Saints Rumors

2024 Top 50 NFL Free Agents

With the franchise tag application deadline in the rearview mirror, we have a clearer picture of who will be available in free agency. Barring 11th-hour deals, starting quarterbacks and a future Hall of Fame defensive tackle will drive the class in the 32nd year of full-fledged free agency in the NFL.

In addition to the Kirk CousinsBaker MayfieldChris Jones trio, interior offensive linemen will cash in as part of this year’s crop. Last year’s tackle class was a bit deeper; this year, O-line dollars figure to be funneled inside.

The NFL’s legal tampering period, which gives players a window to speak with other teams and reach unofficial agreements, begins at 11am CT on March 11. The new league year opens two days later, though much of the frenzy will take place during the tampering period.

This list ranks free agents by earning potential, with guaranteed money serving as the general measuring stick. This is one of the great running back classes in free agency annals, but even though some of the RBs’ accomplishments far eclipse many of the players ranked above them, the position’s market has absorbed numerous hits. Older standouts, including potential Hall of Famers, not having the earning power they once did also factors into this equation.

Here is this year’s PFR top 50 free agents list, along with potential landing spots for each player.

1. Kirk Cousins, QB. Age in Week 1: 36

Cousins hitting free agency in his prime six years ago brought countless rumors about his value and future. Quarterback movement was less common then. Cousins made that foray count, scoring a landmark deal from the Vikings – a fully guaranteed three-year, $84MM pact. We are back here again because Cousins and the Vikings could not agree on a fourth extension, with the sides’ 2023 talks breaking down in part because Minnesota refused to provide guarantees into a third year. Cousins is coming off an Achilles tear, but given the need here, the 13th-year veteran is back atop a free agent value list.

Thanks to Cousins’ two-franchise tag path out of Washington in the late 2010s, the Vikings could not realistically tag their quarterback. No one has been tagged a third time since the 2006 CBA made doing so prohibitive. While the Vikings and Cousins have each expressed interest in a reunion, time is running out due to the structure of Cousins’ third Vikings contract. And a clear threat has emerged.

If Minnesota cannot re-sign Cousins before the start of the 2024 league year, $28.5MM in dead money will move onto the team’s 2024 cap sheet. Considering the dead cap awaiting and the Vikings holding the No. 11 overall draft slot, the team is in crunch time at quarterback. Minnesota will need to decide on perhaps one final contract with one of the NFL’s all-time financial mavens, and with Justin Jefferson interested in the team’s decision with the quarterback that helped him to a historic start, the NFC North club is navigating a layered process.

Never confused with a top-tier quarterback, Cousins has been in the league’s upper third for much of his career. The former Washington fourth-rounder had thrown 18 TD passes compared to five INTs before the Week 8 Achilles tear shut him down, finishing this productive stretch with Jefferson sidelined three games. QBR slotted Cousins seventh last season but rehabbing this injury in his mid-30s certainly will not make teams feel great about the offers required to win this derby. Still, this is the cost of doing business with above-average QBs.

Cousins has all of one Pro Bowl as a non-alternate, coming in 2022. Illustrating the value this position brings and Cousins having the upper hand on the Vikings in negotiations thanks to the fully guaranteed deal he landed in 2018, the Michigan State alum has made more than $231MM in his career. That number will almost definitely balloon past $300MM by 2025. Cousins has signed deals worth $28MM, $33MM and $35MM per year. Although Derek Carr scored a $37.5MM-AAV Saints pact and a practical guarantee of $70MM, Cousins’ consistency and financial shrewdness may still top that even near the end of his mid-30s.

Only Fran Tarkenton and Tommy Kramer have served as Vikings QB1s longer than Cousins, but Minnesota also must begin planning for the future. The team has seen Cousins and Jefferson form a dominant connection; Minnesota has also won just one playoff game since signing Cousins, failing to reach the postseason in three of his healthy years. If the Vikings pass and set their sights on the draft, who will make the payment?

Facing incomprehensible dead money due to the Russell Wilson extension going bust, the Broncos could certainly use Cousins as a bridge. Denver’s dead cap — $85MM over the next two years once Wilson is designated a post-June 1 cut — will make this signing difficult. The Broncos bowed out of the Cousins sweepstakes six years ago, signing Case Keenum; they may not have the resources to make a competitive bid now.

Cousins-to-Atlanta is producing enough smoke it is time to closely monitor this relocation; this reality would put Terry Fontenot’s skill-position draftees in better position to thrive, after Marcus Mariota and Desmond Ridder held them back. While Justin Fields odds pointed the Bears QB to Atlanta last week, it looks like the Falcons prefer a proving passing option. Hiring ex-Rams QBs coach Zac Robinson as OC, the Falcons appear the Vikings’ top threat if Cousins hits the tampering period unsigned.

