The San Francisco 49ers have traded LB Parys Haralson to the New Orleans Saints according to Matt Maiocco of CSNBayArea.com. The 49ers made it known earlier this week that they were shopping Haralson and the Saints, who have supposedly lost LB Will Smith for the season, were a logical destination.
Haralson, who was injured all of 2012, renegotiated his contract earlier this season to remain with San Francisco. The Saints will take on $1.15 million in salary obligations as well as another $150,000 in per game roster bonuses that could push his cap charge to $1.3 million on the season. New Orleans was just $5.1 million under the cap earlier today so they would seem to be a team that will be right up against the salary cap for most of the season. Haralson also has $400,000 in incentives that he can earn, however that money will not count towards the cap this season.
Terms of the trade were not disclosed but it is possible that compensation could be tied to the Saints re-signing Haralson, who is set to be a free agent after the season. San Francisco will gain around $670,000 in net cap room following the trade.
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.