The Saints remain well over the 2021 salary cap, but they’re chipping away at it.
Jordan was scheduled to have an $18.9 million cap hit, the biggest on the team. Davis was scheduled to have a $10.8 million cap hit. The two moves are slated to shave more than $13 million off the Saints’ cap in 2021.
Restructuring contracts to create short-term cap space while pushing more money into the future is something the Saints have done a lot of in recent years. This year they have a bigger challenge than usual because the salary cap will shrink thanks to declining NFL revenues from the COVID-19 pandemic.
The Saints still have plenty of work to do to get under the cap before the league year starts on March 17.