The New Orleans Saints created some much-needed space beneath the NFL salary cap by restructuring contracts with left tackle Terron Armstead and wide receiver Michael Thomas, per NewOrleans.Football’s Nick Underhill. It’s a logical decision considering Armstead and Thomas ranked second and third for the Saints in salary cap hits for the 2020 season.
While the specifics about how much room the Saints have found is unclear, we can take an educated guess. Armstead carried a cap hit of $16 million, but $10.7 million of that is tied to his base salary — much of that can be converted into a signing bonus, which would be prorated over the next few years.