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Marques Colston & Ben Grubbs restructure their contracts
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Porter22


Joined: 13 Feb 2010
Posts: 2518
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 6:30 pm    Post subject: Marques Colston & Ben Grubbs restructure their contracts Reply with quote

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
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Last edited by Porter22 on Wed Feb 27, 2013 6:38 pm; edited 2 times in total
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Harper41


Joined: 29 Aug 2009
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PostPosted: Wed Feb 27, 2013 6:30 pm    Post subject: Reply with quote

I'm on my phone but Ben Grubbs did as well.
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GFalcon wrote:
go saints
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Porter22


Joined: 13 Feb 2010
Posts: 2518
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 6:34 pm    Post subject: Reply with quote

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

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Porter22


Joined: 13 Feb 2010
Posts: 2518
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 6:35 pm    Post subject: Reply with quote

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:

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.

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Adopt a Saint 2014:

QB Drew Brees - 1,203 YDs ; 7 TD ; 3 INT ; 71.4% Pct

DB Patrick Robinson - 12 Tackles, 3 PDefs, 1 INT
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FLOODx


Joined: 26 Feb 2009
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PostPosted: Wed Feb 27, 2013 6:36 pm    Post subject: Reply with quote

Loomis hard at work today
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navysaintsfan


Joined: 01 Jan 2006
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PostPosted: Wed Feb 27, 2013 6:37 pm    Post subject: Reply with quote

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:

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.


Was just about to add this, Loomis is earning that paycheck right now.
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Harper41


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PostPosted: Wed Feb 27, 2013 6:46 pm    Post subject: Reply with quote

And David Hawthorne. Good lord.
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go saints
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Harper41


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PostPosted: Wed Feb 27, 2013 6:48 pm    Post subject: Reply with quote

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


Joined: 01 Jan 2006
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PostPosted: Wed Feb 27, 2013 6:50 pm    Post subject: Reply with quote

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.
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Porter22


Joined: 13 Feb 2010
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PostPosted: Wed Feb 27, 2013 6:58 pm    Post subject: Reply with quote

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!
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QB Drew Brees - 1,203 YDs ; 7 TD ; 3 INT ; 71.4% Pct

DB Patrick Robinson - 12 Tackles, 3 PDefs, 1 INT
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whodatworm23


Joined: 23 Dec 2006
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PostPosted: Wed Feb 27, 2013 7:00 pm    Post subject: Reply with quote

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


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PostPosted: Wed Feb 27, 2013 7:02 pm    Post subject: Reply with quote

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!
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QB Drew Brees - 1,203 YDs ; 7 TD ; 3 INT ; 71.4% Pct

DB Patrick Robinson - 12 Tackles, 3 PDefs, 1 INT
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krewebrees


Joined: 10 Feb 2013
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PostPosted: Wed Feb 27, 2013 7:07 pm    Post subject: Reply with quote

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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navysaintsfan


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PostPosted: Wed Feb 27, 2013 7:16 pm    Post subject: Reply with quote

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.
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Kenny Vaccaro 45 Tkls 4 PD 1 SCK 2 INTs
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navysaintsfan


Joined: 01 Jan 2006
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Location: Frednecksburg, VA
PostPosted: Wed Feb 27, 2013 7:18 pm    Post subject: Reply with quote

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 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.


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?
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Kenny Vaccaro 45 Tkls 4 PD 1 SCK 2 INTs
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