The annual work of chipping away at salary cap excess has begun for the New Orleans Saints, Luke Johnson of NOLA.com reports.
Needing to trim roughly $87 million off the 2024 books in order to be compliant with the salary cap, the Saints restructured cornerback Marshon Lattimore’s deal, creating a little more than $11 in cap relief for next season.
Lattimore was set to count more than $20 million against the salary cap next season. By converting nearly $14 million of his base salary into signing bonus and deferring the cap costs into future years, Lattimore will now count $14.6 million against next year’s cap.
By restructuring his contract, the Saints signaled that Lattimore is a part of the team’s plans for next season — a fact that was never in real jeopardy, considering the dead money the team would’ve had to eat if it traded or released Lattimore.
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