The New Orleans Saints continue to wave their salary cap wand. Their latest move took a lot from one of their most beloved players, though. New Orleans could  not have done it without his cooperation to help out the team.

Tyrann Mathieu works out new deal with Saints

According to Nick Underhill, the Honey Badger agreed to a reworked contract with the Saints. He will remain in New Orleans for the 2025 season. 

Tyrann Mathieu and the Saints have agreed to a reworked deal that will keep him in New Orleans this season, according a source.

— Nick Underhill (@nick_underhill) March 11, 2025

It's a one-year deal worth up to $7.2 million with incentives. — Nick Underhill

This deal for Mathieu is not a restructure. It is a new deal – which helps the salary cap situation immediately for the Saints. 

Mathieu has been a fan favorite for his entire tenure in New Orleans, plenty due to his superstar time spent at LSU. 

Clearly, the veteran defensive back loves the city and their fans as well. He's been willing to work with the organization for multiple years now to ensure they have as much salary cap flexibility as possible, when it comes other his deal being involved. 

Tyrann Mathieu's contract, per source

$3.5 million base
$4 million at 50-59.9% playing time
$4.5 million at 60-69.9% playing time
$5.25 million at 70-79.9% playing time
$6.25 million at 80-89.9% playing time
$7.25 million at 90% playing time

— Nick Underhill (@nick_underhill) March 11, 2025

As for the Saints, keeping Mathieu had become a notable task in recent weeks. There were rumors that New Orleans may move on from him earlier in the offseason, but Mathieu quickly disposed of those via social media. That post has since been delated, though. 

This notion from the former Pro Bowl safety doubles down on his hopes relayed earlier in the offseason. Mathieu said that that he wanted to play at least two more years in New Orleans, hoping to win another Super Bowl for the city.

Safety Will Harris departed the Saints on Tuesday to sign with the Washington Commanders. That move creates a depth issue alongside Mathieu in the safety room in New Orleans. 

I would not be surprised to see the Saints add another veteran at the position in free agency in the coming days. 

Regardless, the Honey Badger seems determined to finish his career in black and gold. That's good news for both sides. 

New Orleans Saints 2025 free agency tracker: Signings, releases, decisions, contracts, and everything else to know

The 2025 offseason should be an interesting one for the New Orleans Saints. With new head coach Kellen Moore at the helm, he's in place to shake things up along their roster.  Check out the tracker below for every notable move for New Orleans over the next few weeks. Reminder: Free agency signings can not […]