The Saints continue to clear a path in cap space with every move they make, especially within the next week.
Entering the offseason the Saints found themselves over $100 million in cap space. Here’s every transaction the Saints made to get under the cap.
*Update: the Saints are officially under the cap. The cap number isn’t known yet because the details to Terron Armstead’s contract restructure have yet to be released.
Restructure of Drew Brees: saves $24 million.
Releasing of Nick Easton: saves $5.87 million.
Restructure of David Onyemata: saves $4.3 million.
Releasing of Josh Hill: saves about $2.5 million.
Releasing of Jared Cook: saves us $9 million due to a duster bonus we don’t have to pay him now.
Restructure of Wil Lutz contract: saves $1.74 million.
Releasing of Thomas Morestead: saves $2.5 million.
Restructure of Demario Davis and Cam Jordan contracts: saves $13.4 million.
Restructure of Malcom Jenkins: saves $3.4 million.
Restructure of Andrus Peat: saves $6 million
Releasing of Kwon Alexander: saves $13 million.
Releasing of Emmanuel Sanders: saves $4 million.
Releasing of Janoris Jenkins: saves $7 million.
Restructure of Michael Thomas: saves $8.7 million.
Trading of Malcom Brown: saves $5 million.
Restructure of Taysom Hill: saves $7.5 million.
Restructure of Terron Armstead: unknown yet (will put Saints under the cap).
Some transactions that have brought that number down include:
Resigning of J.T. Gray: around a $2 million cap hit
Franchise tagging Marcus Williams: $10.5 million cap hit
Resigning Noah Spence: $800K cap hit
Resigning Ty Montgomery: 990K cap hit
Resigning of Dwayne Washington: $1.13 million cap hit.
Resigning of Jameis Winston: $2.5 million cap hit.
Resigning of James Hurst: $3 million cap hit.
Mickey Loomis has just started the process and saved $50 million. Expect lots of news the next two weeks.
Written By Kadin Janisch
Images are used under section 107 of the Copyright Act 1976 allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.
If you own the rights to an image being used and would like it taken down, please email me and I will kindly do so.
More related articles here:
