The New Orleans Saints have done some tweaking to left tackle Terron Armstead's contract, according to ESPN NFL reporter Field Yates.
Source: Saints OT Terron Armstead had a $5M roster bonus converted to a signing bonus, creating $4M in cap space in 2017 for the team.— Field Yates (@FieldYates) March 23, 2017
The move creates an additional $4 million in cap space by converting Armstead’s roster bonus to a signing bonus, and it should only fuel the rumors and speculation of the Saints trading for New England Patriots cornerback Malcolm Butler, who would most likely sign a long-term deal if he ended up being dealt.
The Saints had several options to create more cap space by restructuring contracts, and this move could be a big one in the grand scheme of things. Of course, the front office could simply be making space to be in a better spot for any other veteran free agents they might have their eye on.
Shifting roster bonuses to signing bonus is a common practice that clubs and the Saints in particular have performed to create more salary cap space.