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Colston re-do creates $2.1 million in cap space

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The Saints have indeed restructured the contract of receiver Marques Colston.  And while Colston will get no less money, the Saints could have created even more cap space than they did.

Due to earn a base salary of $4.5 million in 2013, a source with knowledge of the situation tells PFT that $2.8 million was converted to a signing bonus.  The remaining $1.7 million will be paid out as base salary this year.

With four total years remaining on the deal, $700,000 of the guaranteed payment counts against this year’s cap.  The other $2.1 million will push forward.

It’s unclear why the Saints didn’t nudge the 2013 base salary even lower.  It could be that the Saints realize that the rob-Peter-to-pay-Paul approach would simply create bigger cap issues in future years.

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3 Responses to “Colston re-do creates $2.1 million in cap space”
  1. fuglyflorio says: Feb 27, 2013 6:21 PM

    That’s a lot of bounty dollars.

  2. horses721 says: Feb 27, 2013 6:25 PM

    Mike, isn’t he a saint for doing this?

  3. docboss says: Feb 27, 2013 6:37 PM

    Saints are taking a page out of the Obama playbook. Kick the can down the road and let the next guys worry about it.
    If the cap goes up in 2014 and beyond, they are ok.

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