If they get a second round pick for a guy they picked up on waivers, then they'd be stupid to not take it. You take that and you laugh all the way back to the office.The conventional wisdom says Teddy will be offered Mid QB dollars which puts him outside our cap space.
Now a little birdie in Idaho tells me that Taysom's agent has solid nods from two mid and late draft teams who are ready to offer Taysom a number with 8 digits and give up a second round pick. If it's a 1st round pick the offers fall to 7-8 million and one or both may back way.
I'm guessing that in either scenario the Saints will have to fold and toss in their hand. I'm no expert on how you fudge the cap space but I had the impression that the Saints are hoping to sign Taysom for something under 6 million. Much more than that puts him out of reach especially with a draft pick in the bargain.
The only hope, I'm afraid, is a longer term extension with a huge escalation guaranteed in one to two years and some solid assurance that he is being groomed to take over.
Then you sign Taysom after next season when that team realizes what a terrible mistake they made...