The Saints could suddenly find themselves in a good place in relation to the salary cap, good news considering where the club began the offseason.
The salary cap for 2014 is expected to blossom to $130 million, up from the $126 million ceiling originally believed, according to a report by ESPN.com. New Orleans currently has nearly $125.3 million dedicated to the salary cap.
Should the report prove true, New Orleans would suddenly be more than $5 million below the cap at a time when it’s trying to find a way to sign tight end Jimmy Graham to a long-term contract.
Graham, however, isn't the only free agent the Saints have on the market. New Orleans mainstays Zach Strief, Malcolm Jenkins and Brian de la Puente are among more than 10 players on the market.
New Orleans got to this point by terminating the contracts of three long-time Saints players on Feb. 12. Cornerback Jabari Greer and outside linebacker Will Smith were let go after the club said they couldn’t pass physicals while safety Roman Harper was simply released.
The three will combine to add $8.69 million of dead money to the Saints’ salary cap number this year, but will completely come off the accounting spreadsheet in 2015. ESPN.com's Kevin Seifert explains "dead money" in this blog post.