Underhill: How the Saints can get under the cap

If the saints cut Murray, what are the cap implications? I tried to find a site to tell me but was unable to do so. Was wondering if they wouldn't cut him, draft a rb in the mid rounds/UDFA, sign Washington cheap and then bring back Ingram on a very low money deal.

They could definitely do that. He’s set to count $4.2 million against the cap this year with a $1.7
Dead cap hit.

So we would save $2.5 by cutting him. Ingram would cost (I believe) around $1.1 on a minimum deal. So we could save $1.4 by making that exchange, I think.