New Orleans Saints Rumors & News - Pro Football Rumors

Saints To Extend S Tyrann Mathieu

March 7th, 2024 at 2:59pm CST by Adam La Rose

Tyrann Mathieu was already on the books for 2024, but he will now have a new deal in place. The All-Pro safety has agreed to a two-year pact with the Saints, as first reported by Nick Underhill of NewOrleans.Football.

This agreement has a value of $13MM, CBS Sports’ Josina Anderson adds. Mathieu was owed $9MM in 2024 on his previous pact, with a scheduled cap hit of just over $12MM. New Orleans could have moved on via his release, but that route would have produced negligible cap savings. Instead, the 31-year-old will remain in place for a third and fourth Saints campaign. Underhill notes the new deal will lower the 2024 cap number to roughly $5.5MM. On this extension, Underhill adds $10MM is guaranteed.

Mathieu originally joined the Saints on a three-year, $33MM deal following the end of his Chiefs tenure. Kansas City did not offer a new contract at the time, leaving the LSU alum free to join his hometown team. He has remained a full-time starter over the past two seasons, racking up seven interceptions and 17 pass deflections during that span.

The Saints have again been active in restructuring contracts to move toward cap compliance this offseason. Earlier this afternoon, the team was more than $17MM over the cap. Teams have until 3pm CT on March 13, when the 2024 league year begins, to move under the $255.4MM salary ceiling. The Saints have faced greater challenges than this year’s on the cap front, moving down from more than $100MM over back in 2021. Mickey Loomis‘ team continues to grind away, and this Mathieu accord represents another step.

With Marcus Maye in and out of the lineup due to injuries and a suspension, Mathieu’s presence has been more important for a Saints team still trying to find its footing post-Drew Brees. Even in Year 11, Mathieu remains one of the league’s better back-line presences. Pro Football Focus ranked the safety and experienced slot stopper 10th at his position last season. The Honey Badger intercepted four passes, notching 122 return yards and a touchdown, and broke up nine more in his second Saints slate. Mathieu notched a pick-six in the Saints’ 34-0 win over the Patriots.

Maye could not stay healthy in New Orleans, which will lead to his exit as a post-June 1 cut, but Mathieu — a two-time Super Bowl starter — has not missed a game since signing with the team in May 2022. He joins Cameron Jordan, Demario Davis and Marshon Lattimore as Saints defensive pillars. Lattimore, however, has been the subject of trade rumors. Thursday’s agreement at least provides some secondary stability for the NFC South team, ensuring Mathieu will stay put.

Teams Showing Interest In Saints CB Marshon Lattimore

March 3rd, 2024 at 4:03pm CST by Adam La Rose

As part of the Saints’ 2024 cap maneuvering, cornerback Marshon Lattimore had his contract restructured. An option bonus is now due one week before the start of the coming campaign, and his base salary has been reduced to $1.2MM.

As a result, many have pointed to Lattimore as a potential trade candidate. Indeed, ESPN’s Jeremy Fowler reported last month that it would not come as a surprise if teams kicked the tires on a potential swap. His most recent update on the matter notes that “several teams” believe the four-time Pro Bowler is in fact on the market. No guaranteed salary remains on Lattimore’s deal, but he is due a $2MM roster bonus in 2025 and ’26, the final non-void years of his pact.

The former Defensive Rookie of the Year has a reasonable $14.62MM cap hit in 2024, but that figure is set to spike to $31.41MM and $28.56MM in the following years. Dealing him before June 1 would create a monster dead cap charge, but doing so after that date would spread out the financial penalty ($13.41MM) across two seasons while yielding added cap space in 2025. Given his pedigree, Lattimore would have plenty of suitors, and Fowler names the Lions and Dolphins as teams to watch on the CB market generally speaking.

