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Saints create nearly $34M in salary-cap space by restructuring Michael Thomas, Ryan Ramczyk, Andrus Peat contracts

Mickey Loomis is at it again.

The Saints general manager is no stranger to salary-cap maneuvering, and with New Orleans severely over the projected salary cap, Loomis went to work on alleviating that burden Saturday.

国产外流网Network Insider Ian Rapoport reported the Saints created nearly $34 million in cap space by restructuring three marquee contracts: wide receiver Michael Thomas, offensive tackle Ryan Ramczyk and guard Andrus Peat. Rapoport adds that Thomas' and Ramczyk's restructuring netted more than $26 million in cap space, while Peat's created an additional $7.8 million.

New Orleans now sits roughly $42 million over the projected salary-cap of $202.8 million after Saturday's adjustments, .

With free agency just weeks away, look for the Saints and Loomis to find more ways to fix the team's cap pains.

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