There’s one big item off the to-do list: the New Orleans Saints restructured their contract with defensive end Cameron Jordan to save $10 million in salary cap space ahead of the start of free agency, as first reported by ESPN’s Adam Schefter. The Saints are still over the cap by roughly $16 million so more work needs to be done before the cap-compliance deadline on Wednesday.
Jordan will carry a cap hit of about $15.7 million after redoing his deal, but he could leave behind as much as $15.3 million in dead money if he isn’t re-signed after the 2023 season. He’ll celebrate his 34th birthday this summer before entering the final year of his contract.
