What is the story about?
It’s early in day two of free agency and the New Orleans Saints are already making money moves by restructuring the contract of center Erik McCoy.
McCoy signed a five-year, $63.75 million contract extension with the Saints in 2022.
By converting some of his base salary into a signing
bonus, McCoy’s cap hit of $17.68M is now reduced to $10.32M, which will save the Saints little over $7.3M against the salary cap.