Best fits: Falcons, Vikings, Broncos

2. Baker Mayfield, QB. Age in Week 1: 29

Were this an accomplishments-based ranking, Mayfield would not sniff this tier. Starting QBs in their primes get paid, as they rarely reach the market. Mayfield is not exactly a set-it-and-forget-it option, as this era has featured less QB patience than previous NFL periods. But he is being linked in the $35MM-per-year range. That marks a staggering transformation from 2023, when one team was willing to make the former No. 1 pick its starter favorite.

Mayfield turned down slightly more lucrative offers to vie against only Kyle Trask — after the Bucs passed on Will Levis, whom they brought in for a “30” visit — last year. The bet on a return to form in Dave Canales’ system paid off, though it is important to note how far the ex-Browns QB1 fell over the previous two seasons. Rumblings of a franchise-level extension — in the $30MM-plus-AAV range, when that number meant more — surrounded Mayfield’s 2021 offseason, which followed the ’20 Browns nearly upsetting the Chiefs in the divisional round. That remains Cleveland’s lone Round 2 playoff run since 1989. Had Mayfield built on the progress he showed in 2020, an alternate NFL reality — in which the Falcons have Deshaun Watson and the Bucs pursue a different post-Tom Brady stopgap — probably ensues. But the ’21 season tanked Mayfield’s stock, which had farther to fall in 2022.

An early-season injury to Mayfield’s non-throwing shoulder plagued him in 2021, and after the Browns’ unrefusable Watson offer led Mayfield to Carolina, horrid form keyed a last-place QBR finish in 2022. Mayfield’s 2023 QBR (54.3) trails his 2020 number (65.5), and the Bucs went from 3-0 to 4-7 to the divisional round. This rollercoaster ride provided a nice microcosm of Mayfield’s pro career, which also involved a steep 2019 dip due largely to Freddie Kitchens being overmatched as a head coach. But the inconsistency should matter here, to a degree.

If the Bucs let Mayfield hit the market, the statuses of Cousins and Justin Fields will be intertwined with his as teams without top-three draft real estate determine their options. It is not out of the question clubs could view Sam Darnold, Jacoby Brissett, Gardner Minshew or Ryan Tannehill at a far lower price as a more cost-effective option than Mayfield. The Giants faced same question last year; was there a team willing to go to the $40MM-per-year place had Big Blue let Daniel Jones hit free agency? The Jones contract has likely come up in Mayfield negotiations, complicating the Bucs’ decision.

Mayfield established new career-high marks in TD passes (28) and yards (4,044). He also limited his INTs to 10 in Canales’ offense. The Bucs gave Mayfield input in their OC search, which produced ex-Rams OC Liam Coen, providing an obvious signal they do not intend to let him get away. The Bucs just made the playoffs with Brady’s $35.1MM void years-driven dead money on their payroll. While Mayfield’s deal would be backloaded, Tampa Bay would not see too much change here with Mayfield set to go from a $4MM base salary to likely beyond $30MM.

Geno Smith’s three-year, $75MM deal should serve as Mayfield’s floor, as it is the veteran-QB1 basement presently. But Smith agreed to Seahawks-friendly terms. A pay-as-you-go contract is unlikely here, with the Jones and Derek Carr deals respectively producing practical guarantees of $81MM and $70MM. Mayfield is also four years younger than Smith. Mayfield might not match Jones and Carr for AAV, but the Bucs will need to pay him more per year than they did Brady ($25MM).

Passing would make the Bucs start over from a poor draft slot to do so (No. 25), arming Mayfield’s camp with more leverage. The Vikings being unable to complete a deal with Cousins could make them a Mayfield suitor, and while the Patriots have quite a few connections to the former Heisman winner — including Eliot Wolf and OC Alex Van Pelt — it does not make too much sense for the Pats taking this route given the shape of their roster. With Fields and Cousins in the mix and the Steelers setting their sights lower, Mayfield’s options are still somewhat limited. That will play into the Bucs’ hands; both sides need to be careful here.

Best fits: Buccaneers, Falcons, Vikings

3. Chris Jones, IDL. Age in Week 1: 30

The Chiefs secured dynasty status after trading Tyreek Hill and, barring some playoff surges, missing on the Frank Clark contract. They have not paid cornerbacks during this stretch, highlighting the importance of Steve Spagnuolo’s centerpiece defender. (L’Jarius Sneed’s franchise tag, coming with heavy trade rumors, points to the Chiefs going in this direction again.) Patrick Mahomes and, especially over the past year, Travis Kelce receive most of the attention. Jones has been the clear third Chiefs pillar during this period, racking up five All-Pro honors and being the only pure defensive tackle in the sack era (1982-present) to record two 15-sack seasons.

