Saints will interview Mike McCarthy in person during this week, Jan. 20-Jan. 25 [Underhill: McCarthy would have to be the current favorite]

Let’s see what direction the team chooses to take and go from there.
Agreed. If they do not want to rebuild but stick with Carr, the cap deficit may be a little easier to manage this year, but take longer to erase. If they want to tear off the bandaid and rebuild, it will be a painful next year or two, but clear the deficit going forward.