State's chief Saints negotiator debating whether to accept 2006 salary
Whether Coulon is confident that the Saints will still be in New Orleans after the 2005 season was not mentioned, though if the team does leave, a chief negotiator obviously won't be a necessary expense.
As for the annual payment shortfall, the state is currently seeking $9 million to make the July 5 payment of $15 million. State Treasurer John Kennedy is quoted in the article as calling Louisiana's options "a last resort when you're down to virtually no alternative." The state is seeking a "revenue anticipation" loan, dedicating hopeful future tax revenue to make the payment in two weeks.
The blatant problem with such a plan was noted by Kennedy: "The obvious question is, if you use future revenues to pay back the revenue anticipation notes, what if your revenues don't increase? You're in the hole again."
It seems that such a hole will be a problem every July, if the Saints stay in Louisiana under the present arrangement.
As Matt Drudge would say: "Developing..."