With a pair of great decisions, the New Orleans Saints have suddenly created more than $26 million in cap room.
Fans of the New Orleans Saints were concerned about the team’s salary cap difficulties heading into the offseason. With that in mind, the front office has wasted no time in getting to work on resolving the issue.
They did so in a huge way this week, reworking the contracts of wide receiver Michael Thomas and offensive tackle Ryan Ramczyk. New Orleans has created $26.2 million in cap space in the blink of an eye with this move.
Source: the Saints’ cap moves are underway, as they’ve converted $14.565M of Michael Thomas’ compensation for 2022 and $18,206,608 of OT Ryan Ramczyk’s compensation for 2022 into signing bonuses, creating $26.217M in cap space.
— Field Yates (@FieldYates) February 26, 2022
Saints fans are expecting a strong year from Michael Thomas in 2022
Not only did the Saints free up cap space, but they also secured Michael Thomas’s services for the 2022 season. There has been a lot of trade speculation, especially after the standout receiver missed all of 2021 due to injury.
Thomas, on the other hand, is optimistic that he can have a big-time bounce-back season for this squad starting in September. As New Orleans prepares for the post-Sean Payton era, Thomas’ ability to revert to his former ways will be crucial for this squad.
Dennis Allen was named the team’s new head coach earlier this month. With so many moving components, you knew it was going to be a busy offseason for the Saints, not only in terms of contract restructuring but also in terms of looking for key playmakers in free agency.
While both of these initiatives are significant for New Orleans, they are merely the beginning. It’s going to be an exciting few months for Saints fans, who can’t wait to see what comes next.