BREAKING: Saints Restructure Taysom Hill’s Contract, Sign Him To 4-Year, $140M Extension To Create Cap Room

The Saints really love Taysom Hill for some reason.

Just 30 minutes after Drew Brees announced his retirement from the team, the Saints said they were restructuring Hill’s contract to create $7.5 million cap room.

It’s a 4-year, $140 million contract extension, however, all years are voidable.

Saints are restructuring QB Taysom Hill’s contract to create cap room. Details are great: it’s a 4-year, $140 million contract extension – but all years are voidable and it’s a mechanism to free up cap space this year, per source. It saves Saints over $7.5M against cap this year.

— Adam Schefter (@AdamSchefter) March 14, 2021

According to Schefter, Hill’s contract numbers this year include a $9.686 million signing bonus, a $1.439 million guaranteed roster bonus and a $1.034 million guaranteed base salary along with incentives.

Taysom Hill’s contract numbers this year include a $9.686 million signing bonus, a $1.439 million guaranteed roster bonus and a $1.034 million guaranteed base salary, plus incentives, per source. https://t.co/Ooy7akgPlv

— Adam Schefter (@AdamSchefter) March 14, 2021

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In 2020, Hill appeared in all 16 games for the Saints and completed 72.7 percent of his passes for 928 yards, four touchdowns and two interceptions. He