Saints News

Saints, Jairus Byrd Restructure Contract to Clear Cap Space

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The New Orleans Saints and safety Jairus Byrd have agreed to restructure his cotract, saving the team $4.8 million against the salary cap by converting his $6 million roster bonus to signing bonus.

Initially reported by ESPN’s Field Yates, the deal makes Byrd’s cap drop from $10.3 million to $5.5 million.

Jairus Byrd was acquired in 2014 after the Saints made a giant and surprising splash in the free agent market, but the former Buffalo Bills standout only made it through four games before suffering a gruesome knee injury in an early-October practice.

However, he tweeted Wednesday afternoon that he has officially been cleared for the 2015 season — his presence will be crucial in the help of getting the struggling defense back on track.

Byrd was a three-time Pro Bowl selection during his tenure in Buffalo, tallying a breathtaking 22 interceptions, NFL-leading numbers at his position from 2009-13.  He was selected by the Bills in the second round of the 2009 NFL Draft out of Oregon.   In his four games with the Saints, Jairus Byrd totaled 22 tackles, two passes defended and a forced fumble.

His contract with the Black and Gold is a six-year deal worth $54 million with $26.3 guaranteed.  The restructured contract for 2015 is and agreement between Byrd and salary cap master/general manager Mickey Loomis that will ultimately help the team make another splash in this year’s free agent market.

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