Saints Cap Moves: Derek Carr restructured, Erik McCoy restructured; J. Williams released; cap space is at -$8,543,537
Jason OTC hates how the Saints do the cap and takes every opportunity to make it sound as bad as possible. There are issues with the things Loomis has done recently, and I think the Carr deal was a bad contract, but it's not as bad as Jason OTC makes it out to be.
Thats a strange way for JasonOTC to explain Carr’s dead money to make his 2026 cap situation seem worst than what it is based on the high numbers. It’s known that Carr will carry a very high rostered cap hit/release dead money cap hit no matter what.
He’s leaving out really important info that the Saints can have immediate sub-$10 million cap savings from a Jan/Feb release right after the 2025 season. Saints won’t have to wait until post-June 1 in 2026 to see significant cap savings like they would have in 2025. But they have the option to maximize a 2026 cut as a June 1 to get $50M cap savings. Only mentioning the dead money makes it seem like there’s no cap relief from a Carr release in 2026.
The cut’s 59.67M dead money will be less than the rostered 69.2M cap hit while the cut’s 9.5M difference will go into the cap space. Thats significant cap space to have to combine with the likely $20 million cap space Saints should have in 2026 after 2025 signings.
Jason OTC hates how the Saints do the cap and takes every opportunity to make it sound as bad as possible. There are issues with the things Loomis has done recently, and I think the Carr deal was a bad contract, but it's not as bad as Jason OTC makes it out to be.