Drew Brees is retiring. The Hall of Fame-bound New Orleans Saints quarterback made that official on Sunday in an all-time great Instagram post starring his children, who shared the news with the football world. So how does it influence the Saints’ high-stakes salary cap situation?
In brief, it doesn’t really change anything. Brees already agreed to a $24 million pay cut earlier this offseason, signaling his decision to step away from the game, meaning his 2021 salary cap hit is just $11.15 million. If he were moved to the reserve/retired list now, that would raise the hit to $22.