In a new report released Monday by the U.S. Treasury Department disclosed that a decent amount of the $37 trillion of debt is actually owed in cap liabilities by the football team in New Orleans. The report found that up to 41% of the national debt is due in part to former or current players in the Saints organization. This loophole in the NFL rulebook and U.S. Constitution allowed the Saints to continue offering massive contracts to players without hitting the league cap ceiling.
“When we came across this rule, we couldn’t believe it,” said Saints owner Gayle Benson, who has approved all of the Saints financials. “We had to be very careful not to get caught. A lot of people were suspicious of our numbers but we always came back clean, which allowed us to sign top talent in Derek Carr and Chase Young. But now that we suck we want to come clean and close this loophole before the Falcons are able to use it.”
The government and NFL are currently working around the clock with New Orleans to close this loophole. Recently retired Quarterback Derek Carr admitted that he would have never agreed to play for the Saints if it wasn’t for this skirting of the rules. After hearing this, many Saints fans groaned knowing the past 5 years could have been avoided if it wasn’t for organizational malpractice and bureaucratic oversight. And they are also happy that the Falcons will not be able to use this to their advantage too.
The 9 Hole 