His 6-year deal is apparently worth $54 million with $28 million of that in guaranteed money. That's $9 million a year.
Saints are giving former Bills S Jairus Byrd a six-year, $54 million contract, including $28 million guaranteed, per source.— Adam Schefter (@AdamSchefter) March 12, 2014
Yowza! That's a big fat contract. The biggest ever for a safety, in fact.
Jairus Byrd gets the largest contract ever handed out to a safety -- $54 mil/$28 guarantee. $4 mil more than Eric Berry did in 2010.— Eliot Shorr-Parks (@EliotShorrParks) March 12, 2014
Double yowza! Considering how little salary cap space the Saints have, I would hope this means they're really confident a long-term deal with Jimmy Graham is going to get done, which would push the current $7,035,000 franchise tag salary he's on the hook for into future years and free up some room. I'm sure his contract is very light on the front end and very heavy on the back end.