Detroit in particular has been touted as a buyer with respect to a cornerback addition, and Lattimore would certainly fit the bill. Miami is set to move on from Xavien Howard, although he could be retained on a new deal. Other teams would no doubt be willing to acquire Lattimore, provided the Saints were prepared to move on from him. When speaking on the subject, head coach Dennis Allen praised the 27-year-old while coming up short of a firm endorsement of his short- and long-term future.

“Yeah, really, I think it’s about guys that we feel like can help us win football games, guys that we feel like can continue to build the right type of culture here, and guys that are willing to do the things that it’s necessary to do to succeed,” Allen said via NOLA.com’s Matthew Paras. “And so, look, like I said, Marshon’s a part of our football team. He’s been a big part of our football team.”

Allen notably stated that Lattimore is a member of the Saints “for now.” As Nick Underhill and Mike Triplett of New Orleans Football Network add, no final decision on Lattimore’s future appears to have been made, nor is his desire to be traded known (video link). Given the time remaining until the former first-rounder’s bonus is due, clarity on both fronts may not emerge for some time.

Lattimore has remained an impact defender when on the field over the past two seasons. During that span, however, he has been limited to 17 games through injury, and his ball production (two interceptions, 12 pass deflections) has seen a downturn. Still, the Saints could field numerous offers if Lattimore were to become available, and his status will be a key offseason storyline to follow.

NFL Restructures: Saints, Ward, McGovern

March 2nd, 2024 at 5:04pm CST by Ely Allen

With the league’s recent release of the new salary cap numbers and the rapid approach of free agency and the draft, NFL teams are working to clear up cap space to help add significant talent to their rosters for the 2024 NFL season. The Saints made a number of moves recently to reflect this pattern.

New Orleans agreed to a restructured deal with defensive end Carl Granderson, per Tom Pelissero of NFL Network. The team converted a $9MM roster bonus that Granderson was due into a signing bonus spread over a five-year period. The move reduced his cap hit in 2024 from $12.45MM to $5.25MM, freeing up $7.2MM of cap space.

The team applied the same tactic to interior offensive lineman Cesar Ruiz‘s contract, per Pelissero, converting his $8MM roster bonus into a signing bonus and adding a void year to the end of his deal. The result saw Ruiz’s cap number drop from $10.85MM to $4.45MM, freeing up $6.4MM more of cap space.

One more time, the Saints got another player to sign a restructured deal this week. This time, star pass rusher Cameron Jordan agreed to convert $11.79MM of his 2024 base salary into a signing bonus, according to Nick Underhill of NewOrleans.Football. Jordan’s base salary was reduced to $1.21MM, and the team cleared $9.43MM of cap space as a result.

Granderson, Ruiz, and Jordan join quarterback Derek Carr, defensive tackle Nathan Shepherd, and center Erik McCoy as Saints who have signed restructured deals to help clear cap space recently.

Here are a couple of other restructured deals from around the league:

The Browns got in on the party, agreeing to a restructured deal with cornerback Denzel Ward, per Pelissero. Cleveland converted $14.2MM of Ward’s base salary into a signing bonus and added a void year to the end of his contract. Ward’s 2024 salary is now $1.13MM as a result, and the move cleared $11.36MM of cap space for the upcoming league year.
Finally, the Bills were the other team this week to work towards more cap space. Offensive guard Connor McGovern agreed to a reworked deal that would convert $4.68MM of his 2024 base salary into a signing bonus and add two void years to the end of his contract, according to Pelissero. The restructure clears up $3.74MM of cap space for Buffalo.

Saints Plan To Release S Marcus Maye

February 29th, 2024 at 8:13pm CST by Sam Robinson

Again needing to make several moves to reach cap compliance, the Saints will make a cap-casualty call this year. They are planning to release Marcus Maye.

The team informed the veteran safety he will be cut at the start of the 2024 league year, Bleacher Report’s Jordan Schultz tweets. Maye has been with the Saints for two seasons, but injuries and a 2023 suspension have kept him off the field for extended stretches.

