According to Yates, the Saints converted $3 million of Unger‘s $4.5 million base salary into a signing bonus that will be prorated over the remainder of the agreement.
As things stand right now, the Saints have around $6.58 million in available cap space to work with.
Unger, 29, came over from the Seahawks in the trade that sent TE Jimmy Graham to Seattle. He has two years remaining on his five-year, $25.5 million contract that included $12 million guaranteed.
Unger was set to make base salaries of $4.5 million and $4.25 million over the next two years.
In 2014, was limited to appearing in just six games for the Seahawks, due to foot and ankle injuries.