Lions/Seahawks swap Redding, Peterson

[broadwayjoe]

According to FoxSports.com's Alex Marvez, the Seahawks have traded LB Julian Peterson to the Lions for DT Cory Redding. SI's Peter King is confirming.

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Wow this is something I guess they got this trade in before releasing Mr. Julian Peterson.

 

[matt1073]

Re: Lions.Seahawks swap Redding,Peterson

Weren't the Hawks just going to release peterson anyway. Detroit should have waited or read patsfans.com message board or something.

 

[PatsChamp88]

Re: Lions.Seahawks swap Redding,Peterson

Yes they were but I guess they didn't want to get into a bidding war who knows its Detroit, Redding was overpaid.

 

[mayoclinic]

Re: Lions.Seahawks swap Redding,Peterson

I'm thrilled to see Peterson land with Detroit. I thought that the Giants were going to make a play with them and offer their extra 2nd round pick (#45). Peterson would have made the Giants D even scarier.

 

[PatsChamp88]

Re: Lions.Seahawks swap Redding,Peterson

Don't think the Giants could afford him after signing Canty and Boley. Not sure if they even have 1M in cap space.

 

[Sicilian]

Re: Lions.Seahawks swap Redding,Peterson

If the Lions wanted him, they probably weren't going to risk him going elsewhere in free agency. I mean, not many people would sign with the Lions if they had other options

 

[solman]

Re: Lions.Seahawks swap Redding,Peterson

This trade is all about money!

By completing this trade, Detroit moves $5.5M of Reddings amortized compensation into the 2009 cap year, effectively reducing the cash that the Lions have to spend in 2009 by $5.5M.

Detroit (the city) isn't doing well right now. GM and Ford are insolvent. And guess which family who owns the Lions and their stadium (hint: its called Ford Field).

I'm not predicting that the Family is forced to sell the Lions (although I wouldn't be shocked either).

I _am_ predicting that they dump salary in 2009 and 2010, and pocket upwards of $50M in the name of financial solvency.