We’ve got a live one: the New Orleans Saints shuffled some salary cap resources early Saturday morning, with NFL Network’s Tom Pelissero reporting that they modified their contract with defensive tackle Sheldon Rankins. Rankins was set to earn almost $7.69 million while playing on his fifth-year option in 2020, and that’s still the case. But the Saints got creative to clear $4 million this season.
They added two voidable years onto Rankins’ contract, which was set to expire at the end of the fiscal year next March. New Orleans also converted $6 million of Rankins’ guaranteed salary into a signing bonus, which he’ll receive immediately rather than in incremental game checks over the next few months.