Dead Money On The Saints 2024 Salary Cap As Of Now

From a Saints Wire article by John Sigler 6/2/24 on saintwire.usatoday.com

Dead money: Saints paying $41.4M for 7 players not on their roster​


It’s tough to field a competitive roster when you’re spending too many salary cap resources on players not on your team — that’s a painful lesson the New Orleans Saints have had to learn while creatively working around the cap. This year, per Over The Cap, they’re setting aside $41,428,902 as dead money from contracts with players no longer on the team.

That number ranks ninth around the league, with three of the eight teams ahead of New Orleans returning from last season’s playoffs. And we should remember this is relative; the Saints are paying about 16.2% of their total salary cap expenditures as dead money, compared to past seasons:

So while we are seeing a jump in dead money costs this season, it’s still a far cry from how dire the situation was just a couple of years ago. And with the salary cap continuing to rise as broadcasting revenue increases, this won’t be as big a challenge for the Saints to work around as it has been in the past.

Peat accounts for almost a third of the Saints’ total dead money costs this year.

Thomas is the other big one, with a cap hit that counts for 27% of the Saints’ total dead money.

These two players account for almost 60% of the total dead money for the Saints in 2024.



Full Article Below:

https://saintswire.usatoday.com/lis...l-thomas-jameis-winston-andrus-peat-contract/