Saints Cap Moves: $27,329,433 cap space ….. 8 restructures, 3 extensions, 3 pay cut, 1 release [Wilson Jr. reduces salary, Young’s cap updated]

Merl said

we have yet to see any details on the reported pay cut for Cam and from what has been reported the Mathieu cut isn’t a real pay cut unless at the end of the upcoming season he doesn’t reach 81% of defensive snaps. Even then the reduction in salary will only credit next years cap.

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Mathieu is a pay cut in cap hit and base pay.

Going from a 6.25M base to a 3.5M base and 11.31M cap hit to likely 6.25M cap hit are pay cuts on the team cap.

Even though he’ll probably reach the $6.25 million 80% snaps threshold very easily, it’s set up as incentives on the cap instead of immediate guaranteed money cap hit.

Cam’s new deal is probably set up the same way. Same salary amount but not immediately guaranteed on the cap like it was in the previous contract and have to be earned back in snaps incentives.