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re: Keenan Lewis Restructures Contract

Posted on 3/20/14 at 12:18 pm to
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/20/14 at 12:18 pm to
Patty's post. Don't know where he got them.
Posted by Zoombop
Westbank
Member since Feb 2013
987 posts
Posted on 3/20/14 at 12:19 pm to
Which means the team now has around ~$3mil in cap space now, huh?
Posted by WB504
New Orleans
Member since May 2008
6090 posts
Posted on 3/20/14 at 12:20 pm to
3 mil under the cap according to nflplayers.com

LINK
Posted by WicKed WayZ
Louisiana Forever
Member since Sep 2011
33364 posts
Posted on 3/20/14 at 12:21 pm to
If anyone that didn't deserve that it was him. He was money last year. Freaking restructure Colston or Evans
Posted by Patrick O Rly
y u do dis?
Member since Aug 2011
41187 posts
Posted on 3/20/14 at 12:21 pm to
twitter playa.
Posted by BlacknGold
He Hate Me
Member since Mar 2009
12391 posts
Posted on 3/20/14 at 12:22 pm to
wwl sent me a text. im in the "know"
Posted by Patrick O Rly
y u do dis?
Member since Aug 2011
41187 posts
Posted on 3/20/14 at 12:22 pm to
quote:

#Saints have $3,089,212 in cap space now, according to NFLPA. Includes Lewis, Thomas, Morgan, Humber deals.

Posted by Geauxgurt
Member since Sep 2013
13032 posts
Posted on 3/20/14 at 12:25 pm to
quote:

If anyone that didn't deserve that it was him. He was money last year. Freaking restructure Colston or Evans


You realize he didn't lose any money right? He actually got more of his contract up front now and still gets the same.
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50157 posts
Posted on 3/20/14 at 12:25 pm to
quote:

More moves on the way?



Must be. Maybe for DLP. It doesn't make sense to clear room by restructuring just to carry the cap space into 2015. Only need about $2m (maybe less) to sign draft picks and I'm pretty sure we had that after the PT extension. Plus post June 1 cuts can be used to clear draft pick money if need be.
Posted by Zoombop
Westbank
Member since Feb 2013
987 posts
Posted on 3/20/14 at 12:26 pm to
Hey that's neat!
Posted by Mshargois3
NOLA
Member since Jan 2014
1664 posts
Posted on 3/20/14 at 12:27 pm to
Lewis is the man. Already took a discount to come home and now he's willing to restructure to help the team. Class man class. Although im assuming he's not losing anything
This post was edited on 3/20/14 at 12:28 pm
Posted by TigerBait1127
Houston
Member since Jun 2005
47336 posts
Posted on 3/20/14 at 12:28 pm to
quote:

Already took a discount to come home and now he's willing to restructure to help the team.




Why wouldn't he want to restructure?

If my job offers me my next years salary right now, I'm taking it

quote:

Lewis didn't take a paycut with the restructuring.



This post was edited on 3/20/14 at 12:29 pm
Posted by Mshargois3
NOLA
Member since Jan 2014
1664 posts
Posted on 3/20/14 at 12:36 pm to
quote:

Why wouldn't he want to restructure?

If my job offers me my next years salary right now, I'm taking it


I didnt get what was funny.
Posted by BlacknGold
He Hate Me
Member since Mar 2009
12391 posts
Posted on 3/20/14 at 12:37 pm to
quote:

It doesn't make sense to clear room by restructuring just to carry the cap space into 2015.


i mean it does roll over, so it could make sense to try and get in a better position for next year.
Posted by 4thandinches
River Ridge
Member since Apr 2012
2395 posts
Posted on 3/20/14 at 12:40 pm to
quote:

quote:

#Saints have $3,089,212 in cap space now, according to NFLPA. Includes Lewis, Thomas, Morgan, Humber deals.



That should be good enough to match Jimmy's contracts
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/20/14 at 12:41 pm to
quote:


i mean it does roll over, so it could make sense to try and get in a better position for next year.
I think what it does is give you options this year and not have to scramble last minute.

But at the same time it makes the restructured player a little harder to cut latter.

For instance if we restructured Lofton but then decided his cap hit is too high for his production next year it would be "wasted" money(not really because we used it the prior year or rolled it over, but it leaves more dead money).
Posted by Geauxgurt
Member since Sep 2013
13032 posts
Posted on 3/20/14 at 12:55 pm to
quote:

For instance if we restructured Lofton but then decided his cap hit is too high for his production next year it would be "wasted" money(not really because we used it the prior year or rolled it over, but it leaves more dead money)


This is the catch 22 of restructuring that most don't get sometimes. That's why a guy like Morestead wouldn't be a big deal as I am pretty sure they don't plan to cut him in the next 3 years. Colston likely isn't gone after next season either because cutting him would lose $5.4 million in dead money, and in 2016 would be $2.7M. If you feel he's going to be here for sure in 2015, paying an extra $800k in 2017 to cut if needed isn't as big of a deal with the cap going up.

Posted by htran90
BC
Member since Dec 2012
31854 posts
Posted on 3/20/14 at 1:31 pm to
people need to understand just that.

a restructure is just redoing the contract a bit. doesn't mean the player is taking a pay cut.
Posted by Sophandros
Victoria Concordia Crescit
Member since Feb 2005
45219 posts
Posted on 3/20/14 at 1:49 pm to
Exactly. The problem is that the media spread the myth of restructure = pay cut in order to make their golden boy, Tom Brady, look better.
Posted by bonethug0108
Avondale
Member since Mar 2013
12690 posts
Posted on 3/20/14 at 5:37 pm to
LINK

That's all the recent contract stuff. Humber and Morgan signed for vet minimum and Lewis' and PT's numbers are there.

Edit:
Depending on where you look, we are between $2.1 and $3.1m under at the moment(though I lean towards the NFLPA being more accurate).
This post was edited on 3/20/14 at 8:18 pm
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