Stop us if you’ve heard this one before, the New Orlean Saints are manipulating the salary cap.
They’re back at it again, without the white vans. On Thursday afternoon the Saints restructured the contract for quarterback/tight end/running back/pretty much everything else Taysom Hill.
According to a report from Over The Cap, the Saints converted nearly $9 million into a signing bonus for the utility player and created nearly $7 million in extra cap space.
Here are the details from Over The Cap:
The Saints restructured the contract of TE Taysom Hill, converting $8.79 million of salary into a signing bonus and creating $6.59 million in the process. Hill’s 2025 salary cap number will increase by $2.19 million to $17.986 million. There is now $9.7 million in void year salary cap charges that are set to hit the salary cap in 2026 if Hill’s contract voids.
This marks the third year in a row that the Saints have restructured Hill’s contract for cap relief. The team converted $9 million in 2022, $8.8 million in 2023, and now $8.79 million in 2024. If released next year the Saints would face a dead money charge of $17.7 million due to all of the restructures.
With the latest adjustment to the cap, the Saints should have just north of $12 million in cap space heading into the 2024 season.