Maybe because it is true. Loomis was using the loophole in the cap rules to borrow from future years. Other teams started to do it, but not to the extent that Loomis had already done. His assumption (and probably a legitimate one) was that the cap would continue to rise each year so that the "borrowing" would not be an issue. However, when Covid hit, he got caught with his pants down and was deep in the hole already.