Should the Saints restructure Drew Brees' contract? No.
With the help of our Saints Radio Statistician Brian Duvall, we explored the idea of restructuring Brees' deal to provide the Saints with some much needed salary cap relief. Brees' cap figure for the 2013 season is $17.4 million, meaning that's how much of his pay the Saints have to include when calculating how much he counts against the approximately $120 million cap for NFL teams.
The Saints are roughly 10 million dollars over cap. The deadline to get under the salary cap is March 12th, the start of free agency and the new league year.
The Saints are reportedly trying to restructure contracts for defensive end Will Smith and linebacker Jonathan Vilma. While those moves would provide some relief, it's not going to fix the cap situation the Saints are in now. On the surface it looks as though a restructure of Brees' contract would do wonders for the Saints. Not so fast!