Saints Cap Moves: $27,092,090 cap space ….. 8 restructures, 3 extensions, 3 pay cut, 1 release [All current cap moves are in OP]

If they aren't adding any void years, then it's better than the alternative.
No void years added, they would have had to do a new contract. Sounds like they just went ahead and did the simple restructure that they bake into every contract