Jahri Evans took a pretty substantial pay cut — at least for accounting purposes.
By reworking his contract and adding an additional year to his deal, the New Orleans Saints guard is now scheduled to count $7 million against the cap instead of $11 million.
The guard received a $5.4 million signing bonus as part of the deal, according to a source. His three-year deal contains $9.5 million guaranteed.
Evans’ base salary is fully guaranteed in 2015 and he will also receive a roster bonus of $500,000 and a $100,000 workout bonus. His base salary is down from his previously scheduled $6.8 million.
Evans will receive a $3.8 million base salary in 2016, $2 million of which is guaranteed. He also has a $1 million roster bonus and a $100,000 workout bonus. His total charge for that season will be $8.2 million, down from $10.2 million.
In 2017, Evans has a $4.9 million base salary, $1 million roster bonus and a $100,000 workout, for a total cap charge of $7.8 million.
The deal contains salary escalators in 2016 and 2017.
In addition, newly-signed cornerback Kyle Wilson received the minimum salary benefit. He will make a base salary of $745,000 and receive a signing bonus of $80,000. His cap charge for 2015 will be $665,000.
The Saints are now listed as having $4,689,806 in cap space. They previously had $844,806 available before these moves.