The New Orleans Saints are paying $24.5 million in dead money to eight of their former players, including several draft picks and a couple of high-profile veterans who left in free agency this spring. That’s the bad news.
Here’s the good news: this is, by far, the lowest dead money total the Saints have carried into the offseason in recent years. It takes up only 10.8% of their 2023 salary cap, compared to challenging portions of 15.9% in 2022 and 18.4% in 2021. After suffering some cap constraints from the COVID-19 and the departures of cornerstone players like Drew Brees, Terron Armstead, and Malcolm Jenkins, the Saints’ salary cap outlook is finally looking healthy.
