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New Orleans Saints Restructure QB Drew Brees’ Contract for Cap Space

The Saints have restructured the contract of veteran quarterback Drew Brees according to Josh Katzenstein of the New Orleans Times-Picayune.

The basic restructure turned some of Brees’ salary into a signing bonus, creating $10.8 million in cap space. The move sends that $10.8 million hit into what will be a voided year in 2020, meaning Brees will count at least $21.3 million against the 2020 cap whether or not he is on the team.

That hit will be tough to swallow, but the Saints are as win-now as any organization in the league and have less available cap space than almost any other team in the NFL.

They are hosting tight end Jared Cook and defensive lineman Mario Edwards on visits, planning to host defensive end Ezekiel Ansah on a visit and hoping to re-sign backup quarterback Teddy Bridgewater and need cash to do so.

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