What people don't understand is that the Saints do the contracts to give them the most flexibility. There was a report about Carolina's cap and the Saints cap when it comes to signing Carr, and even though the Panthers were better off cap-wise, they had little wiggle room compared to the Saints. And, the Saints had the ability to free up more space if they needed to.
Loomis isn't just a bean counter, he's an exceptional bean counter. I wish I could get him to do my taxes. :D