The New Orleans Saints have restructured the contract of running back Mark Ingram in order to open up more salary cap space, according to NFLPA records.
Ingram, who was previously scheduled to make $3 million in base salary this year, will now make $765,000 in base salary, with the rest of the $2.235 million converted to a signing bonus.
By converting Ingram’s base salary to a signing bonus, the Saints were able to save $1.49 million off the cap this year.
The hit from the signing bonus is then spread over the rest of the cap. Ingram’s cap numbers rise to $5.245 million in 2017 and $6.245 million in 2018, rising from $4.5 and $5.5 million. New Orleans restructured the contracts of both defensive end Cam Jordan and punter Thomas Morstead in the same way to clear space for the Saints’ recent signings.
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Now, the Saints head into the month of April with $3,604,470 in cap space, according to NFLPA records, after the new contracts for Nick Fairley and tight end Josh Hill have been added to the system.
Read more about the Saints at theneworleansadvocate.com