Discuss football with over 60,000 fans. Free Membership. Join now!

 FAQFAQ  RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

FootballsFuture.com Forum Index
FootballsFuture.com Home

Marques Colston & Ben Grubbs restructure their contracts
Goto page 1, 2, 3  Next
 
Post new topic   Reply to topic    FootballsFuture.com Forum Index -> New Orleans Saints
View previous topic :: View next topic  
Author Message
Porter22


Joined: 13 Feb 2010
Posts: 2497
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 7:30 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
_________________
Adopt a Saint 2014:

QB Drew Brees -

DB Patrick Robinson -


Last edited by Porter22 on Wed Feb 27, 2013 7:38 pm; edited 2 times in total
Back to top
View user's profile Send private message
Harper41


Joined: 29 Aug 2009
Posts: 21276
Location: Roll Tide Country
PostPosted: Wed Feb 27, 2013 7:30 pm    Post subject: Reply with quote

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

RTR
#Keepitonehunna
SnA ExclusiVe wrote:
Thought someone broke into my house.
Jumped out of bed (left my brother)
Back to top
View user's profile Send private message
Porter22


Joined: 13 Feb 2010
Posts: 2497
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 7:34 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

_________________
Adopt a Saint 2014:

QB Drew Brees -

DB Patrick Robinson -
Back to top
View user's profile Send private message
Porter22


Joined: 13 Feb 2010
Posts: 2497
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 7:35 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.

_________________
Adopt a Saint 2014:

QB Drew Brees -

DB Patrick Robinson -
Back to top
View user's profile Send private message
FLOODx


Joined: 26 Feb 2009
Posts: 6001
Location: New Orleans
PostPosted: Wed Feb 27, 2013 7:36 pm    Post subject: Reply with quote

Loomis hard at work today
_________________

gopherwrestler on the sig.
Adopt-a-Saint
Cam Jordan: 47 tackles, 12.5 sacks, 2 FF
Back to top
View user's profile Send private message Send e-mail
navysaintsfan


Joined: 02 Jan 2006
Posts: 11135
Location: Frednecksburg, VA
PostPosted: Wed Feb 27, 2013 7:37 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.
_________________

Kenny Vaccaro; coming soon to a town near you to screw up your QB's day. ATL first on the knock-off list. #RISEUPFORWHAT
Back to top
View user's profile Send private message
Harper41


Joined: 29 Aug 2009
Posts: 21276
Location: Roll Tide Country
PostPosted: Wed Feb 27, 2013 7:46 pm    Post subject: Reply with quote

And David Hawthorne. Good lord.
_________________

RTR
#Keepitonehunna
SnA ExclusiVe wrote:
Thought someone broke into my house.
Jumped out of bed (left my brother)
Back to top
View user's profile Send private message
Harper41


Joined: 29 Aug 2009
Posts: 21276
Location: Roll Tide Country
PostPosted: Wed Feb 27, 2013 7:48 pm    Post subject: Reply with quote

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

RTR
#Keepitonehunna
SnA ExclusiVe wrote:
Thought someone broke into my house.
Jumped out of bed (left my brother)
Back to top
View user's profile Send private message
navysaintsfan


Joined: 02 Jan 2006
Posts: 11135
Location: Frednecksburg, VA
PostPosted: Wed Feb 27, 2013 7:50 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.
_________________

Kenny Vaccaro; coming soon to a town near you to screw up your QB's day. ATL first on the knock-off list. #RISEUPFORWHAT
Back to top
View user's profile Send private message
Porter22


Joined: 13 Feb 2010
Posts: 2497
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 7:58 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!
_________________
Adopt a Saint 2014:

QB Drew Brees -

DB Patrick Robinson -
Back to top
View user's profile Send private message
whodatworm23


Joined: 23 Dec 2006
Posts: 3135
Location: Nawlins
PostPosted: Wed Feb 27, 2013 8:00 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.
_________________


http://www.youtube.com/watch?v=zk958n5n66o
Back to top
View user's profile Send private message Send e-mail
Porter22


Joined: 13 Feb 2010
Posts: 2497
Location: Weyhe, Germany
PostPosted: Wed Feb 27, 2013 8:02 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!
_________________
Adopt a Saint 2014:

QB Drew Brees -

DB Patrick Robinson -
Back to top
View user's profile Send private message
krewebrees


Joined: 10 Feb 2013
Posts: 359
PostPosted: Wed Feb 27, 2013 8:07 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
_________________

Adopt a Saint 2014
Jimmy Graham:
Glenn Foster:
Back to top
View user's profile Send private message
navysaintsfan


Joined: 02 Jan 2006
Posts: 11135
Location: Frednecksburg, VA
PostPosted: Wed Feb 27, 2013 8:16 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.
_________________

Kenny Vaccaro; coming soon to a town near you to screw up your QB's day. ATL first on the knock-off list. #RISEUPFORWHAT
Back to top
View user's profile Send private message
navysaintsfan


Joined: 02 Jan 2006
Posts: 11135
Location: Frednecksburg, VA
PostPosted: Wed Feb 27, 2013 8:18 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?
_________________

Kenny Vaccaro; coming soon to a town near you to screw up your QB's day. ATL first on the knock-off list. #RISEUPFORWHAT
Back to top
View user's profile Send private message
Display posts from previous:   

Post new topic   Reply to topic    FootballsFuture.com Forum Index -> New Orleans Saints All times are GMT - 4 Hours
Goto page 1, 2, 3  Next
Page 1 of 3

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum




Powered by phpBB © 2001, 2005 phpBB Group