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Friday, February 15, 2013
Saints' Curtis Lofton restructures deal

By Pat Yasinskas

The New Orleans Saints have started the process of working toward getting under the salary cap.

The team previously had been more than $20 million over the anticipated cap of about $121 million. But the first bit of shaving came this week.

Linebacker Curtis Lofton has restructured the contract he signed as a free agent last offseason, according to a league source.

Lofton’s cap figure was scheduled to be $7.1 million. But the Saints were able to drop that number to $3.1 million by replacing a scheduled $5 million roster bonus with a $5 million signing bonus that will be pro-rated over the remainder of the contract.

This is just a first step for the Saints. There likely will be more contract restructures, and some veteran players are likely to be released.