The New Orleans Saints plan to release starting safety Marcus Maye when the new league year kicks off on March 13, per Bleacher Report’s Jordan Schultz. Maye had missed as many games (17) as he played for New Orleans (17) due to several injuries and a suspension over his two years with the team.
So it’s not too surprising that he’s being let go. Maye was due to count $9.6 million against the salary cap in 2024, the last year of his contract, and the Saints decided it’s worth more to replace him than keep it going. What’s curious is how they’re doing it.
If the Saints are simply cutting Maye loose they’ll have to pay more than $8.4 million against the cap in dead money, meaning they’re saving just $1.1 million by parting ways. But if they’re using one of their two post-June 1 cut designations on Maye, it means they’ll save the $1.1 million now and get another $6 million in savings over the summer to use to sign their rookie draft class and maybe some free agents for training camp. They’ll spread out the dead money with cap hits of $2.4 million in 2024 and $6 million in 2025, but again, the big savings won’t hit until June 2.
Which complicates things. Remember, teams are only allowed to use two of these designations. If the Saints are burning one of them on Maye then it means they can’t use it on one of the other two players who are seen as candidates for the post-June 1 release: Jameis Winston and Michael Thomas. Both players have firm deadlines to be released or extended so this isn’t a move the Saints are taking lightly. It means they’ve already decided which of them will be staying and who will be going.
Winston currently has a salary cap hit of $4.5 million but it’ll grow by about $100 million if he’s still on the roster by March 16, which means the Saints must tear up his contract and sign a new one or let him leave in free agency. Thomas is in a similar position with a $12.4 million cap hit. Releasing either of them with the post-June 1 designation would only save about $1.2 million, so this is all more procedural than actually helpful for the salary cap.
So stay tuned for clarity on Maye’s release and its impact on the Saints’ cap situation. What’s certain is that they must make their outgoing free agents at safety (guys like Johnathan Abram, Lonnie Johnson, and Ugo Amadi) priorities to re-sign. They should also consider additions in the draft or free agency to compete with Jordan Howden for the starting job next to Tyrann Mathieu — who, it should be noted, has played well in New Orleans and could sign an extension to finish his career in his hometown.
