Report: Saints restructure Thomas' deal, plan to cut Brown
The New Orleans Saints continue to work their magic to get under the NFL's $182.5-million salary cap.
The Saints have restructured wide receiver Michael Thomas' contract, gaining $8.7 million in cap room, Ian Rapoport of NFL Network reports.
Additionally, New Orleans plans to release defensive tackle Malcom Brown, a source told NFL reporter Josina Anderson. The move will save the team about $4.94 million against the cap, according to Over The Cap.
The Saints have already reworked the deals of safety Malcolm Jenkins, guard Andrus Peat, defensive end Cam Jordan, and linebacker Demario Davis to help alleviate their cap issues.
New Orleans also released wide receiver Emmanuel Sanders, cornerback Janoris Jenkins, and linebacker Kwon Alexander in recent days to save more than $19.5 million against the cap.
The NFC South team was previously about $65 million over the cap, by far the worst such mark in the league. But the Saints should have that number down to roughly $16.8 million after reportedly restructuring Thomas' deal, according to Over The Cap.
Thomas, 28, had an injury-plagued 2020 season, finishing the year with 40 catches for 438 yards and no touchdowns. He broke the single-season NFL catch record with 149 receptions for 1,725 yards in 2019.