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The Saints of New Orleans opened a cap space.
Tom Pelissero of the NFL reports that the Saints have restructured Drew Brees' contract to release $ 10.8 million in salary ceiling space, according to an informed source of the move.
Brees will still get the $ 23 million in cash it's due in 2019, but the simple restructuring will push the ceiling to 2020, freeing up space.
The Saints had only $ 4.987 million in space before the contract was maneuvered. New Orleans needs space to hope to sign backup quarterback Teddy Bridgewater again, continue to the extreme tight Jared Cook and host the visiting Ziggy Ansah scoring pass.
As Brees begins its under-40 season, New Orleans officials are trying to improve the lineup to compete in another Super Bowl. To do this, they need some leeway.
Generally simple restructurings like this do not even reach the level of legitimate novelty. NFL teams use them all the time to create cap flexibility while staying on the road.
What makes the Brees situation interesting, that's how huge that "can kick" is becoming for the saints.
Brees' current contract that it signed last year included a cancelable year in 2020 to spread its signing bonus cap on the two-year contract. With the restructuring, the Saints will see a cap of $ 20 million and more on the quarterback without himself be under contract. If Brees decides to keep playing, the team will have to use more creative accounting for the numbers to work again next year.
Finally, as always, the bill will be due. The saints will worry about it another day. At the moment, they are trying to form the best possible team to chase this second Lombardi trophy.
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