Assuming the salary cap comes in between $153-$155 million, where it is estimated, the New Orleans Saints should now be out of that “salary cap hell” that everybody relentlessly mentions. But let’s not get ahead of ourselves — things can still change in this very complex system.
After cutting several players and restructuring the contract of Dannell Ellerbe, who is now a cap burden of $3.2M instead of $5.9M (a $2.7M savings), and if the math is right, the New Orleans Saints should now be looking at a cap hit of $151,429,220 (includes $22,331,847 in dead money) for the 2016 season (per spotrac.