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Pinning down an exact number for how much salary cap space NFL teams have to work with is a difficult business. Transactions happen almost daily this time of the year, in-between free agency and the draft, and the problem is compounded by innovative teams like the New Orleans Saints. The Saints are more creative in their contract structures than most outfits around the league, leading to a constantly-shifting salary cap space outlook.
Thankfully, the NFL Players Association does its part to keep the public in the know. They’ve released an updated salary cap space report for each NFL team, detailing how many contracts each team has on the books as well as their current amount of spending-room.
For the Saints, the NFLPA report estimates them to be $4,279,857 beneath the 2020 salary cap, with 68 players signed (of a possible 90). That would include the contracts with cornerback P.J. Williams and offensive lineman Cameron Tom, the details of which were recently reported by Nick Underhill of NewOrleans.Football.
Underhill reports that Williams returned with a 2020 cap hit of just over $2 million (accounting for a $1.87 million base salary and a $137,500 signing bonus, both fully-guaranteed). Tom, however, will count just $850,000 against the Saints salary cap with a base salary of $750,000 and a $100,000 signing bonus. His deal includes a $37,500 incentive for being active in Week 1.
While the Saints will need some salary cap space to sign their rookie class, it won’t amount for much, and it’s also a number they can already estimate based off their draft slots. But we shouldn’t expect any more big moves unless the Saints first work out a restructure or two with some of the highly-paid members of the team.
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