Source: Dannell Ellerbe’s cap charge drops by $2.7 million

Dannell Ellerbe took a significant reduction in pay to remain in New Orleans.

After restructuring his contract, the Saints linebacker will now count $3.2 million against the 2016 salary cap, according to a source. He was previously to count as a $5.9 million charge.

Ellerbe’s deal carries a $1.7 million base salary, $750,000 roster bonus and $50,000 workout bonus. His base salary is fully guaranteed.

The numbers for 2017 remain the same though his base salary is not guaranteed for that season.

Ellerbe’s previous detail contained a provision that stated  his salary would become guaranteed on Wednesday. New Orleans circumvented this outcome by restructuring his deal.

Ellerbe, who was acquired in a trade with the Miami Dolphins last offseason, appeared in six games last year. He played in only one game the previous season.