Saints Get Big Cap Relief With Latest Roster Move

The New Orleans Saints continue an uphill battle with their salary cap at the start of the NFL offseason. New Orleans pulled off a savvy move to clear approximately $4.856 million of Marcus Maye's contract to cap space, but they have a long road ahead.

As of now, the Saints are still more than $44 million over the cap. On Monday, the front office pulled off another smart maneuver.

The Saints have converted $10M of C Erik McCoy’s 2023 compensation into a signing bonus (while adding a void year), creating $8M in cap space, per source.
— Field Yates (@FieldYates) February 20, 2023

According to NFL insider Field Yates, New Orleans converted $10 million of center Erik McCoy's contract into a signing bonus for 2023. This creates about $8 million more in cap space next season.

Based on the current projections, this moves the Saints from $44.3 million over the cap to $36.3 million over. In addition to the move to convert $10 million of McCoy's contract into a signing bonus, the Saints also added a void year to his deal.

McCoy started all 13 of the games he appeared in last season, recording just 5 penalties across nearly 800 offensive snaps.

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