsouth/post/_/id/45484/saints-restructure-ben-grubbs-deal

Quote:

Was just about to add this, Loomis is earning that paycheck right now.
_________________

Leon Sandcastle wrote:

the level he is playing at is TOP-5 ALL TIME

He is talking...of course...of Tony Romo.

Harper41

Joined: 29 Aug 2009
Posts: 11687

Posted: Wed Feb 27, 2013 7:46 pm Post subject:

And David Hawthorne. Good lord.
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Harper41

Joined: 29 Aug 2009
Posts: 11687

Posted: Wed Feb 27, 2013 7:48 pm Post subject:

And Jahri Evans. Good lord almighty Mickey Loomis is not messing around Shocked

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navysaintsfan

Joined: 02 Jan 2006
Posts: 10475
Location: Frednecksburg, Virginia

Posted: Wed Feb 27, 2013 7:50 pm Post subject:

Harper41 wrote:

And Jahri Evans. Good lord almighty Mickey Loomis is not messing around Shocked

...They have to be planning a splash type signing. I am willing to bet they are targeting someone we are not expecting since we thought we likely would be strapped.
_________________

Leon Sandcastle wrote:

the level he is playing at is TOP-5 ALL TIME

He is talking...of course...of Tony Romo.

Porter22

Joined: 13 Feb 2010
Posts: 2057
Location: Weyhe, Germany

Posted: Wed Feb 27, 2013 7:58 pm Post subject:

navysaintsfan wrote:

Harper41 wrote:

And Jahri Evans. Good lord almighty Mickey Loomis is not messing around Shocked

...They have to be planning a splash type signing. I am willing to bet they are targeting someone we are not expecting since we thought we likely would be strapped.

Watch out! Darelle Revis for our 3rd and a conditional 2014 pick!

whodatworm23

Joined: 23 Dec 2006
Posts: 2550
Location: Nawlins

Posted: Wed Feb 27, 2013 8:00 pm Post subject:

navysaintsfan wrote:

Harper41 wrote:

And Jahri Evans. Good lord almighty Mickey Loomis is not messing around Shocked

...They have to be planning a splash type signing. I am willing to bet they are targeting someone we are not expecting since we thought we likely would be strapped.

I agree with you NavyMan... I think many will automatically think Spencer but knowing how this franchise operates I would put my money on the Saints throwing a big contract at the young and emerging Kruger.

Then targeting a corner like Rhodes or safety like Vaccaro in the draft.
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Porter22

Joined: 13 Feb 2010
Posts: 2057
Location: Weyhe, Germany

Posted: Wed Feb 27, 2013 8:02 pm Post subject:

All those restructures should put us under the cap right now and Brees, Vilma and Smith will restructure or take a pay cut as well!

krewebrees

Joined: 10 Feb 2013
Posts: 135

Posted: Wed Feb 27, 2013 8:07 pm Post subject:

Porter22 wrote:

All those restructures should put us under the cap right now and Brees, Vilma and Smith will restructure or take a pay cut as well!

If my math is wright we are still 1-2 million over the cap. Someone should probably double check that.
Any way it's a lot better than 16 million
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Isa Abdul-Quddus +hands = Darren Sharper 2.0

navysaintsfan

Joined: 02 Jan 2006
Posts: 10475
Location: Frednecksburg, Virginia

Posted: Wed Feb 27, 2013 8:16 pm Post subject:

Porter22 wrote:

navysaintsfan wrote:

Harper41 wrote:

And Jahri Evans. Good lord almighty Mickey Loomis is not messing around Shocked

...They have to be planning a splash type signing. I am willing to bet they are targeting someone we are not expecting since we thought we likely would be strapped.

Watch out! Darelle Revis for our 3rd and a conditional 2014 pick!

As good a Revis is, there is no way he would get the contract he wants from us. And I would prefer to avoid a player that plans on holding out every other season.
_________________

Leon Sandcastle wrote:

the level he is playing at is TOP-5 ALL TIME

He is talking...of course...of Tony Romo.

navysaintsfan

Joined: 02 Jan 2006
Posts: 10475
Location: Frednecksburg, Virginia

Posted: Wed Feb 27, 2013 8:18 pm Post subject:

whodatworm23 wrote:

navysaintsfan wrote:

Harper41 wrote:

And Jahri Evans. Good lord almighty Mickey Loomis is not messing around Shocked

...They have to be planning a splash type signing. I am willing to bet they are targeting someone we are not expecting since we thought we likely would be strapped.

I would love getting Ruger, keeping Galette signed with us, Wilson at ILB, adding Vacarro to the backfield...although I wonder what we would then do with Jenkins. Back to CB if that happens?
_________________

Leon Sandcastle wrote:

the level he is playing at is TOP-5 ALL TIME

He is talking...of course...of Tony Romo.

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