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The Saints are more than $55M over the 2023 salary cap. Here's how they free up $80M

NEW ORLEANS, La. -- New Orleans Saints general manager Mickey Loomis would one day like to see a future where the Saints aren't at the bottom of the salary cap standings.

But the Saints have a lot of work to do to get there.

The salary cap is expected to be set at $224.8 million, a jump from the 2022 cap of $208.2 million. It's back on the upward trend after dropping in 2021 because of the COVID-19 pandemic. The Saints were $55 million over the salary cap when the NFL informed teams of their pending cap space in late January, according to Roster Management System.