Saints Restructure Contracts, Save $23M Against Salary Cap
TL;DR
The New Orleans Saints have adjusted center Erik McCoy's contract by converting his salary and roster bonus into a signing bonus, freeing up $7.18 million in 2024 salary cap space but adding to their long-term cap issues, as they remain about $75 million over the 2024 salary cap and need to make more moves to get under the cap by March 13.
- Saints adjust Erik McCoy's contract to push salary cap space to future years NBC Sports
- Saints rework Derek Carr's deal, save $23M vs. cap, sources say ESPN
- Saints QB Derek Carr has reportedly restructured contract to clear up $23M in cap Yahoo Sports
- Saints restructuring Derek Carr's contract to save $23 million against the salary cap, per report CBS Sports
- NFL Rumors: Derek Carr's Saints Contract Restructured to Save $23M in 2024 Cap Space Bleacher Report
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