Erik McCoy is helping out the New Orleans Saints.
According to Field Yates, the fourth-year center out of Texas A&M had $10 million of his salary restructured into a bonus with a void year, freeing up $8 million in cap space for the Saints.
The Saints have converted $10M of C Erik McCoy’s 2023 compensation into a signing bonus (while adding a void year), creating $8M in cap space, per source.
— Field Yates (@FieldYates) February 20, 2023
New Orleans began the 2023 off-season $60 million over the cap, which was raised this off-season to $224.