The New Orleans Saints currently enjoy about $1.4 million in salary cap space according to Over the Cap. In order to get to that point, the Saints have had to perform increasingly wild levels of cap gymnastics, including creating an entirely fake Taysom Hill contract that is quite hilarious to view. The Saints are enduring this pain for multiple reasons. First and foremost, like about two-thirds of the league, they have seen their financial situation significantly altered by the the COVID cap crunch.
It’s not just COVID, however. This is partially a situation of their own creation.