Saints Restructure Contracts, Save $23M Against Salary Cap
The New Orleans Saints have adjusted center Erik McCoy's contract by converting his salary and roster bonus into a signing bonus, freeing up $7.18 million in 2024 salary cap space but adding to their long-term cap issues, as they remain about $75 million over the 2024 salary cap and need to make more moves to get under the cap by March 13.