jarabie
Pro-Bowler
- Joined
- Mar 31, 2002
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As of Friday, the Saints were about $13.5 million over the salary cap, but that was before linebacker Curtis Lofton restructured his contract. The Saints must be below the cap by March 12.
Lofton's cap figure was scheduled to be $7.1 million. But the Saints were able to drop that number to $3.1 million by replacing a scheduled $5 million roster bonus with a $5 million signing bonus that will be pro-rated over the remainder of the contract.
Information from ESPN.com's Pat Yasinskas was used in this report.
According to this after Lofton restructured we were less than 10 million over. After the cuts today that would put us around 7 million over. Now if we cut/ restructure Smith, Vilma, Harper, and Hawthorne. That should put us well under the cap where we can make moves in free agency to fill holes before the draft. Plus sign atleast one or two quality free agents to improve our team. I am no cap expert, but I would believe ESPN's numbers over some peoples. So maybe the sky really is not falling!
MOD EDIT: Here are a couple of tidbits I found from Yasisnkas about our cap situation:
http://espn.go.com/blog/nfcsouth/post/_/id/45221/saints-want-to-keep-vilma-smith
http://espn.go.com/blog/nfcsouth/post/_/id/45296/saints-free-up-2-2-million-in-cap-space
Lofton's cap figure was scheduled to be $7.1 million. But the Saints were able to drop that number to $3.1 million by replacing a scheduled $5 million roster bonus with a $5 million signing bonus that will be pro-rated over the remainder of the contract.
Information from ESPN.com's Pat Yasinskas was used in this report.
According to this after Lofton restructured we were less than 10 million over. After the cuts today that would put us around 7 million over. Now if we cut/ restructure Smith, Vilma, Harper, and Hawthorne. That should put us well under the cap where we can make moves in free agency to fill holes before the draft. Plus sign atleast one or two quality free agents to improve our team. I am no cap expert, but I would believe ESPN's numbers over some peoples. So maybe the sky really is not falling!
MOD EDIT: Here are a couple of tidbits I found from Yasisnkas about our cap situation:
http://espn.go.com/blog/nfcsouth/post/_/id/45221/saints-want-to-keep-vilma-smith
http://espn.go.com/blog/nfcsouth/post/_/id/45296/saints-free-up-2-2-million-in-cap-space
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