Cutting the former Jets second-round pick, who has missed 17 games since signing with the Saints in 2022, will save only $1.19MM. It would, then, make more sense for New Orleans to make Maye a post-June 1 cut. Teams can designate two players as such each year, and this genre of cut would save the team $7.2MM. Teams cannot release post-June 1 cuts early, so the delay here points to that type of release transpiring.

The Saints gave Maye a three-year, $22.5MM contract in March 2022. While Maye started 10 games that season, injuries and multiple arrests have impacted his Louisiana stay. Maye’s three-game suspension — levied midway through last season — stemmed from a DUI arrest while the DB was still with the Jets. Maye, however, was also arrested for aggravated assault with a firearm in fall 2022. That charge was later dropped due to insufficient evidence, but Maye’s Saints tenure did not go smoothly.

Maye, who will turn 31 next week, only gave the Saints seven games last season. A shoulder injury prevented him from suiting up for the Saints’ final six games. Maye also endured multiple three-game injury-driven absences in 2022, giving him four such instances of being out for at least three consecutive contests during his Saints tenure.

No guaranteed money remains on Maye’s deal, but the Saints’ penchant for contract restructures will affect another transaction. Three void years are on Maye’s deal stemming from a 2023 restructure, spreading out more than $6MM in dead money. A post-June 1 release will save the team some money this year, but it will ensure the contract remains on the books through 2025. The Saints are inching toward the NFL’s salary ceiling. Prior to the Maye move, they sit just more than $16MM over the cap.

Franchise-tagged by the Jets in 2021, Maye suffered an Achilles tear to end his New York tenure. After grading Maye as the league’s 26th-best safety in 2022, Pro Football Focus slotted him 80th last season. The Saints have Tyrann Mathieu signed through 2024, while rookie Jordan Howden replaced Maye as a starter in seven games. The fifth-round pick played 569 defensive snaps in 2023.

Dave Ziegler To Join Saints Through 2024 Draft

February 26th, 2024 at 4:47pm CST by Adam La Rose

When the Raiders fired head coach Josh McDaniels midway through his second season with the team, general manager Dave Ziegler was also dismissed. The latter has found his next NFL opportunity, at least on a short-term basis.

Ziegler is joining the Saints as an advisor through the upcoming draft, CBS Sports’ Jonathan Jones reports. This temporary agreement will give New Orleans an experienced voice in key personnel decisions over the coming weeks as the team navigates its annual slate of cap gymnastics and free agency. The draft itself will of course be another crucial checkpoint on the offseason calendar.

Ziegler started his executive career with the Broncos in 2010. He worked as a player personnel assistant that year, but some of his subsequent experience came on the scouting side of the operation in Denver and New England. The 46-year-old worked his way up to player personnel director with the Patriots in 2021 before taking the Raiders’ GM gig.

Things did not go according to plan in Vegas, however. The Raiders went 14-20 during his time in charge, a span which took on a distinctly ‘Patriot Way’ flavor. A number of ex-Patriots players were brought in, including quarterback Jimmy Garoppolo. The veteran encountered new injury concerns in his debut Vegas campaign, and he was benched in favor of rookie Aidan O’Connell by interim coach Antonio Pierce. Garoppolo’s PED suspension will allow the Raiders’ new regime to cut bait, but finding a replacement will be a top offseason priority in the bid to move on from the McDaniels-Ziegler tandem.

The Saints have a number of important decisions to make in the near future, including a continuation of the restructures and extensions which will be needed to get under the salary cap ceiling. A number of veterans – including wideout Michael Thomas, whose contract is set up for him to be released – will likely be let go, though. Replacing them via free agency and the draft will be key factors in the Saints’ bid to reach the postseason after going a combined 16-18 under head coach Dennis Allen. It will be interesting to see if Ziegler earns an extended stay in New Orleans or helps his stock for another executive position elsewhere once the draft has concluded.

