Roman Harper deal creates $3.49 million cap space for Saints

5/27/13 in NFL   |   IvanRogers   |   1352 respect

FanIQ | Sports Rumors, Gossip, Blogs, News & Discussion ForumsThe New Orleans Saints have gotten all five of their draft picks under contract, including a first-round selection, nearly a month since the 2013 NFL draft. This quickness in getting important rookie deals done has also provided the Saints with the confidence focus on other contracts that could allow the team to recoup their cap space further down this offseason.
In light of that, the Saints renegotiated the contract of veteran safety Roman Harper, giving way to some major cap savings for the team. Earlier this week, the Saints were only $1.6 million below the salary cap when Harper renegotiated his contract, but following the move the team is now $5.1 million under the 2013 cap.
According to league with knowledge of the contract, Harper’s cap hit previously stood at $7.15 million but it dropped $3.66 million accounting to a difference of $3.49 million in cap savings.
Harper’s base salaries over the next three seasons have drastically changed under the renegotiated contract. His $5.25 million base salary has been converted to $840,000 million in 2013, while 2.91 million of the amount has been shifted to a signing bonus. Previously, only 2.6 million of Harper’s salary for 2013 was guaranteed, he now gains $3.75 million in guaranteed money. However, his total earning for the year has dropped from $5.35 million to $3.85 million.
The 30-year-old Harper’s cap number for the following year has also been reduced from$7.9 million to $5.87 million, owing to a reduction in money he’s scheduled make from $6.15 million to $3.15 million.
The restructured deal adds another year to his original contract. He will make $2.7 million in base salary, along with a roster bonus of $650,000 and a workout bonus of $150,000 for the 2015 season.
The new deal works in Harper’s favor since it essentially means he will get more cash up front despite agreeing to a $1.5 million pay cut this season. Hence, he really won’t have to worry about getting released by the Saints over the next couple of years since he will already have received a favorable amount of the money by then.
The Saints are high on keeping Harper around this offseason to contest for a roster spot (while saving some money in the process) after he posted one of the best seasons of his career in 2012. He registered a career-high 115 tackles, two interception, 11 passes defensed and four stuffs while appearing in 16 games for the Saints last season.
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