NFL Free Agency 2013: Will Smith, Jonathan Vilma Restructures and Herring Release Get Saints Under Salary Cap

John David Mercer-USA TODAY Sports

Instead of going on a signing spree, the Saints spent the first day of the 2013 NFL free agency period freeing up money to go shopping later.

We have a clearer picture of the New Orleans Saints salary cap situation now that details regarding the restructured contracts of Saints defensive players Will Smith and Jonathan Vilma have been released.

Larry Holder, of course, was the first reporter with the new contract information:

Along with the release of linebacker Will Herring, here is a look at what the front office accomplished today:

Player Old 2013 Base Salary New 2013 Base Salary Cap Savings
Will Herring Released Released $1.6 million
Will Smith $9 million $3 million $6 million
Jonathan Vilma $4.8 million $1 million $3.8 million
Total $11.4 million

Indeed, Larry Holder confirms that the Saints have saved about $11 million dollars in cap space with their work today.

In reality, we don't really know where the Saints stand with regard to the salary cap, only the Saints do. I've seen lots of different numbers from different sources. WWL-TV believes the Saints saved more money today and are even further below the cap.

There's no telling who is more accurate. But no matter whose numbers you use, the Saints are definitely under the salary cap.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join Canal Street Chronicles

You must be a member of Canal Street Chronicles to participate.

We have our own Community Guidelines at Canal Street Chronicles. You should read them.

Join Canal Street Chronicles

You must be a member of Canal Street Chronicles to participate.

We have our own Community Guidelines at Canal Street Chronicles. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9341_tracker