Neither will take a pay cut. They'll re-structure more than likely, which means they get their base salary as a bonus and at signing instead of in game checks.
The Saints will then push some of their cap "hit" off of this season on to other seasons. Saints build auto-restructures into player contracts. That's both "why"
we're always 80million over the cap in February and "how" we get below the cap every March. We push cap hits to future years when often the player is no
longer even on the team.
Players very very rarely take actual pay cuts. When they do it's usually because they're a declining player that wants another year in the league and don't have
any other options. Cam and Taysom would have plenty of options if they were released. Pretty sure Cam has a no-trade clause in his contract. Taysom might
have one as well, I'm not sure.
Agree on your last line though. Both Cam and Taysom are more valuable to us than any late round pick that, unless we were to strike gold with a Purdy, Colston, etc...
And not many people would roll that dice.