After linebacker Curtis Lofton stepped up and restructured his contract for this season, wide receiver Marques Colston, guard Ben Grubbs, guard Jahri Evans, and linebacker David Hawthorne followed in as well to help the New Orleans Saints with their current salary cap problems.
The move by Colston and the others helped cut $10.5 million off of their deficit and puts the team at close to $4 million over the projected salary cap which is $123 million. The team will have some work to do in order to be a player in free agency even if it’s to keep some of their own.
The Saints are reportedly interested in keeping tackle Jermon Bushrod who is looking for a nice contract. The Saints shouldn’t overpay Bushrod though since they are already strapped and he doesn’t really rank too high on receiving a huge salary.
There is also the questions of what to do with restricted free agents like running back Chris Ivory. Should the Saints assign him the minimum tender and risk losing him or give him at least a $2 million tender that could at least get them a second round pick in the draft?
Defensive end Junior Galette, center Brian de la Puente, and long snapper Justin Drescher are also slated to be restricted free agents this season and face the same question of what to do. Let’s don’t forget that tight end Jimmy Graham will also need a new contract this upcoming season.
General manager Mickey Loomis has some work left to do that could even include restructuring the contract of quarterback Drew Brees which will have serious reprecusions later on the Saints salary cap down the road.