As they often do, the Saints have restructured a contract to give themselves some cap relief this year, but they put themselves in a more difficult position in future years.
This time it’s Taysom Hill who has reworked her contract, according to multiple reports.
The restructuring of Hill’s contract converts most of his 2024 base salary into a signing bonus. While base salaries hit the salary cap in the year they are paid, signing bonuses are spread over the remaining years of the contract. So Hill will count less against the Saints’ cap this year but more against the Saints’ cap in future years.
Hill is now scheduled to have a cap hit of $9.2 million in 2024 and a cap hit of $18 million in 2025.
According to OverTheCap.com, the Saints are now $12 million under the salary cap by 2024, and are projected to be $88 million over the salary cap by 2025. They will have many more contracts to restructure next year.