Saints 2013 Salary Situation: Breaking Down New Orleans' Current Cap Status
According to Spotrac.com, New Orleans now has just over $5.15 million in cap room to play with. Four recently-signed players have not been calculated into this figure because financial terms of their contracts have not been reported; Courtney Roby, Ben Watson, Ramon Huber and Will Herring.
Here's the breakdown of the Saints' cap situation.
Signings and Other Contract Moves
March 21: The Saints brought linebacker Will Herring back on a one-year deal, according to WWL-TV. Financial terms were not disclosed.
March 18: New Orleans re-signed LB Ramon Humber to a one-year deal, according to the New Orleans Saints. Terms have not been disclosed.
March 18: TE Ben Watson was signed to a three-year deal, according to ESPN. Terms were not disclosed.
March 17: The Saints brought back WR/KR Courtney Roby, according to the Times-Picayune. Financial terms were not disclosed.
March 14: CB Keenan Lewis was added to the roster Thursday. He signed a five-year, $26 million contract, according to the Chicago Sun-Times.Lewis' cap hit for 2013 will only be $1 million, according to Spotrac.
March 13: LS Justin Drescher signed a four-year contract to remain with the Saints on Wednesday, according to the Times-Picayune. Financial terms have not been disclosed.
March 12: The details of LB Jonathan Vilma's restructured contract have been made available. He will make $1 million in 2013 instead of $4.8 million, according to the Times-Picayune. This is the final year of Vilma's contract.
March 12: The details of DE Will Smith's restructured contract have been made available. He will make $3 million in 2013 instead of $9 million, according to the Times-Picayune. Smith is still slated to make $10.4 million next year, the final year of his contract.
March 12: Restructured contracts for DE Will Smith and LB Jonathan Vilma.
March 12: New Orleans released backup linebacker Will Herring on Tuesday, according to the Times-Picayune. The move saved the Saints $1.6 million in cap space.
March 9: OLB Junior Galette; Three-year deal, terms unknown.
March 8: RB Chris Ivory; Second-round RFA tender, $2.023 million.
March 8: C Brian de la Puenta; Second-round RFA tender, $2.023 million.
Saints Restructure Deals with DE Will Smith and LB Jonathan Vilma
It’s still not known just how far the New Orleans Saints are under the 2013 NFL salary cap. All that is known is that the moves to restructure deals for defensive end Will Smith and linebacker Jonathan Vilma got the team under the $123 million cap figure before the 3 p.m. deadline Tuesday.
Larry Holder of the Times-Picayune did shed some light on the new contracts for both Smith and Vilma, however.
Smith’s base salary drops from $9 million to $3 million while no years were added. His contract goes through the 2014 season.
Vilma’s base salary for 2013 was supposed to be $4.8 million, but restructuring reduced that figure to $1 million. The 2013 season will be Vilma’s final year under contract with New Orleans under the current agreement.