The release of the 2012 salary cap for all 32 teams was revealed today to be $120.6 million. With the actual number known now, the New Orleans Saints will be working hard today and tomorrow to see how many of their free agents they should bring back.
Of course the salary cap number really comes as no surprise, and no help mind you, since the amount was thought to be in the $120 million dollar range anyway.
Still, it now gives general manager Mickey Loomis a better idea of what to work with. As he stated during an interview at the 2012 NFL Combine, the team salary cap is like a pie and there is only so many slices that can be dished out.
We know that quarterback Drew Brees is wanting the biggest slice. Popular reports are that he is wanting a long-term contract in the range of $23 million a year while guard Carl Nicks is wanting around $9 million a year.
Wide receiver Marques Colston is wanting close to the amount Nicks is and also seeking a long-term contract. The problem is not that the Saints don’t want these players fed and happy, they just simply don’t have enough pie.
As of this weekend, the Saints are estimated to be between $7-$8 million under the salary cap. Brees’ franchise tag, around $15 million, is already figured in with that amount and $7-$8 million isn’t leaving a lot of wiggle room.