So how much salary cap space do the New Orleans Saints have at their disposal after restructuring their contracts with linebacker Demario Davis and utility player Taysom Hill? Converting salaries to signing bonuses with each of them saved the Saints about $12.7 million, but they were over the cap by a substantial margin before knocking those items off their offseason checklist.
Well, they don’t have any spending room yet. The Saints are still over the 2023 salary cap by as much as $18.1 million, per Over The Cap (a more conservative estimate from Spotrac has New Orleans in the red by $17.2 million). But the finish line is within sight.
