Saints News

New Orleans Saints will take $2 million cap hit from Mark Ingram in 2015

shootsmcgavin
facebooktwitterreddit

I’m sure the world has heard, but the New Orleans Saints and Mark Ingram reached a deal Saturday that will preserve the running back’s talents in the Crescent City.  He was set to hit the market as an unrestricted free agent, but he and the club agreed to terms on a four-year, $16 million contract.

Details on the arrangement are beginning to surface courtesy of Aaron Wilson of the National Football Post, and it looks like the team will take a cap hit of $2 million after some math done by Nick Underhill of the The Advocate.

The deal contains $7.6 million in guaranteed money as well as a $3.6 million signing bonus.  It also consists of an annual workout bonus worth $100,000.

His base salary will be $1 million in 2015, $3 million in 2016 and $4 million in 2017 and 2018.  The contract also contains $500,000 in roster bonuses in 2017 and 2018.  Incentives worth up to $200,000 and $400,000 will be awarded in 2016 and 2017 for performance — rushing yards to be precise.

According to Underhill, the last year of the agreement will void if Mark Ingram makes a Pro Bowl appearance between 2015-2017 or if he is named as an All-Pro in 2017.

Releasing RB Pierre Thomas saved the team $1.735 million last week.  Doing so means Ingram will essentially be taking Thomas’ place in 2015.  The Saints needed to find a way to retain Ingram’s talents, and they did just that by striking a solid deal that will not hurt the team too much financially.  Now, New Orleans will have to search for a pass-catching running back if restricted free agent Travaris Cadet is left to walk, which is assumed to happen.  The free agent period begins tomorrow (March 10).

More from Who Dat Dish

facebooktwitterreddit