stevend
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As pointed out by Mike Triplett of The Times-Picayune,
Releasing Smith - $7.72 million in cap space.
Releasing Jonathan Vilma - $6 million
Brees' contract conversion - $6.6 million
Jahri Evans' contract conversion - $5 million
Guard Ben Grubbs contract conversion - $3.3 million
There's 28 million right away.
Well we know based on Sean Payton's interview on Sirius, Vilma is not being released.