Could Derek Carr be a post-June 1 cut?
I think they have to restructure a bunch of players just to get under the cap by March 12.
If Sportrac is accurate, and I understand correctly:
- the Saints are currently $78.3M over the cap for the 2025 league year
- the Saints have $3.1M in unused cap for 2024 that can roll over
- SI says the 2025 cap is projected to increase over 2024 somewhere between $9.6M and $19.6M
- the Saints didn't exercise their 5th year option on Payton Turner according to published reports. personally, I can't tell whether Sportrac is counting his 2025 money if the Saints /had/ exercised that option (in red on their site and in the screenshot) in their figures for the Saints being currently $78.3M over the cap in 2025. but I may be misunderstanding something here.
So at best, the Saints will be $55.6M over the cap. (78.3 - (19.6 + 3.1) = 55.6)
In this rosiest scenario, if the Sportrac and SI numbers are right, I can't see how the Saints can move $55.6M off the 2025 books without restructuring some players in their 30s. At the bottom of this post are players who count more than $10M against the 2025 cap under their current contracts (again according to Sportrac).
These numbers change after the draft and when newly drafted (or UDFA) players sign contracts, since they also count against the cap.
If I've made a mistake above, I welcome corrections.