The Saints have created a bit of financial breathing room by restructuring the contract of guard Larry Warford, according to Field Yates of ESPN.com (Twitter link). New Orleans has converted $5.5MM of Warford’s base salary into a signing bonus, opening up $2.75MM worth of cap space in the process.
Prior to reworking Warford’s deal, the Saints possessed the fourth-least amount of cap space in the league ($1.754MM), per Over the Cap. Now, they’ll have a little more room if they need to make more transactions — in-season signings, moving players to injured reserve, practice squad, etc. — throughout the remainder of the season.
Warford, 28, inked a four-year, $34MM deal with New Orleans prior to the 2017 campaign. After re-doing his contract, Warford now have cap charges of $7.85MM and $13.35MM in 2019 and 2020, respectively. Through three games this year, Warford has played 100% of the Saints’ offensive snaps while grading as the No. 9 guard in the league, per Pro Football Focus.