The Saints restructured the contracts of defensive ends Cameron Jordan and Tanoh Kpassagnon, creating $12.45MM in cap room (Twitter link via Field Yates of ESPN.com). Meanwhile, the Saints have also re-signed a pair of would-be ERFAs in defensive end Carl Granderson and defensive tackle Jalen Dalton. 
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That’ll help the Saints tamp down their payroll, but they still have lots of work to do. Heading into today, the Saints were projected to be $45.2MM over the salary cap, so they still have a franchise quarterback’s worth of dollars to carve out.
Jordan still has two to go on his deal, thanks to the three-year, $52.5MM add-on he signed in 2019. Jordan has spent his entire career in New Orleans, turning in near-perfect attendance and 175 total starts. This past year, Jordan notched his fifth-straight Pro Bowl nod with 12.5 sacks, 59 tackles, six passes defensed, and two forced fumbles.
Kpassagnon, meanwhile, notched four sacks in eight games (five starts) last year. The 6’7″, 289-pound edge rusher still has one year to go on his deal — his contract will remain largely unchanged via the simple restructure.