The Saints have signed safety Sharrod Neasman, according to Herbie Teope of NFL.com (on Twitter). To make room, the team cut fellow safety Mykkele Thompson, who signed a reserve/futures deal with the team in January. 
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Neasman worked out with the Saints during their rookie camp in May. The 26-year-old has been on the Saints’ radar for a while and New Orleans even tried to sign him off of the Falcons’ practice squad in the last two years. If Neasman continues to perform in practice, he could have a real chance at sticking on the roster.
Neasman saw time in 14 games for the Falcons from 2016-17 but was non-tendered this offseason. An April audition with the Chiefs didn’t yield a deal, but he has found a home with the Saints.
As shown on Roster Resource, Neasman will be competing with Kurt Coleman, Chris Banjo, and fifth-round pick Natrell Jamerson for playing time and a place on the final roster this offseason. The Saints will return Marcus Williams and Vonn Bell as their starters in 2018.