Source: the Saints’ cap moves are underway, as they’ve converted $14.565M of Michael Thomas’ compensation for 2022 and $18,206,608 of OT Ryan Ramczyk’s compensation for 2022 into signing bonuses, creating $26.217M in cap space.
— Field Yates (@FieldYates) February 26, 2022
The New Orleans Saints have begun to make make cap space through two shrewd moves on Saturday morning. With the Saints over the cap by an estimated $76 million, the franchise needed to make some moves to free up space.