The Saints have shown interest in Patriots cornerback Malcolm Butler for some time this offseason and met with him before he signed his restricted free agent tender with New England, but the need to send the 11th overall pick to the Patriots if they signed him to an offer sheet that the Patriots didn’t match was a big obstacle to bringing him to New Orleans.
Now that Butler has signed his tender, the Saints could negotiate different compensation with the Patriots in a trade. The chances of that happening may not be great, however.
Peter King of TheMMQB.