Loomis needs to do a better job of counting beans.

Many of us have marveled at Loomis' ability to get contracts done...forget about the fact that we would be better off today if they hadn't. We're now paying the price for his "creative accounting" and the bleeding won't stop for awhile. Just read a n article on the cap mess that the Cowboys are in and I can't help but think that Loomis read the "Jerry Jones Handbook On Fiscal Ignorance". Looks like we're headed in the same direction.

Every-time I read a story about teams having long term cap problems, the Saints are always in the mix:

quote:

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There are several ways that a team can manipulate their salary cap in order to clear up space in the short term. But each of these manipulation practices carry big-picture costs.

The Cowboys have consistently used these different techniques, which is why their current situation is so alarming. Jason’s up-to-date estimates have Dallas at $24,614,943 over the 2014 projected cap. And because of the Cowboys’ past moves, the only way that they’ll get under this figure in time for the 2014 league year is by exposing themselves to even greater cap problems in the future.

The Saints and Lions cut loose some of their current players in order to clear up cap space this past week. On Wednesday the Saints saved $16.905 million in 2014 cap space by parting ways with veterans Will Smith, Jabari Greer and S Roman.

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Looking At Cowboys Alarming Cap Mess

As it sits now, the Saints are ranked 3rd highest with cap commitments in 2015...we have over $114,000,000 committed to just 36 players for the 2015 cap year (this doesn't even count Graham.

LINK

I bring this topic up because of the continuous threads suggesting that we restructure this player's contract or that player's contract without really looking at the long term implications. I also bring it up because of the "Just Pay The Man" mentality some folks have.

As the old saying goes: "You can pay me now, or pay me later!" We are doing both.