With the Pierre Thomas release and now this, the Saints have saved ~$6.5 million against the cap in less than 24 hours. They were a little over $20 million over so they still have some work to do, but this move saves a nice chunk.
Source: Saints clear $4.8M of cap space by converting Jairus Byrd’s $6M roster bonus to signing bonus. His cap # drops from $10.3M to $5.5M.
— Field Yates (@FieldYates) March 5, 2015
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