Saints Give Taysom Hill $140 Million Extension in Salary Cap Maneuver

Each of the four years on Hill's contract are voidable, with the extension saving New Orleans $7.5 million in 2021.

Derick E. Hingle/USA TODAY Sports

The Saints signed quarterback Taysom Hill to a four-year, $140 million contract extension on Sunday, according to ESPN's Adam Schefter.

It's unlikely Hill sees anywhere close to the reported $140 million on his new deal. All four years of Hill's extension are voidable, allowing the Saints to release Hill or restructure his contract once again without any penalty in the salary cap. The move will save New Orleans $7.5 million this season as the team faces a salary-cap crunch, per Schefter.

Saints are restructuring QB Taysom Hill’s contract to create cap room. Details are great: it’s a 4-year, $140 million contract extension - but all years are voidable and it’s a mechanism to free up cap space this year, per source. It saves Saints over $7.5M against cap this year.

— Adam Schefter (@AdamSchefter) March 14, 2021

Taysom Hill’s contract numbers this year include a $9.686 million signing bonus, a $1.439 million guaranteed roster bonus and a $1.034 million guaranteed base salary, plus incentives, per source. https://t.co/Ooy7akgPlv

— Adam Schefter (@AdamSchefter) March 14, 2021

Either Hill or Jameis Winston could serve as New Orleans's starting quarterback in 2021 after Drew Brees announced his decision to retire on Sunday. Winston is currently a free agent, though Saints head coach Sean Payton noted his desire to bring back Winston last week.

Hill logged four starts for the Saints in 2020, posting a 3–1 record. He threw for 928 yards and four touchdowns, adding an additional eight scores on the ground.

The Saints have reached the playoffs in each of the last four seasons. The 2021 season will mark the franchise's first year without Brees under center since 2005. 

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