Saints Cap Moves: $27,092,090 cap space ….. 8 restructures, 3 extensions, 3 pay cut, 1 release [All current cap moves are in OP]

If the Saints traded Carr, they'd need the cap space to absorb the cap hit from the trade, so it's possible they created the cap space because they are actively trying to trade Carr.

In general, trading a player away takes up extra cap space like trading for a player does.
That would be one of the dumbest things a team ever did. It would literally be throwing away $38M in cap space and Gayle’s money. Sitka level stupid.