Report: Saints restructure contract of LB Curtis Lofton

Report: Saints restructure contract of LB Curtis Lofton

Credit: Getty Images

GREEN BAY, WI - SEPTEMBER 30: Cedric Benson #32 of the Green Bay Packers is brought down by Curtis Lofton #50 of the New Orleans Saints at Lambeau Field on September 30, 2012 in Green Bay, Wisconsin. The Packers defeated the Saints 28-27. (Photo by Jonathan Daniel/Getty Images)

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wwltv.com

Posted on February 15, 2013 at 5:32 PM

The Saints’ journey to get below the expected 2013 salary cap of near $120 million began Friday when the team reportedly restricted the contract of linebacker Curtis Lofton.

ESPN.com’s Pat Yasinskas posted late in the afternoon that Lofton and the Saints agreed to redistribute $5 million from a roster bonus to a signing bonus. By doing so, the team was able to make the $5 million work more for them than again them for salary cap purposes.

Lofton’s cap hit would have been $7.1 million. With the restructuring, it’s expected to be down to $3.1 million because the bonus, according to Yasinskas, will now be pro-rated for the length of the contract.

--Bradley Handwerger, WWLTV.com

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