The New Orleans Saints should be roughly around $2 million under the salary cap after their latest flurry of moves -- including a pay cut that will keep veteran linebacker David Hawthorne with the Saints in 2015.
That means more moves are still likely, so New Orleans has room to sign new free agents and draft picks. Guards Jahri Evans and Ben Grubbs remain among the candidates for possible releases or pay cuts -- as well as any other curve balls the Saints might throw out there in the wake of the Jimmy Graham trade to Seattle.
Marques Colston: Colston took a pay cut of $3.2 million in 2015, all of which was saved against the salary cap. He went from $7 million in salary and bonuses to $3.8 million. The new deal now calls for a roster bonus of $2.305 million (due this week), a base salary of $1.445 million and a workout bonus of $50,000.
Colston also agreed to an even bigger reduction in 2016, which is the final year of his contract, dropping from $7.8 million in salary and bonuses to $3.2 million.
David Hawthorne: Hawthorne took a pay cut of $1.25 million -- though it saves a total of $2 million against New Orleans' 2015 cap because of the way it was structured. Hawthorne received a $1.5 million signing bonus, a base salary of $1.19 million and a roster bonus of $560,000 (due this week). That's a total of $3.25 million, which is down from the $4.5 million he was scheduled to make.
Hawthorne also agreed to a reduction in 2016, the final year of his deal, from $4 million in salary and bonuses to $2.25 million.
Brodrick Bunkley: The Saints saved about $3 million in cash and cap space when Bunkley agreed to a reduced contract last week (similar to what he did last year) -- though he can earn up to $450,000 in unspecified escalators. Bunkley's base salary dropped from $4.4 million to $1.25 million. His total bonuses climbed from $100,000 to $300,000. The Saints did not alter the final year of Bunkley's deal in 2016.