The New Orleans Saints took a few key steps toward salary cap compliance on Thursday, restructuring their contract with standout right tackle Ryan Ramczyk and agreeing to bring back struggling kicker Wil Lutz with a pay cut. These two moves together saved $11.8 million in salary cap, leaving New Orleans above the 2023 salary cap by approximately $35.5 million.
Not bad considering they were over $58 million over the cap a few weeks ago and haven’t lost a single player. With a free hand on the horizon in March, it’s important that the Saints continue to line up their books to keep their best talent in town and prepare for new signings. What’s next?
We’ve outlined the many different roster moves and contract reshuffles available to the Saints this offseason, but they have some obvious choices ahead of them. Let’s summarize them briefly:
DE Cameron Jordan: Restructure ($10,001,250 Savings) or Extension ($10,668,000 Savings)
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CB Marshon Lattimore: Restructuring ($10,065,000 Saving)
LG Andrus Peat: Restructure ($7,995,000 Savings) or Designated Post-June 1 Release ($11,825,000 Savings)
QB Jameis Winston: Release labeled after June 1st ($12,800,000 saved)
However, teams are only allowed to release two players with a designation after June 1, and that’s also a likely option for wide receiver Michael Thomas (who saves $1,165,000), so it might be more viable to restructure Peats’ deal and to let him play . The point is, the Saints have multiple paths ahead of them to achieve salary cap compliance, and these four steps alone would do it. After that, they will look to make more room for free agents to sign in the coming weeks.
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Story originally appeared on Saints Wire
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