New Orleans cleared $4.8 million of cap space by converting Byrd's $6 million roster bonus into a signing bonus. His cap number also dropped from $10.3 million to $5.5 million with the restructure.
Byrd, 28, signed a six-year, $54 million deal with the Saints in 2013, but has missed 17 games over the past two seasons. He announced Wednesday that he's officially cleared for the 2015 season, after having surgery last October to fix a torn meniscus in his knee.
Byrd, 28, has missed 17 games over the past two seasons. He made the Pro Bowl in 2009, 2012 and 2013 with Buffalo before signing a six-year, $54 million deal with New Orleans.
“He’s doing well," Payton told the paper. "He’ll be cleared for minicamp. We’re really looking at about two or three weeks away from him being 100 percent.”
Byrd had 22 tackles and a forced fumble in four games last season.
Byrd was placed on season-ending IR earlier in the day. He injured himself in practice Thursday. Coach Sean Payton said the team doesn't believe Byrd will be limited at the start of next season. "The good news is the repair went well, and it’s something that, with the right rehab and treatment, there should be no carryover effect," Payton said.
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