Cap maneuvering leading into the season:
– The Broncos restructured WR Courtland Sutton’s contract to create $9.5M in cap
– The Panthers restructured the contracts of OT Taylor Moton and DT Shy Tuttle to create $10.7M
– The Saints restructured TE Juwan Johnson to create $3.5M
— Field Yates (@FieldYates) September 4, 2024
The NFL regular season is upon us, and some teams are completing last-minute moves to cut new deals and work around the salary cap — including the New Orleans Saints. ESPN’s Field Yates reports that the Saints restructured their contract with tight end Juwan Johnson to free up $3.5 million in salary cap space.
Remember, this isn’t a raise or a pay cut. Johnson is just getting money he was already owed paid out in a different way. For the Saints, the goal was to save $3.5 million against the salary cap. The consequence? If Johnson does not sign an extension next year and leave in free agency, it’ll leave behind about $6 million in dead money. That’s nothing compared to the hefty cap hits left behind for departed free agents like Andrus Peat ($13.6 million), Michael Thomas ($11.1 million), David Onyemata ($10.1 million) and Marcus Davenport ($7.6 million), but it’s still something you’d like to avoid.
Hopefully Johnson performs well in Klint Kubiak’s offense and earns a new deal. Getting him under contract for the foreseeable future as a playmaking tight end and reliable weapon for Derek Carr (or whoever is under center in New Orleans by 2025) would be nice. But those are questions to be answered tomorrow. For today, the Saints are happy to have a little more financial flexibility, while Johnson is happy to have a little more financial security.
