Alex Okafor signed a two-year deal with the Saints worth $6.787 million. The contract came with a $1.5 million signing bonus, which is the only guaranteed money. The Saints should have around $7 million in cap space remaining after the signing.
The contract breaks down as follows:
2018
Base salary: $850,000
Roster bonus: $662,500
Signing bonus: $750,000
Workout bonus: $50,000
Cap number: $2.312 million
2019
Base salary: $1.7 million
Roster bonus: $1.925 million
Signing bonus: $750,000
Workout bonus: $100,000
Cap number: $4.