Assumes a $182,500,000 team salary cap. Jordan was scheduled to have the biggest cap hit on the team at $18.9 million, while Davis was scheduled to have a $10.8 million cap hit. Saints’ salary cap situation improves with $182.5M cap announcement Good news in New Orleans as the salary cap is set to land for them over $10M better than originally arranged. Still, the Saints can use all the help they can get, and $182.5 million is better than $180 million, if just barely. Here’s how I arrived at that number. The Saints can also clear space through restructures and extensions. And calling the Saints' 2021 financial situation a "problem" is putting it kindly. New Orleans would hardly be in the black if the cap was higher—the Saints are currently $69.5 million over the salary cap, according to OTC. New Orleans is currently projected to be just shy of $100 million over the cap in 2021, according to Spotrac. Brees has a complex cap situation, and his decision to reduce his 2021 salary to the league minimum was key.However, outside of Brees, the Saints do have options with their 2021 salary cap. It's uncertain where the Saints stand as of now … ... New Orleans Saints. But just because they can ignore the problem right now doesn't mean that they don't have one. ... or at least the right players. Previous moves — a pay cut from Drew Brees and the release of guard Nick Easton — combined to create $29.8 million in savings . It saves Saints over $7.5M against cap this year. He … 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. Right now, I have the Saints with more than $66.72 million to chip away before they’ll be under the salary cap. Indirectly, he gets the benefit of extra cap dollars for a team desperate both to comply with the cap and to have enough space to maneuver. 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. But they took a $30 million-plus dead cap hit by trading Carson Wentz and things are tight right now, limiting how aggressive they can be in free agency. — Adam Schefter (@AdamSchefter) March 14, 2021. The Saints have a need at cornerback after releasing Janoris Jenkins to create cap space ... to create that cap space and they now have a need for a replacement. A real-time look at the 2021 salary cap totals for each NFL team, including estimated cap space. Saints Cap Space 2021. The first domino to fall was Drew Brees. Cap Tracker Assumes a $182,500,000 team salary cap.
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