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How Saints, $42 million over salary cap, can free up space

NEW ORLEANS - The New Orleans Saints are projected to be about $42 million over the 2024 NFL salary cap of $255.4 million.

The new salary cap ceiling was officially announced on Feb. 23. It is an increase of $30.6 million from 2023 and more than $10 million over salary cap projections from January.

That's good news for the Saints, who have started their annual work to get salary cap compliant. They must be under the new cap by March 13 when the new league year begins. New Orleans typically becomes compliant each offseason through a series of restructures, releases and pay cuts.