Saints General Manager Mickey Loomis said this week that he hasn’t spoken to quarterback Drew Brees about an extension that would lower his $30 million cap charge, but continued to express confidence this week that the team will work things out in a “way that helps our team.”
While they wait to work out the Brees situation, the team has reportedly struck another deal to help clear cap space ahead of the new league year. Field Yates of ESPN.com reports that defensive end Cameron Jordan has agreed to restructure the deal he signed with the team last year.
Per Yates, a $6 million roster bonus that Jordan was set to receive this year has been transformed into a signing bonus. That creates $4.8 million in cap space this year and pushes $1.2 million in cap charges into the four remaining years on the deal.
Jordan has played every game for the Saints since joining the team in 2011 and is coming off a 45-tackle, 10-sack season in New Orleans.