- Triplett adds that he’s “not sure if that magic number is $2 million or $4 million.“
This news fits with a previous report from Jason Cole, who mentioned that sources expects the Saints to approach Colston about taking a “significant” pay cut this offseason.
As long as the pay cut is reasonable, Cole expects Colston to remain with the team for another year. Otherwise, he could be a free agent in the coming months.
The Saints are, once again, in a tough financial situation as they are currently projected to be $23 million over the cap next year.
Colston, 31, signed a five-year, $36.3 million contract that included $17.7 million guaranteed with the Saints back in 2012. He still has another two years remaining on this agreement with base salaries of $6.9 million and $7.7 million coming his way.
Releasing Colston would free up $4.3 million and create $5.4 million in dead money, according to OverTheCap.com. His cap number currently sits at $9.7 million.
In 2014, Colston caught 59 passes for 902 yards receiving and five touchdowns.