The New Orleans Saints are keeping up the good work with the salary cap. Now, one of the Saints leaders is joining the fun.
While it seems that a lot of followers of the NFL don't really know how the salary cap works at this point, or if it truly exists, the fact of the matter remains it watches over us all like Big Brother. Fortunately, teams like the New Orleans Saints have become strong players of the salary cap game, thanks to reworking, retooling, and reshuffling contracts in order to clear up space. The Saints had their work cut out for them this offseason, and they are answering the call.
Coming into the offseason, the Saints were almost $60 million over the cap, the worst situation in the NFL. Given that they are a team in the quarterback market, more likely than not through free agency, they need all the money available they can get. Of course, the Draft is always on the table, but given the history of this franchise, let's turn towards the free agency market and surmise that's where this gravy train is headed. "Those who don't learn from history" and so forth. You know, that old chestnut.
In early January, the Saints restructured the contract of Michael Thomas, and his contract may be completely off the books given his latest shenanigans. Earlier this week, safety Marcus Maye and center Erik McCoy had their deals reworked as well.
Then on Thursday, kicker Will Lutz reworked his deal, dropping his cap number by $1.5 million with stud tackle Ryan Ramczyk converting most of his 2023 salary to a signing bonus, clearing up $10.336 million in cap space for the Saints to work with.
Now, Tyrann Mathieu is showing to be a team guy as well, as his new contract structure creates $4.668 million in cap space. It should be no surprise, that the Honey Badger DOES care (dated internet reference but look it up kids, YouTube is your friend), considering he came to New Orleans, in the area he made his bones as a stud all-around player at LSU.
With these moves, the New Orleans Saints have saved themselves roughly $30 million in salary cap space to play with. Moves are being made, and it's only a matter of time before the big one is announced. It's just another day around the way in the NFL offseason.