The saints are necessarily busy with finances, as they try to reach the salary cap and try to overcome it.
The day after the news that the Saints were considering negotiating with defense Malcom Brown to get some relief, New Orleans agreed to a two-year deal with security and special technician JT Gray, keeping him and the team in a deal. $ 4 million ($ 2 million) guaranteed, said NFL Network Insider Ian Rapoport.
Perhaps more importantly, the Saints also restructured David Onyemata’s defense contract, creating $ 4.34 million in cap space, for Rapoport.
The Saints will have to constantly reduce the issue of the salary cap in a way like this if they want to try to remain competitive and, at the same time, stay below the ceiling. A move like negotiating with Brown would make sense, as he is in the final year of a three-year deal and his departure combined with the restructuring of Onyemata would free up nearly $ 10 million in space. And many smaller moves – including new signatures and restructurings – are sure to keep coming.
Here are other news that Around The NFL is monitoring on Wednesday:
- The following is a full review of JJ Watt’s two-year defensive contract with the Arizona Cardinals, by Rapoport: $ 12M signing bonus; Base value of $ 14.5 million in year 1; $ 28M base over 2 years, max $ 31M; $ 3 million in bag-based incentives; 10 bags in 2021 earn you $ 1 million and a $ 1 million escalator in 2022 and 10 bags in 2022 earn you another $ 1 million.