WxM
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Folks who pay attention to this sort of thing probably know that the Saints are at around $8.8 million in cap room. A cursory glance would say, "After a few million for the rookie pool, there's not much left for the Saints to do anything." Not so fast, my friend. The folks at OverTheCap ran the numbers for all 32 teams. Long story short, after accounting for our rookies, our cap room goes from about $8.809 million to about $8.341 million. (Caveat: any trades will change these figures.) How can this be? Loomis wizardry? No, not really. Check it out:
https://overthecap.com/the-cap-space-required-to-sign-draft-picks/
One of the perks of trading your picks is not needing any significant cap space for rookies. Does that mean we should just trade all our picks? No. It's better in the long run to have cheap, cost-controlled labor. But if we're not going to do that, then at least we do recoup some of the money back thanks to the CBA.
https://overthecap.com/the-cap-space-required-to-sign-draft-picks/
One of the perks of trading your picks is not needing any significant cap space for rookies. Does that mean we should just trade all our picks? No. It's better in the long run to have cheap, cost-controlled labor. But if we're not going to do that, then at least we do recoup some of the money back thanks to the CBA.