The New Orleans Saints and Keenan Lewis have worked out a deal to restructure his contract on Thursday, according to Larry Holder of nola.com. This helped the team save $1.2 million for the 2014 season as the Saints were closing in on the salary cap ceiling for the year.
Lewis was due to make $3.3 million in 2014, but is now set for $1 million and $1.8 million in 2015. Due to the restructuring, his 2016 and 2017 cap numbers will hold an increase of $1.1 million.
According to the NFL Players Association, New Orleans now holds $3,089,212 in cap space. These numbers include the extension to Pierre Thomas (Saints save nearly $1.4 mil in cap space with new deal) and the new contracts for Ramon Humber and Joe Morgan.
It’s great to see the Saints and players work out deals like this. This restructuring did not require Lewis to take a pay cut, so both sides of the deal are kept happy. Saving the $1.2 million may give the Black and Gold a shot at another free agent floating around. Good news for both sides.