2024 NFL Cap Space, By Team

February 24th, 2024 at 9:33pm CST by Adam La Rose

The NFL provided clarity to its teams on Friday by setting the salary cap ceiling ($255.4MM). Franchise tag figures have been locked in as well, and clubs can now proceed with their offseason planning knowing exactly where they stand with respect to financial flexibility. Courtesy of Over the Cap, here is the current landscape in terms of salary cap space:

Washington Commanders: $79.61MM
Tennessee Titans: $78.66MM
Chicago Bears: $78.34MM
New England Patriots: $77.96MM
Indianapolis Colts: $72.34MM
Houston Texans: $67.58MM
Detroit Lions: $57.61MM
Arizona Cardinals: $51.1MM
Cincinnati Bengals: $50.67MM
Tampa Bay Buccaneers: $43.68MM
Los Angles Rams: $43.11MM
Las Vegas Raiders: $42.94MM
Minnesota Vikings: $35.81MM
Carolina Panthers: $34.57MM
Atlanta Falcons: $33MM
New York Giants: $30.8MM
Philadelphia Eagles: $27.35MM
Jacksonville Jaguars: $24.68MM
Kansas City Chiefs: $18.19MM
Baltimore Ravens: $16.63MM
Seattle Seahawks: $12.97MM
New York Jets: $12.76MM
Pittsburgh Steelers: $9MM
Green Bay Packers: $2.3MM
San Francisco 49ers: $5.07MM over the cap
Cleveland Browns: $7.76MM over
Dallas Cowboys: $9.86MM over
Denver Broncos: $16.81MM over
Los Angeles Chargers: $25.61MM over
Miami Dolphins: $27.92MM over
New Orleans Saints: $42.11MM over
Buffalo Bills: $43.82MM over

All teams must be cap compliant by the start of the new league year, but it will of course be more than just those currently over the limit which will make cost-shedding moves in the near future. Cuts, restructures and extensions are available as tools to carve out space in advance of free agency. Several have already taken place around the league.

That includes the Dolphins’ release of defensive end Emmanuel Ogbah and the planned cut of Xavien Howard. The latter cannot be designated a post-June 1 release until free agency begins but once it happens, Miami will move much closer to cap compliance. The Saints have moved considerable commitments into the future via restructures (as usual), but more transactions on that front will be required even with the cap seeing an historic single-season jump.

The roughly $30MM spike from 2023 will provide unforeseen spending power for teams already set to lead the pack in cap space while also making the task of those at the bottom of the list easier. Spending more on backloaded contracts this offseason at the expense of future space obviously carries risk, however. Still, the news of a higher-than-expected ceiling will add further intrigue to each team’s financial planning.

With Dak Prescott and Deshaun Watson each set to carry record-breaking cap hits for 2024, the Cowboys and Browns will be among the teams most in need of working out a deal to lower those figures. In Dallas’ case in particular, an extension would provide immediate breathing room in addition to clarity on his future beyond the coming season. For Cleveland, Watson’s fully-guaranteed deal has already been restructured once and will need to be again to avoid consecutive years of a $64MM cap charge over its remaining term.

If the Commanders and Patriots add a quarterback with the second and third picks in this year’s draft, each team currently in the top six in space will enjoy the benefits of having a signal-caller on their rookie contracts. That would allow for an aggressive approach to free agency, although the Chiefs’ success after Patrick Mahomes signed (and re-worked) his monster extension has proven it is possible to win Super Bowl titles with a substantial QB investment on the books.

Saints Rework Contracts Of Derek Carr, Nathan Shepherd

February 24th, 2024 at 9:43am CST by Ben Levine

After reworking Erik McCoy‘s contract earlier this week, the Saints continue to carve out cap space. According to ESPN’s Jeremy Fowler, the Saints have restructured quarterback Derek Carr‘s contract, opening around $23MM in cap space. Meanwhile, ESPN’s Field Yates adds that the team also restructured defensive tackle Nathan Shepherd‘s deal, clearing another $3MM in space.

