According to Field Yates, a reporter for ESPN, the Saints created $2.6 million in salary cap space by turning $5.2 million of Drew Brees' base salary into a signing bonus, making his cap hit for 2016 now $30 million.
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Saints created $2.6M in cap space by turning $5.2M of remaining base salary Drew Brees is owed this year into signing bonus, per @FieldYates
— Adam Schefter (@AdamSchefter) September 30, 2015
So the #Saints look like they're freeing money...maybe for another signing?