(5/2/2022 3:00 pm CST)
While the deal has not officially been signed, the terms of the deal between Tyrann Mathieu and the New Orleans Saints is reportedly in:
Deal is now in place: Saints and Tyrann Mathieu officially reached agreement on a three-year, $33 million contract, including $18 million fully guaranteed, per sources. Language still needs to be finalized and the deal signed. But Mathieu is returning home to New Orleans.— Adam Schefter (@AdamSchefter) May 2, 2022
It is unclear at this time how the $18 million in guaranteed money will be spread out over the life of the three year deal and/or if additional years will be tacked on to spread the cap hit out even further. The Saints have plenty of money to play with right now, but expect to see a low 2022 cap number for Tyrann Mathieu when all is said and done to allow the team to sign their 2022 rookie class and still have flexibility to make additional moves should the need arise.
Overall, this is a great deal for the New Orleans Saints and it could be even better if the cap hit is spread out in a way for the team is able to sign other veterans to help fill out the team this season.
Yes, it’s true! The Honey Badger is coming home!! Per reports, the New Orleans Saints will be signing free agent safety Tyrann Mathieu. It seems like years since Saints fans have been waiting to hear this news. Truthfully, it really has been since Mathieu declared for the draft in 2013. It’s also no secret that Cam Jordan and C.J. Gardner-Johnson were both actively trying to recruit Mathieu to the black and gold for weeks on Twitter. Well, it is finally happening, and everyone can breathe a sigh of relief.
Saints to sign safety Tyrann Mathieu. (via @RapSheet) pic.twitter.com/5D85SRTC1F— NFL (@NFL) May 2, 2022
The #Saints are making a key post-draft addition, as they’re expected to sign All-Pro safety Tyrann Mathieu, sources say. A long-awaited signing that should be finalized in the coming days, the Honey Badger lands in a perfect spot.— Ian Rapoport (@RapSheet) May 2, 2022
Source confirms that Saints have agreed to a deal with Tyrann Mathieu. Bringing the New Orleans native and former LSU star home and filling a big need on defense.— Mike Triplett (@MikeTriplett) May 2, 2022
Not often you see the biggest splash of a team's offseason in May. https://t.co/PTZxcXYwUN
The 3-time First Team All Pro and 3-time Pro Bowler, who currently has 610 tackles for 26 career interceptions and 10 sacks in his 9 NFL seasons will instantly make an impact joining the Saints. Mathieu who grew up in New Orleans, played for LSU and won a Super Bowl in 2019 with the Kansas City Chiefs, will now return home hoping to do the same with the Saints.
Stay tuned to Canal Street Chronicles as we will have more details when they come in.
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