By Josh Katzenstein, NOLA.com | The Times-Picayune
The New Orleans Saints freed $10.8 million in salary cap space by restructuring quarterback Drew Brees’ contract this week.
Brees will still receive $23 million in cash for 2019, but the simple restructure converted some of his salary money into bonus money, which can be prorated over the length of the deal. Although Brees is only technically under contract for next season, his updated deal has voidable shell years in 2020 and 2021 to spread out his cap hits.
However, when Brees’ current deal voids next year, all of his remaining cap charges will escalate to cost the Saints $21.3 million in dead cap space in 2020, though the Saints could push some of that into the future again if Brees returns after this season.
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