The New Orleans Saints converted over $8 million of Davenport’s $9.5 million salary into a signing bonus on Tuesday. This move created roughly $6.8M in the team’s 2022 salary cap space, per Adam Schefter.
Davenport was entering the final year of his deal and due $9.5M on the fifth-year option. New Orleans also added four void years onto the end to spread out the savings.
These following players have restructured so far this off-season:
- Michael Thomas - $14.565 million
- Ryan Ramczyk - $18,206,608
- Andrus Peat - $9.73 million converted ($6 million freed up)
- Malcolm Jenkins - $3.4 million
- Cam Jordan and Tanoh Kpassagnon - $12,445,412 converted
- Alvin Kamara - $10.465 million converted ($8.372 million freed up)
- Marshon Lattimore - $18.45 million
- Marcus Davenport - $6.8 million of cap space freed up
The Saints began the off-season roughly $75-$79M over the cap, which is now a thing of the past. The Saints have accomplished this without cutting or trading one player. We should expect more moves dedicated to creating more cap space soon and even bigger changes to the roster, as the QB situation is still up in the air.
Stay tuned to Canal Street Chronicles for the latest news on the New Orleans Saints.