The Saints have reportedly restructured the contract of wide receiver Michael Thomas, clearing up significant cap space and suggesting that the former All-Pro will be back on the field in New Orleans in 2022.
According to ESPN’s Field Yates, the Saints converted $14.565 million of Thomas’s 2022 compensation into a signing bonus. Additionally, New Orleans did the same with Ryan Ramczyk’s deal, converting $18,206,608 of the offensive tackle’s base salary.
Base salaries count against the entire 2022 cap, whereas signing bonuses are spread equally across all years of the players’ remaining contracts. That means the Saints were able to free up $26.