New Orleans' Strategic Financial Moves

The New Orleans Saints have emerged as strong contenders to sign quarterback Deshaun Watson, leveraging creative cap management to overcome their $70 million deficit. Through contract restructures with key players including Erik McCoy and Cesar Ruiz, the team has already saved $11 million in cap space.

Quarterback Transition Plan

With Derek Carr's retirement announcement in May 2025, the Saints are considering a post-June 1 release that would free $30 million in cap space. This strategic move creates flexibility to pursue Watson while maintaining competitive aspirations.

Watson's Complex Situation in Cleveland

The 29-year-old quarterback faces career uncertainty following his October 2024 Achilles tear, compounded by Cleveland's $72.9 million cap hit for 2025. The Browns' recent acquisition of Joe Flacco and draft selection of Shedeur Sanders signals potential readiness to move on from Watson.

Contract Dynamics

Watson's fully guaranteed contract through 2026 presents challenges, but the Saints could offer cap relief through creative restructuring. New Orleans might leverage their financial flexibility to propose a low-risk trade involving late-round draft compensation.

Steelers' Shift in Strategy

Pittsburgh's brief 2022 interest in Watson has evolved into a youth-focused approach. The Steelers' current quarterback room features Skylar Thompson and developmental prospects like Trey Lance, eliminating them from the Watson sweepstakes.

Why New Orleans Fits

Head coach Kellen Moore's vertical passing scheme aligns with Watson's playmaking strengths. The potential combination with weapons Chris Olave and Alvin Kamara could elevate an offense that ranked 22nd in scoring last season.

Rehabilitation Support System

New Orleans' defensive-oriented culture under Moore provides an ideal environment for Watson's recovery. The organization's history of managing veteran rehabilitation could prove crucial in restoring the quarterback's Pro Bowl form.

Remaining Challenges

The Saints must finalize cap adjustments through potential releases of Cameron Jordan and Ryan Ramczyk. Watson's medical clearance remains pivotal, with the team considering contingency plans involving Tyler Shough or Jameis Winston.

NFC South Implications

This potential acquisition could dramatically shift division dynamics. A healthy Watson would immediately elevate the Saints' competitiveness, while strategic cap management preserves future flexibility.