Mickey Loomis’ End Of Year Press Conference

For the first time ever, the cap went down rather than up, and it was significantly down, so we lost probably a good $30m to $40m in cap space at the exact worse time possible - when our renown 2017 draft class were up for contracts, and when Brees retired and hence had his dead cap hits accelerate. For a team like ours that likes to live on the edge, this unforeseen turn of events wreaked havoc on our strategy.

If it wasn’t for that, we likely still have Trey Hendrickson and maybe even Marcus Williams on the roster.
That makes sense, but the fact that its still an excuse in 2024 is not good.