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NFL Transactions Report

Update

New Orleans Saints safety Roman Harper was a late arrival at Thursday's Organized Team Activity session, and we might know why now. Harper signed a renegotiated contract Thursday, according to a league source and the NFL.com's transaction page.

The Saints added one more year to Harper's contract as it now expires in 2015. Harper's base salaries for his new deal are as follows: 2013 - $840,000; 2014 - $2.35 million; 2015 - $2.7 million.

The Saints saved $3.44 million against this year's salary cap by signing a new deal with Harper. He will count $3.66 million against the cap now, down from $7.1 million. Already $2.6 million of Harper's base salary was guaranteed this season as the contract stipulation was triggered on the third day of the league year in March.

Harper took a pay cut of $1.5 million this year as part of the deal (from $5.35 million to $3.85 million). But it was a win-win now that he gets almost all of the money up front and doesn't have to worry about being released as a cost-saving measure.

Harper received a signing bonus of $2.91 million, plus a base salary of $840,000 in 2013. He also kept his $100,000 workout bonus.

Harper's 2014 base salary will drop from $6 million to $2.35 million, with another $800,000 in bonuses. His cap number will drop from $7.9 million in 2014 to $5.87 million. This will help the Saints a little bit as they were to carry nearly the league's highest cap cost with $145.5 million committed for 2014 before Harper's restructured deal.

Harper's 2015 base salary will be $2.7 million that year, with another $800,000 in bonuses and a cap figure of $4.47 million.

New Orleans Saints safety Roman Harper signs 'renegotiated' contract, league source confirms | NOLA.com

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