Report: Saints re-work Mathieu deal to clear more cap space
The Saints continue to creep closer to the salary cap as the countdown to the start of the 2023 league year is less than three weeks away.
NFL Media’s Tom Pelissero reported Friday morning that the Saints re-worked their contract with safety and New Orleans native Tyrann Mathieu to free up more than $4.6 million in cap space. While details were not immediately available, it’s expected that as the Saints do in most cases, Mathieu had part of his scheduled $7 million salary for 2023 converted into a bonus to allow the team to spread the cap hit over multiple seasons.
The #Saints restructured safety Tyrann Mathieu’s contract, clearing another $4.668 million in 2023 salary cap space. Continuing to chip away …
— Tom Pelissero (@TomPelissero) February 24, 2023
It’s the third reported restructured contract for New Orleans in a little over 24 hours. On Thursday, multiple reports indicated that tackle Ryan Ramczyk and kicker Wil Lutz had re-worked their deals to free more than $12 million in cap room.
According to numbers provided by Spotrac, the Mathieu move would move the Saints to within $23.4 million of the projected $224.8 million salary cap for the 2023 season.
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Lenny was involved in college athletics starting in the early 1980s, when he began working Tulane University sporting events while still attending Archbishop Rummel High School. He continued that relationship as a student at Loyola University, where he graduated in 1987. For the next 11 years, Vangilder worked in the sports information offices at Southwestern Louisiana (now UL-Lafayette) and Tulane;…