Report: 2016 NFL salary cap set at $155.27 million

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The NFL salary cap has reportedly been set, and it’s looking good for the cap-needy New Orleans Saints.

After releases, contract extensions (see Drew Brees), and restructures, the New Orleans Saints are going to be in great shape, better shape than they were a season ago.

Ian Rapoport reports that the 2016 NFL salary cap has been set at $155.27 million, which is almost a $12 million increase from the year before.  With the new figure coming in, and if my math is right, the Saints should be roughly $8 million under the NFL salary cap at the moment.

You can thank that in part to the Dannell Ellerbe and Cam Jordan restructures, alongside the releases of Jahri Evans, David Hawthorne and Ramon Humber.

Following Brandon Browner‘s release, which is reportedly coming March 9, the Saints should clear up another $1.3 million (dead money is no fun).  When Drew Brees gets his extension, I’m expecting another $8-12M to be cleared.  Releasing Marques Colston, which is also expected, could save an additional $3.2M.

We also don’t want to count out possible contract restructures for punter Thomas Morstead and/or center Max Unger.  But in regards to the 2016 NFL salary cap, the New Orleans Saints seem to be in good shape.  The free agency period and new league year begin March 9.

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