Saints Restructure Contract of Andrus Peat

The Saints have cleared nearly $34 million of salary cap space with just three players, as Andrus Peat is the latest player to have his contract restructured.

John Hendrix | Mar 1, 2022

The Saints keep charging ahead with their salary cap situation, as they've cleared nearly $8 million by restructuring the contract of left guard Andrus Peat. According to ESPN's Mike Triplett, New Orleans converted $9.73 million of Peat's salary into a fully guaranteed roster bonus. This also added two voidable years to the end of his contract.

The Saints have now freed up nearly $34 million in salary cap space for 2022 between Ryan Ramczyk, Michael Thomas, and Andrus Peat. They were projected to be around $76 million over going into the new league year. It always feels like a daunting task, but Mickey Loomis and Khai Harley always find a way, which tends to drive outsiders crazy.

Other big considerations to getting under the cap include Marshon Lattimore, Cam Jordan, Alvin Kamara, and David Onyemata. There's even more there, and releasing Bradley Roby could net the team another $10 million.

New Orleans has to figure out their quarterback situation for the new league season, as well as finding some upgrades on the offensive front. We'll see how they continue to tackle the cap, but for now, nearly 45 percent of the team's deficit was fixed with just three players.

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Published Mar 1, 2022

JOHN HENDRIX

I officially started covering the New Orleans Saints & other NFL topics in 2011. My work has been featured on various outlets over the years. I worked closely with Skyhorse Publishing in Fall 2018 to update the book, Tales From the New Orleans Saints Sidelines, which filled in all Saints material from the 2013-2017 seasons. Prior to joining Saints News Network, I served as the Managing Editor of SB Nation's Canal Street Chronicles for 3.5 years, and before that with FanSided's Who Dat Dish as the Managing Editor for several years. I have also had experiences of being a freelance Saints reporter for The Sun Herald in Biloxi, MS and a contributing writer for WDSU, a local NBC TV station in New Orleans. I have appeared on a vast amount of TV and Radio shows, both nationally and locally. For tips, comments, or suggestions, please contact me at johnhendrix@saintsnews.net