The Saints have cleared $4.8 million in cap space by tweaking Jairus Byrd’s contract.
The New Orleans safety converted his $6 million roster bonus to a signing bonus, spreading it out to hits of $1.2 million in each of the next five years, per NFLPA documents.
Byrd signed a six-year, $54 million contract to join the Saints last offseason after spending the first five years of his career in Buffalo.
His cap number for 2015 is now $5.5 million, down from $10.3 million.
The Saints are working to move money off the salary cap to get in compliance with league rules by March 10. The team needs to shed around $15 million more in salary.
New Orleans released running back Pierre Thomas on Wednesday to clear another $1.735 million from the cap.
Byrd suffered a torn meniscus in October that limited him to four games last season. He tweeted on Wednesday that he’s been cleared for action.
In a recent interview, Sean Payton said he expects Byrd to take part in minicamps.