The New Orleans Saints currently have the lowest amount of cap space in the NFL, which likely means no more free agent signings until more contracts are restructured.
According to the NFLPA, the New Orleans Saints have just $1.298 million available in cap space, a league low at the moment. And that’s not counting the James Laurinaitis and Jamarca Sanford deals. That likely means no Nick Fairley, no re-signing Tim Hightower, or any other players, until further adjustments are made to current contracts.
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Saints fans are still waiting on that Drew Brees extension. A good place for negotiations is the annual owners meeting taking place this week in Florida. Restructures to the contracts of Jairus Byrd, Thomas Morstead, Max Unger and Zach Strief are also possibilities as the offseason progresses. But until then, things will probably remain quiet as far as new and returning faces.
It doesn’t mean the New Orleans Saints are done in free agency, but it does mean fans should not get their hopes up, at least for now. After the contracts of Laurinaitis and Sanford are officially on the books, the team will have no money. Again, that’s until other tweaks are made, which can happen at any time.
Defensive tackle Nick Fairley, who visited with the Saints last week and left without a contract, has been the talk of town lately. He’d be an immediate upgrade at a position some call the team’s biggest need. However, he is now scheduled to visit with an attractive organization in the New England Patriots.
There are still other names out there who the New Orleans Saints could sign at an affordable price when they get their money right. While the Black and Gold entered the new year with little cap room to begin with, re-signing their own free agents was a priority. Landing Laurinaitis and tight end Coby Fleener are additions that could pay off.