Jones has also been durable, missing more than two games in a season just twice and suiting up for all but one contest during Kansas City’s back-to-back Super Bowl-winning campaigns. That makes the Chiefs’ defensive struggles in Week 1, during Jones’ holdout, notable. Rightfully asking for money in the Aaron Donald neighborhood, Jones bet on himself rather than accept a Chiefs offer that placed him on the same plane as less proven DTs — in the second tier that formed thanks to 2023’s Jeffery Simmons, Quinnen Williams, Daron Payne and Dexter Lawrence extensions. With Nick Bosa raising the defender ceiling to $34MM per year in September, Jones reaching $30MM AAV is in play on the open market. The Chiefs’ top priority is preventing Jones reaching free agency.

Kansas City franchise-tagged Jones in 2020, which always made a 2024 tag – at 120% of his pre-restructure 2023 salary, pushing the total past $32MM — unrealistic. Although Jones has said on multiple occasions he wants to stay in Missouri, the Chiefs’ negotiations last year created the risk of losing one of the best players in franchise history. From a pass-rushing standpoint, Jones has surpassed Donald (the current Donald version, that is) during the Chiefs’ back-to-back Super Bowl-winning years. He is three years younger than the Rams all-time great. Donald needed to threaten retirement to secure his landmark raise at 31; Jones reaching the open market healthy — in a year when a record cap spike occurred — effectively maximizes his leverage.

Javon Hargrave scored a $21MM-per-year pact; it took only $40MM fully guaranteed for the 49ers to land him. From an accomplishments and impact standpoint, Jones’ free agency is closer to Reggie White’s than Hargrave. White was 31 when his 1993 free agency tour commenced. Albert Haynesworth (2009) and Ndamukong Suh (2015) scored record-setting deals when they hit the market. Jones probably will not top Bosa’s AAV, but eclipsing the current DT guarantee high (Williams’ $66MM) seems likely.

The Chiefs have shown they can get by after losing corners; they have not shown they can win without Jones, who has made countless pivotal plays while rushing from inside and outside. The most recent led to a 49ers overtime field goal, which set up a championship-cementing Chiefs drive. Kansas City will need to make a monster offer to keep Jones off the market, but at this point, the champs must prepare to outbid other teams as their future Hall of Fame DT is less than a week away from testing the market.

Bears GM Ryan Poles was in Kansas City when the Chiefs drafted Jones in the 2016 second round, and Chicago is likely to restart its QB contract clock via a Caleb Williams pick soon. The Texans also have a rookie-QB contract (and Will Anderson on a rookie pact) around which Jones’ guaranteed years could be structured. With budgets increasing as of the recent cap news, teams could enter this bidding for one of the best defenders to ever hit free agency.

Best fits: Chiefs, Texans, Bears

4. Christian Wilkins, IDL. Age in Week 1: 28

The stars have aligned for Wilkins. From the Dolphins’ cap status to Justin Madubuike being franchise-tagged and the rest of the high-level D-tackles from Wilkins’ draft class being extended last year, the charismatic Clemson alum is about to reap the rewards of hitting free agency at this point. Excelling against the run and coming off his best pass-rushing season, the five-year veteran is likely to land a deal in the ballpark of those given to the rest of the 2019 first-round DT contingent. If the Chiefs re-sign Chris Jones, suddenly the player the Dolphins shied away from extending is the market’s top D-tackle prize.

Negotiations dragged on last summer, and other deals set the market. The Commanders extended Daron Payne in March, while the Titans reached an agreement with Jeffery Simmons in April. Dexter Lawrence followed in May, and the Jets hammered out their Quinnen Williams re-up just before training camp. Each pact was worth between $22.5-$24MM per year, creating a new second tier behind Aaron Donald’s outlier accord, and brought between $46-$47.9MM guaranteed at signing. This is a narrow range, making it a bit odd nothing was finalized. The Dolphins offered a top-10 DT salary, but that falls short of the Payne-Simmons-Lawrence-Williams range. It is possible the Dolphins also used 2019 first-round DT Ed Oliver’s deal, which came in lower ($17MM AAV, $24.5MM guaranteed at signing) as a comp in these talks. That would naturally introduce a complication.

