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Vilma’s new deal includes a $1 million signing bonus, but his base salary dropped from $5.4 million to $3.3 million for 2012. The Saints also added a $600,000 roster bonus, which might not come into play, if Vilma is suspended. The deal also kept a $100,000 workout bonus. In short, the cash value of Vilma’s deal for this year, dropped from $5.5 million to $3.3 million. For the Saints, the important thing is that Vilma’s cap figure for this year dropped from $7.6 million to $4.9 million.

The Saints gave Greer a three-year contract extension that helped them lower his cap figure this year. Greer’s new cap figure is $5.4 million. It had been scheduled to be $6.25 million. Greer’s base salary for this season dropped from $5.4 million to $2.4 million, but he collected a $5.3 million signing bonus. Greer also is scheduled to earn a $100,000 workout bonus and can earn an extra $1 million this year in incentives and escalators.

Greer’s extension includes $11.3 million in guaranteed money. The total value of the deal is $21.1 million, but that could rise to just over $22.5 million if he hits on all incentives and escalators.

Contract details on Vilma, Greer - NFC South Blog - ESPN

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