The Saints Have Announced A Salary Cap Move

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The New Orleans Saints are entering a key offseason right now.

Tom Brady has officially retired — for good this time — and they look like the best team in a non-competitive NFC South.

But that doesn’t mean they’re so much above the rest, so they still need to make some major moves to make the most of their roster, especially after losing so many assistant coaches to Sean Payton and the Denver Broncos.

Notably, they got off to a solid start in that regard, as they just converted $10 million of Erik McCoy’s 2023 compensation into a signing bonus, meaning they now have $8 million more in cap space, according to NFL insider Field Yates.

The Saints have converted $10M of C Erik McCoy’s 2023 compensation into a signing bonus (while adding a void year), creating $8M in cap space, per source.

— Field Yates (@FieldYates) February 20, 2023

The Saints will be very aggressive in the market for a new starting quarterback, so every penny will count.

They are reportedly in the running for Derek Carr, who is now a free agent after his release from the Las Vegas Raiders.

Making a run at Aaron Rodgers seems unlikely at this point, but they could still pursue other veterans like Jimmy Garoppolo or Baker Mayfield.

Of course, there’s also Jameis Winston, who was Andy Dalton’s backup last season, but it doesn’t seem like HC Dennis Allen trusts him as his guy going forward.

Whatever the case, the Saints will have no shortage of options — including trading up to land a QB in the Draft — so adding more cap space will be key for their offseason aspirations.

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