The Saints have been making many big moves recently to free up salary cap space so they can afford not only a big contract for Jimmy Graham but also to sign both their own free agents and potential new free agents. Which leaves many wondering just where the Saints currently stand. Hopefully we can clear up any confusion.
Here is an overall look at the Saints salary cap situation, to the best of my knowledge. All of these numbers come from Over the Cap. The Saints salary cap number is just for the top 51 contracts on their roster. These numbers obviously include Jimmy Graham's current franchise tag figure, Rafael Bush's recent tender, and the recent Lance Moore/Darren Sproles cuts.
If the Saints decide to trade or cut Pierre Thomas in the near future, that would create an additional $2,900,000 in salary cap space.
All of this info can always be found in our Saints Free Agency Tracker, which will be updated accordingly.
2014 Salary Cap Situation
2014 NFL Salary Cap - $133,000,000
Saints Cap Spending - $113,604,209
Saints Dead Money - $13,737,551
Saints Total Cap Figure - $127,341,760
Available Cap Space - $5,658,240