Saints restructure contracts of Michael Thomas, Terron Armstead

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The Saints have restructured the contracts of receiver Michael Thomas and offensive tackle Terron Armstead, Nick Underhill of reports.

The team needed the cap space.

Armstead was scheduled to have the second-highest salary cap number on the team behind Drew Brees at $15.97 million, with Thomas third at $15 million.

It is unclear exactly how the Saints restructured the deals, but the moves could save the team up to $5.13 million, per

Cornerback Janoris Jenkins’ deal remains unchanged, but the Saints could rework it if necessary to create more salary cap room, according to Underhill.

5 responses to “Saints restructure contracts of Michael Thomas, Terron Armstead

  1. Hoping it’s to keep Vonn Bell or bring in a legit WR like Sanders. One can hope and wish.

  2. They just signed Thomas to an extension in July and they are already restructuring the deal? Eventually all these restructurings are going to come back and bite them.

  3. Trending toward a team wide effort toward maintaining integrity of key players and potential aquisitions to make an all in run for the super bowl after multiple almost there seasons.

  4. Kick that can down the road..go 13-3 in the regular season and once again Karma rears its ugly head in the playoffs, all courtesy of Payton/Brees

  5. Saints have been doing this the last 20+ yrs and are probably the best at managing the cap.

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