Now that’s some crafty accounting, but we’ve come to expect it from the New Orleans Saints. Alvin Kamara reached an agreement on a two-year extension with the Saints this week, and NFL Network’s Tom Pelissero reports that the move is saving the team some money when it comes to the 2025 salary cap. Kamara’s early extension opened up about $18 million in savings on next year’s spending limit.
So how did the Saints manage to pay Kamara more money while spending less against the cap? We’ll know more when further details are shared about his deal’s structure, but NewOrleans.Football’s Nick Underhill shares that it includes a $15.5 million signing bonus and $22.23 million in guarantees.
Kamara was initially on the books for 2025 at a staggering cap hit north of $29 million, with $25 million of it non-guaranteed, which made him a possible salary cap casualty. Instead, the Saints guaranteed a big portion of it but spread it out as a signing bonus (likely with their signature automatically-voiding “ghost years” tacked on).
The end result? Kamara’s 2025 cap hit should now fall at around $11 million, which is very manageable. And the Saints should now have somewhere close to $324 million in cap liabilities. Depending on where you look the 2025 salary cap is projected to rise to as high as $273 million, though more conservative models put it at just $260 million. The Saints still need to clear at least $64 million before they can turn to signing new players, but that’s a problem for another day.
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