Saints could get to $14.61 million under the cap without restructuring Derek Carr, after Saints salary cap potentially increases by $5M

StudioSaint said

I don't think letting go of Carr would automatically equal a rebuild. It wasn't a rebuild when they got him, so they could move on from him without it being a rebuild. Then again, rebuild is a very subjective term that looks different to different people.

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I think you're mistaking "rebuilding" for "tanking". Replacing the most important position in football is a rebuild move without a groomed replacement till it isn't. They'll try to be competitive, but the cap crunch will probably be difficult. I don't think they'll get the 1st overall pick.

If Rattler comes out with an exceptional and unprecedented 2nd year leap. It accelerate the timeline immensely to the point where you go right back into a building phase.

Cutting a quality starter that will win you games isn't a competitive move.