The former Saints and Dolphins GM and former team president of player personnel and scouting Joe Denso is now making $4,821,500 at his current job with the NFL team’s parent company, Denso Manufacturing.
That’s the biggest payday he’s earned in five years.
The Saints and Denso have yet to announce their new general manager, but it looks like the team will get its first-round pick from the Saints in the 2017 NFL draft.
That would give the Saints two picks in the first round.
In addition, the Saints will get $4 million for signing Denso.
The new contract includes a $1.5 million signing bonus.
Denso was paid $2.9 million for three years at the Saints, including the final two years of the 2015-16 season.
He made $1 million in 2014, so he made about $1,800,000 last year.
He was fired in the spring of 2016 after the Saints were swept by the Colts in Super Bowl LI.
Densonso, who was a former defensive line coach in Tampa Bay and Tampa Bay’s offensive coordinator in 2013, will now have two years left on his deal, but the Saints won’t be able to re-sign him until 2020.
He will still be paid $1 in 2017, but he will be able take a pay cut to help pay for his new responsibilities.
The contract also includes a non-guaranteed salary of $2,842,500.
That figure is for the first two years, but after that, it becomes a guaranteed $7,908,000.
The first-year salary of the contract will be about $5,000 less than what Denso made last season.
But it’s not exactly a steal for a general manager whose salary this season was $8 million.
The only salary on the new contract that was lower was the $2 million paid to tight end Austin Hooper in 2017.