As part of the Saints’ annual salary cap gymnastics, Marshon Lattimore‘s contract was restructured this offseason That move – and its particular financial implications – has fueled speculation the Pro Bowl corner could be dealt at some point before the 2024 season. 
Lattimore is due an option bonus shortly before the coming campaign kicks off, and that compensation would become an acquiring team’s responsibility. Ahead of free agency last month, a report indicated teams around the league were aware the 27-year-old could be on the trade block. As a result, it comes as no surprise that general manager Mickey Loomis was asked about the matter at New Orleans’ pre-draft press conference.
“Everybody is tradable, it just depends on the offer that you get,” Loomis said (via Luke Johnson of NOLA.com). “And yet, that’s not very common… I don’t like trading players that have been contributors for us. There’s too many ‘what if’ things here. If there was something imminent, well, I still wouldn’t tell you.”
Loomis added that New Orleans expects Lattimore to remain with the team for the 2024 season. A trade executed at or around this weekend’s draft would create a dead cap charge of over $31MM, making such a move unlikely. After June 1, however, that figure would drop to $10.6MM in 2024 with the remainder being spread out in 2025. Teams which are unable to land a corner high in the draft could show interest in the former first-rounder, who has battled injuries recently.
Lattimore has been limited to 17 total games across the past two seasons, and he missed the final seven contests of the 2023 campaign. When healthy, though, the Ohio State product has been productive (13 interceptions, 74 pass deflections between the 2017-21 seasons). Those totals could help convince teams to pursue a trade, something ESPN’s Jeremy Fowler reports the Saints “explored” last month. The draft represents another key checkpoint in the offseason for New Orleans to gauge outside interest in any potential Lattimore deal.
The former Defensive Rookie of the Year is owed $51.5MM over the next three years, and his 2024 cap hit currently sits at $14.62MM. Any team willing to absorb that pact may seek further adjustments, but that would of course be a moot point if New Orleans remains intent on retaining him. Lattimore’s situation will remain one to watch closely during and especially after the draft.