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

NFL 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.

Mickey Loomis is at it again. The Saints general manager is no stranger to salary-cap maneuvering, and with New Orleans severely under the projected salary cap, Loomis went to work on alleviating th… [+631 chars]

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