Saints restructure contracts of Cam Jordan & Thomas Morsted

voodooido · 03-29-2016, 09:34 AM

Originally Posted by B_Dub_Saint

This move gives us 3 million in cap space.

Credit to Nick Underhill:

Saints opened up some cap space by reworking the contracts of Thomas Morstead and Cam Jordan.

Morstead, who previously had a base salary of $3 million, is now listed by the NFLPA at $900,000 this season. This suggests he converted $2.1 million of his salary into a signing bonus.

Jordan, who was listed with a base salary of $3.5 million, now has a base salary of $765,00.

The Saints now are listed as having more than $3 million in cap space. They had $273,000 before making these moves.

However, it does not appear that figure takes into account the contracts of tight end Josh Hill, which is expected to count as a $1.5 million salary-cap charge, and defensive tackle Nick Fairley.

Not quite sure where he got his info on Morsted but everything I read had him at 4.45 mil against the cap.

03-29-2016, 09:34 AM	#13
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,839	Re: Saints restructure contracts of Cam Jordan & Thomas Morsted Originally Posted by B_Dub_Saint This move gives us 3 million in cap space. Credit to Nick Underhill: Saints opened up some cap space by reworking the contracts of Thomas Morstead and Cam Jordan. Morstead, who previously had a base salary of $3 million, is now listed by the NFLPA at $900,000 this season. This suggests he converted $2.1 million of his salary into a signing bonus. Jordan, who was listed with a base salary of $3.5 million, now has a base salary of $765,00. The Saints now are listed as having more than $3 million in cap space. They had $273,000 before making these moves. However, it does not appear that figure takes into account the contracts of tight end Josh Hill, which is expected to count as a $1.5 million salary-cap charge, and defensive tackle Nick Fairley. Not quite sure where he got his info on Morsted but everything I read had him at 4.45 mil against the cap.
voodooido 1000 Posts + Join Date: Oct 2009 Posts: 2,839

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