The New Orleans Saints have created $4.8 million more in cap space by converting Cam Jordan‘s $6 million roster bonus into a signing bonus, a source confirmed to The Advocate on Wednesday.
By converting Jordan’s hit into a signing bonus, the Saints spread the charge out over the five seasons of the contract, meaning there’s now a $1.2 million cap hit in each of the five years of the $60 million extension Jordan signed last summer.
For the Saints, the move has become an annual ritual, converting a bonus in order to save cap space.
Now that Jordan’s move has happened, New Orleans has trimmed roughly $12 million off of its salary cap number heading into the 2016 season. Releasing Jahri Evans, David Hawthorne, Ramon Humber and the expected release of Brandon Browner accounts for the other savings.
New Orleans could take another big chunk off of its cap figure by extending the contract of quarterback Drew Brees, a move general manager Mickey Loomis told SiriusXM he still plans to get done.
Jordan, who was made the face of the defense with his extension last summer, responded by playing 981 snaps — an astronomical number for a defensive lineman — and making 10 sacks, 15 tackles-for-loss and 20 quarterback hits to earn his second Pro Bowl berth.
ESPN reported the news first.