Carr inked a four-year, $150MM contract with the Saints last offseason. According to Jason Fitzgerald of OverTheCap.com, the Saints likely converted the maximum ($28.79MM) of Carr’s $30MM salary into a bonus, reducing the quarterback’s cap number from $35.7MM to $12.67MM in the process.

Of course, this instant relief will have an impact on the team’s future cap sheets. Per Greg Auman of FOX Sports, this recent restructure effectively assures that Carr will be sticking around New Orleans through at least the 2025 campaign. Next offseason, the Saints will be faced with paying Carr around $40MM, or they’ll be left with an untenable $50MM in dead cap by moving on. Fitzgerald adds that the recent cap machination boosts Carr’s future cap hits by around $5.76MM per season, and his $51.46MM cap number for the 2025 campaign now ranks fifth in the NFL.

Shepherd also joined New Orleans last offseason, inking a three-year, $15MM deal. He proceeded to have a career year, compiling 50 tackles and 3.5 sacks in 17 starts. While Pro Football Focus wasn’t fond of his performance in 2023, they did grade him as one of the better pass-rushing interior defenders in the NFL.

When accounting for the reworked deals for Carr, Shepherd, and McCoy, the Saints have opened up around $33MM in cap space this week…and they may not be done. Fowler reported yesterday that the team is expected to also rework the contract of offensive lineman Cesar Ruiz. Even with all their recent moves, the Saints still need to do a lot of work to become cap compliant. The team entered the offseason around $83MM over the cap.

Saints’ Jameis Winston Eyeing Starting Role

February 23rd, 2024 at 9:35am CST by Adam La Rose

Jameis Winston has been in New Orleans since 2020, and his desire to remain with the team has been made clear this offseason. A new Saints contract would tie him to a backup role, however, something which the veteran quarterback has become familiar with in recent years.

In spite of that, Winston still has his eyes on a No. 1 gig. New Orleans has Derek Carr on the books through 2026, although the team could move on after next season with relative ease. Carr will be in line for the starting role in 2024 at a minimum, so Winston’s intention of re-signing with the Saints will need to be weighed against his desire to lead an offense. He recently spoke about his situation with free agency not far away.

“My goal is to be, and my desire is to be, a Super Bowl-winning starting quarterback in this league,” the former No. 1 pick said in an interview with Kyle Mosley of Saints News Network. “Right now, that doesn’t look like a very clear picture with the New Orleans Saints.”

Winston is a pending free agent after he agreed to a one-year pact last offseason in a move which allowed him to stay in New Orleans. That contract has been restructured, leaving him on track to reach the open market while leaving the Saints with dead cap charges regardless of if he is re-signed or allowed to depart. While Winston’s remarks suggest he would interested in exploring outside opportunities, it would be a surprise if he managed to generate a notable market as a No. 1 option this spring.

The 30-year-old has not played a full season as a starter since 2019, the year of his infamous 33-touchdown, 30-interception campaign with the Buccaneers. Winston would join a host of other veteran signal-callers available as bridge options for teams in the QB market this offseason, many of which are likely to add at the position via the draft in April. New Orleans has Carr as well as 2023 fourth-rounder Jake Haener on the QB depth chart, and the latter could ascend to the backup role if Winston were to depart. It will be interesting to see how willing Winston is to test the market if a clearer path to a starting opportunity presents itself outside of New Orleans.

Saints Restructure C Erik McCoy’s Contract

February 22nd, 2024 at 8:54am CST by Adam La Rose

As has become tradition in recent years, the Saints have a number of moves to make in the build-up to free agency to become cap compliant. The team took another step in that direction Thursday.

New Orleans converted the base salary and roster bonus of center Erik McCoy into a signing bonus, Tom Pelissero of NFL Network reports. The move frees up $7.18MM in cap space for 2024, but it will add to his cap hits for future years on his through-2027 contract. As NewOrleans.football’s Mike Triplett adds, the Saints can manufacture roughly $30MM more in immediate breathing space by restructuring their other veterans. Colleague Nick Underhill notes a void year has been added to the deal.

