It’s not a credit card. ML is just overpaying for underperforming guys and backloading contracts in a way that forces us to keep them. It’s worst than credit card debt because there is not bankruptcy or charge offs in the NFL.
I don't think ML operates in a vacuum. He just gets the guys that the HC wants, so much of that responsibility falls on the HC, not Loomis. Yes, there have certainly been some bad contracts, but when the HC says, "get me this guy and we have what it takes to get a championship", and that guy turns out to be a dud, that's not on Loomis.
I think that the way the Saints have operated under Payton and DA will change with Moore.