Mike Tanier criticising Loomis' cap management again

SaintRob said
Actually, the contract is frozen since he quit/retired. The precedent was set with Arians when he "retired" from the Cardinals with a year left on his contract. Two years later, the Bucs had to send compensation to the Cardinals to acquire him. It was only a 6th round pick. The Saints retain Payton's rights indefinitely. If a team ever wants him, they have to acquire his rights from the Saints and he is certainly worth a small ransom in picks and or players.
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That is what I thought as well and was going to post it until I read yours. Most contracts, whatever it is, are structured in that manner. Since he failed to fulfill his obligations, he either has to come back and fulfill his obligations, or the Saints have to release him from the contract. Payton is not automatically released just because the contract term expires..