McCoy inked a $60MM extension in September 2022 to ensure he would avoid hitting the market at the expiration of his rookie contract. That deal kept one of New Orleans’ key offensive contributors on the books for the long term, but it added to the list of expensive commitments the team has made amidst its annual salary cap challenges. The former second-rounder already had his deal adjusted last winter.

McCoy played a full campaign in 2023, the first time he did so since 2020. The 26-year-old saw a marked improvement in terms of PFF evaluation, particularly in the run blocking department. He earned a Pro Bowl nod for the first time in his career, proving his value on a O-line which is in need of upgrades at other positions. The center spot is not a question mark for several more years, though, especially given the term remaining on McCoy’s pact.

New Orleans started the day more than $80MM over the cap, so a number of other moves will be needed before the new league year begins next month. The team has already re-worked the contracts of Marshon Lattimore and Jameis Winston, and several other similar decisions will no doubt be made. General manager Mickey Loomis has made it clear a similar approach to those of past years will be followed in 2024; as such, New Orleans will be on track to keep much of its corps intact by racking up future cap commitments.

Saints To Hire Rick Dennison

February 16th, 2024 at 1:58pm CST by Sam Robinson

New Saints OC Klint Kubiak is bringing a familiar staffer with him to New Orleans. Rick Dennison will return to coaching, re-emerging after two seasons out of the league.

The Saints are hiring Dennison as their run-game coordinator on offense, Bleacher Report’s Jordan Schultz tweets. Dennison has an extensive past with Gary Kubiak and Mike Shanahan, who played the lead roles in shaping the offense that has caught on thanks to the rises of Kyle Shanahan and Sean McVay.

Dennison, 65, will head to New Orleans as a four-time offensive coordinator. While Dennison’s OC days are probably over, his commitment to join Klint Kubiak with the NFC South team provides a fairly strong indication into the type of offense the new OC plans to implement. Dennison worked with both Kubiaks in Minnesota, being the Vikings’ O-line coach and run-game coordinator from 2019-20. He was on as a senior offensive assistant in 2021.

Mike Shanahan employed Dennison as an assistant throughout his 14-year stay as Broncos HC. The former Broncos linebacker was not in place as offensive line coach when a dominant Denver O-line helped Terrell Davis to the Hall of Fame, though he was in that role as the back half of the team’s assembly line of 1,000-yard rushers formed under Shanahan. The Broncos promoted Dennison to OC in 2006, and he rejoined Gary Kubiak in Houston in 2010. Dennison’s stay as Texans OC overlapped with Arian Foster‘s ascent, which included a rushing title, with the Texans.

Dennison carries three Super Bowl rings from his Broncos days, picking up No. 3 as Gary Kubiak’s non-play-calling OC in 2015. The Bills employed Dennison as a play-calling OC in Sean McDermott‘s first season (2017) but fired him after one season, leading to the Brian Daboll hire. The Bills ranked 22nd offensively under Dennison but sixth on the ground, as LeSean McCoy motored to another Pro Bowl in Buffalo. Dennison came under fire in 2021, refusing to be vaccinated against COVID-19. The Vikings were believed to have kept Dennison on staff but moved him out of his role as O-line coach as a result, as coaches needed to be vaccinated to work directly with players that year.

The Saints are also hiring former Chargers assistant Derrick Foster as their running backs coach, 247Sports.com’s Matt Zenitz tweets. They recently interviewed Keith Williams for their wide receivers coach position as well, NewOrleans.football’s Nick Underhill adds. Williams worked as the Ravens’ assistant wideouts coach last season, being hired during Greg Roman‘s OC tenure but moved to that job under Todd Monken. Williams was also on Pat Hill’s Fresno State staff from 2009-11, a period that overlapped with Derek Carr‘s years with the program.

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