The New Orleans Saints have restructured the contracts of DE Cameron Jordan and P Thomas Morstead, according to Evan Woodbery.
The Saints had to do something in order to free up some addition cap space and fit their recent signings into their cap, and with contract talks with QB Drew Brees nowhere close to an agreement, Jordan was their best source of cap space.
According to Woodbery, the Saints converted $2.73M of Jordan’s 2016 base salary into a signing bonus and took $2.1 million of Morstead’s 2016 base salary and did the same thing.
After the teams recent signings, the Saints now have $3.03 million in available cap space.
Jordan, 26, is a former first-round pick of the Saints back in 2011. He’s in the second year of his six-year, $61.969 million contract that includes $33.469 million guaranteed.
In 2015, Jordan appeared in all 16 games for the Saints and recorded 46 tackles, 10 sacks, a forced fumble two recoveries, and five pass defenses.
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