The New Orleans Saints have restructured the contract for DT Nathan Shepherd and created a little more than $3 million in cap space for 2024, per ESPN’s Field Yates.
Following the restructures of Shepherd, QB Derek Carr, and OL Erik McCoy, the Saints have cleared about $33 million this week.
Entering today, OverTheCap.com had the Saints’ available cap space at -$42 million, so there is clearly more work to be done in the near future.
Shepherd, 30, is a former third-round pick of the Jets in the 2018 NFL Draft out of Fort Hays State. He played out the final year of his four-year, $3,447,720 contract that included a $987,720 signing bonus.
Shepherd signed a one-year deal worth $1.1 million in 2022 to remain with the Jets before signing a three-year, $15 million contract with New Orleans the following offseason.
In 2023, Shepherd appeared in all 17 games for the Saints and recorded 50 tackles and 3.5 sacks.
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