A September rumor suggested the Dolphins were hesitant to go into the above-referenced price range due to Wilkins’ low sack output (11.5 sacks from 2019-22). He responded with a career year, tallying nine sacks — twice as many as his previous best — and 23 QB hits (10 more than his prior best). Wilkins finished 13th in ESPN’s pass rush win rate metric. This came after ESPN’s run stop win rate metric viewed Wilkins as a dominant presence, ranking him first in 2022 and second in 2021. Wilkins, who also deflected 15 passes from 2020-22, adding a pass rush piece will be valuable soon.

Residing in poor cap shape, the Dolphins already released Jerome Baker and Emmanuel Ogbah and are set to cut Xavien Howard. They have also paid two D-line pieces — DE Bradley Chubb, DT Zach Sieler — eight figures per year and have Jaelan Phillips presumably on the extension radar. Will Wilkins, acquired during Brian Flores’ first year, need to find his money elsewhere? Flores’ Vikings could be waiting.

Best fits: Texans, Vikings, Patriots

5. Jonathan Greenard, Edge. Age in Week 1: 27

Already a lower-profile franchise, the Texans saw their on-field work drift off the radar as their Bill O’Brien-run operation cratered and produced two subsequent HC one-and-dones. One of the players who was worth monitoring during this bleak period broke through to help Houston re-emerge under DeMeco Ryans. Greenard delivered a 12.5-sack season, leading the Texans in sacks by a wide margin and providing Will Anderson with a quality bookend.

A fringe tag candidate entering the offseason, Greenard had already tallied an eight-sack season (in 2021) before an injury-plagued 2022 stalled his early-career momentum. But last season brought new territory. Ranking 20th with 33 quarterback pressures, Greenard smashed his career-high with 22 QB hits. He ranked sixth among edge rushers in ESPN’s pass rush win rate metric in 2023. Reinvigorated in Ryans’ scheme, Greenard profiles as a player the Texans want to re-sign. But rumblings about his price will put Houston to the test. An AAV in the $22MM neighborhood could be in the offing for a player whose best work should still be ahead. Teams look eager to land Greenard.

Sitting in the top five in cap space and having Anderson and C.J. Stroud tied to rookie deals through at least 2025, the Texans can afford to make some investments elsewhere. They have begun doing so via the Dalton Schultz re-signing. Beyond its O-line, Houston’s cap sheet is light on big payments. Regularly stocking the roster with two-year deals at lower-middle-class rates, GM Nick Caserio has not gone to this financial territory to retain a player just yet. The Patriots would regularly let this type of player walk, as the Trey Flowers 2019 Detroit defection illustrates. The Texans’ Stroud and Anderson situations, however, support a re-signing.

Best fits: Texans, Commanders, Bears

Read more

Minor NFL Transactions: 3/7/24

Here are Thursday’s minor moves:

Detroit Lions

Miami Dolphins

New England Patriots

New Orleans Saints

Campbell was set to be a restricted free agent; this deal will bypass the tender process and keep the young defender on the team. The former UDFA has primarily been a Dolphins special-teamer, though he started one game apiece over the past two seasons. Campbell has logged at least a 69% snap share on special teams in each of the past three seasons.

Saints To Extend S Tyrann Mathieu

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

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

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

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

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

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:

  1. Washington Commanders: $79.61MM
  2. Tennessee Titans: $78.66MM
  3. Chicago Bears: $78.34MM
  4. New England Patriots: $77.96MM
  5. Indianapolis Colts: $72.34MM
  6. Houston Texans: $67.58MM
  7. Detroit Lions: $57.61MM
  8. Arizona Cardinals: $51.1MM
  9. Cincinnati Bengals: $50.67MM
  10. Tampa Bay Buccaneers: $43.68MM
  11. Los Angles Rams: $43.11MM
  12. Las Vegas Raiders: $42.94MM
  13. Minnesota Vikings: $35.81MM
  14. Carolina Panthers: $34.57MM
  15. Atlanta Falcons: $33MM
  16. New York Giants: $30.8MM
  17. Philadelphia Eagles: $27.35MM
  18. Jacksonville Jaguars: $24.68MM
  19. Kansas City Chiefs: $18.19MM
  20. Baltimore Ravens: $16.63MM
  21. Seattle Seahawks: $12.97MM
  22. New York Jets: $12.76MM
  23. Pittsburgh Steelers: $9MM
  24. Green Bay Packers: $2.3MM
  25. San Francisco 49ers: $5.07MM over the cap
  26. Cleveland Browns: $7.76MM over
  27. Dallas Cowboys: $9.86MM over
  28. Denver Broncos: $16.81MM over
  29. Los Angeles Chargers: $25.61MM over
  30. Miami Dolphins: $27.92MM over
  31. New Orleans Saints: $42.11MM over
  32. 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

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.

[RELATED: Saints Restructure C Erik McCoy’s Contract]

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

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.