The New Orleans Saints have stumbled in the two years since Drew Brees retired. They finished 2021 with a 9-8 record and 2022 with a 7-10 record, missing the playoffs in both seasons. Jameis Winston and Trevor Siemian got the bulk of the quarterback time in 2021, while Andy Dalton got most of it in 2022.
The team now hopes to have an option that will keep them competitive. The Saints signed Derek Carr ahead of free agency, three weeks after the Raiders released the QB. New Orleans will be doing a ton of work to get under the salary cap.
The Saints head into free agency with +140 odds to win the NFC South at DraftKings Sportsbook. That is enough to make them the favorite in the division, and given the state of the QB position in the division heading into free agency, it’s not surprising. New Orleans has +4000 odds to win the Super Bowl.
New Orleans Saints 2023 salary cap space (as of 10:30 a.m., March 19)
Over The Cap: $18,300,476
NFLPA public salary cap report: $15,726,956
The OTC numbers reflect all reported deals even if paperwork is not completely finalized with the league and/or the players’ association. The NFLPA numbers reflect all deals in which paperwork has been finalized and submitted to the players’ association.
Saints notable contracts (2023 cap hit)
DE Cameron Jordan — $15,119,838
WR Michael Thomas— $13,358,588
CB Marshon Lattimore — $11,728,317
OT Ryan Ramczyk — $11,105,321
OT Andrus Peat — $8,846,000
Saints' notable moves impacting cap space
- Signed QB Derek Carr (4-year, $150 million, $100 million guaranteed, $7.2 million cap hit)
- Signed RB Jamaal Williams to a three-year deal worth $12 million. For now we’ll assume this is spread out evenly over the three seasons for cap purposes, but the Saints still have to shed some space to get under the cap for the upcoming season.
- Re-signed Jameis Winston to one-year, $4 million deal
- Signed Mike Thomas to one-year, $10 million deal
- Signed TE Juwan Johnson to two-year, $12 million deal
- Signed DT Khalen Saunders to three-year deal worth up to $14.5 million
- Signed DL Nathan Shepherd to three-year, $15 million deal