According to NFLPA records the Saints have restructured the contract of P Thomas Morstead. The move is a simple restructure in which the team converted $1.25 million of Morstead’s salary into a bonus to gain $1 million in cap space. As of Friday the Saints had about $934,000 in cap room. Adding $1 million to that figure gives New Orleans a bit more breathing room during the 2013 season.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.