Saints Cap Moves: $33,780,933 cap space ….. 8 restructures, 3 extensions, 3 pay cut, 1 release [All current cap moves are in OP below line]
The numbers won't settle down in my head, but I think the exit strategy with Carr is that post June 1, 2026, they can cut or trade him with a dead cap hit of $20M, but $20M+ in new cap savings when his fat contract comes off the books. There was no cap savings to be gained by moving him in 2025. Business decision first and foremost.
If they cut him June 1, 2026, then the cap money will free up for summer/fall free agents, trades by the Nov. deadline, or rollover to 2027.