Once Will Smith is cut, which is going to happen the second the league year begins again, that frees up $11,550,000 in cap room for nola right away.
Jabari Greer could also be let go which would save 3,175,000 million if they cut him outright, or if they designate him a june 1 cut would free up almost 4,500,000 million for this year (and defer the 1,325,000 of 2014 signing bonus until next year).
Darren Sproles who carries a lot of name weight but has seen his production drop off dramatically could be approached about a pay cut or released and would save 3,500,000 in cap space....
That's already almost 20 million in cap space freed up.
And of course you could approach Brees or Jahri evans about restructuring, turning part or most of their 2014 p5 base salary into signing bonus and prorate it over the rest of their deal which would lower the saints 2014 hit substantially. Brees has a 10,750,000 2014 p5 base and Evans has 6,800,000.
Jimmy isn't going anywhere. Question is whether the Saints tag him or lock him down, if they decide to tag him... get ready for a fight about the TE/WR designation. But all that will get taken care of in the wash and Jimmy will get his money.
As one front office exec told me last week, "if i can't find a way to create 10, 12, or whatever to sign one of the best players in our league..... than I don't deserve to have my job"