Saints restructure two more contracts

Wondering how the Saints fit the recent signings of Curtis Lofton and Chris Chamberlain under their salary cap, despite so little purported cap room?

Wonder no more.

ESPN.com’s Pat Yasinskas reports that New Orleans quietly has restructured the contracts of cornerback Patrick Robinson and wide receiver Lance Moore, freeing up a total of roughly $2.3 million in salary cap space.

In Moore’s case, his $2 million base salary was dropped to $825,000. Moore received a $1.175 million “signing” bonus to compensate. The signing bonus will be prorated over the life of Moore’s contract, and in the process his 2012 cap figure tumbled from $4.3 million to $2.9 million.

Robinson’s 2012 salary was only $540,000, so there wasn’t much the Saints could do with that. They were able to convert a $1.267 million roster bonus into a signing bonus, however. Like with Moore, Robinson’s “signing” bonus will now be prorated instead of having it all count against the Saints’ 2012 cap.

The Robinson restructure moved his cap figure from $2.9 million to $2.06 million.

And, thus, the Saints brought aboard two new (likely) starting linebackers.

14 responses to “Saints restructure two more contracts

  1. PFT, please stop publishing these reports. Thomas Dimitroff will read them and learn how to sign free agents with limited cap room.

  2. You are a joke by printing this!
    – – – – – – – – – – – – – – – – – –
    stevenfbrackett says:
    Mar 25, 2012 10:31 PM
    Surely some of these must have other other options other than settling for the Saints?
    – – – – – – – – – – – – – – – – – –

    Sure they had choices – but they WANTED to be on a great team with potiential.

  3. lol, run up the “cap credit card” in a season with the HC suspended for the year, the assistant HC suspended for 6 games, and pending player discipline. Because pushing all that money forward will eventually come due. And it will be due in seasons without those suspensions.

    And they still don’t have Brees signed.

    Great idea!

  4. It’s called clearing room so you can sign Brees….but keep on hating and we will keep on winning.

    And under the new CBS the cap is fixed based as a percentage of revenue. The new TV contract kicks in in 2014 and the cap will be much higher, hence, you can push money back a couple of years.

    WHO DAT!!

  5. Winning?? Oh, right. If by that you mean becoming a joke around the league for getting blown out of the 1st round of the playoffs the last few years now, including by a team (seahawks) that didn’t even have a winning record. Well done. Keep it up.

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