The Saints have found a couple of ways to open extra cap space in recent weeks. ESPN’s Field Yates reports (via Twitter) that the organization reworked the contracts of cornerback Bradley Roby and defensive end Marcus Davenport.
[RELATED: Texans Trade Bradley Roby To Saints]
Roby’s restructuring comes on the heels of his trade to New Orleans earlier this month. After the Saints sent a 2022 third-round pick and a conditional 2023 choice to the Texans, they converted $847K of the player’s salary into a bonus. This move created a bit more than $677K in cap space. Per Aaron Wilson (on Twitter), this transaction was possible thanks to the Texans’ willingness to cover $7.58M of Roby’s salary and roster bonus.
The veteran’s cap hold in 2021 is now $1.18MM, but it’s a whopping $10.169MM in 2022. Roby also now has void years in 2023, 2024, 2025 at $25MM per year. The 29-year-old’s suspension ended earlier this week, meaning he should make his season debut this weekend.
Davenport also helped his team open some extra cap by converting $1.35MM of his salary into a bonus. Similar to Roby, the defensive end will also get three void years tacked on to the end of his contract. The move opens up about $1.08MM in cap space. Davenport started New Orleans’ season opener, collecting three tackles, two tackles for loss, and one sack. He was placed on IR this week after suffering a shoulder injury.
I assume the void years are at $2.5M per year?