Former Saints WR Emmanuel Sanders signs with Buffalo Bills
After being released by the New Orleans Saints last week, veteran wide receiver Emmanuel Sanders has a new team to call home, his fourth in three years.
Sanders and the Buffalo Bills have come to terms on a one-year deal, reportedly worth $6 million with an extra $500,000 in incentives.
In his lone season with the Saints, Sanders had 726 receiving yards and five touchdowns on 61 catches.
The 34-year-old Sanders was set to make $8 million in 2021, two million of which was guaranteed.
With his release, the Saints are saving four million against the salary cap and that’s just the start.
So how exactly did the Saints clear $111 million in cap space. The Drew Brees pay cut obviously a big part of the deal, saving almost $24 million against the cap upon his retirement.
Another $35 mill at the expense of releasing players like Sanders, as well as Thomas Morstead, Kwon Alexander, Janoris Jenkins, Josh Hill, and Nick Easton, not to mention the trade of Malcolm Brown and letting Trey Hendrickson get away in free agency.
Finally, $52 million saved by restructuring contacts for Cam Jordan, Michael Thomas, Taysom Hill, Andrus Peat, David Onyemata, Demario Davis, Malcolm Jenkins, and Wil Lutz, all spreading their money out over time.