Thanks, I knew that but just saw Rocks reply and appreciate you being able to clarify it.
Ah, I’m using both sites and Over The Cap does not have that. That’s why I’m using $2.99M insted of $2.67M. If that is the case, thank you. Let’s assume it is moving forward. I missed that and the guarantee for injury becomes a guarantee of $3M in salary for 2026.
If he did get traded and everything went great they'd have the option of retaining him for $11.5m or doing an extension to spread out the cap hit. They would only be staring at $3M by acquiring him and that's if they did not want to keep him and could not find another team to that wanted him via trade.
Nope, I totally understand that. Let’s call the acquiring team "Team A.” The Saints trade Kendre to them tomorrow, 10/9/25. So you have a post-June 1st trade. Team A, given the fully guaranteed salary for ’25 ($2.99M fully guaranteed) and $3M guarantee vested on 3/14/25 for his ’26 salary is actually staring at $5M en toto, with a ~$2M cap hit in ’25 (the pro-rated amount of his ’25 salary), and then a $3M cap hit in ’26 because they assume that guarantee from the Saints if there are no explicit terms to the contrary. So in terms of the guaranteed parts of his base salary for both ’25 and ’26 they’re on the hook for $5M or around there.
Now, I get what you’re saying about not having to pay him or have cap liabilities of what is actually $8.5M (they HAVE to pay him $3M, and since the total salary is $11.5M, it’s an extra $8.5M). Now they do have the option of paying him nothing and cutting him either pre- or post-June 1st and that’s that. They owe him $3M in cash and take a cap hit of $3M for 2026.
But he and his agent know this. Like cold. He’s going to want that money and he’s going to seek to get that money either through payment in ’26, restructuring by converting that base salary into a signing bonus, whatever. I think you can bet pretty safely on that. And it’s going to have to be worked out because nobody wants a disgruntled guy coming. And he doesn’t have to go at all. He can do everything from insisting on renegotiating and then doing everything from milking an injury up to retiring. Believe me he knows about the $8.5M that somebody, somewhere promised to pay him 2026.
does not help drive Kamara's interest in being traded. Due to cap reasons the best chance he has to see that $11.5m in 2026 is if the Saints keep him.
I said the something similar earlier today right here. But it’s not $11.5M, it’s $8.5M (again thanks to Tau for catching that clause). I agree with you to a degree . . .
If you are a little more hardened in what you believe, there’s a very serious money issue. Kamara is due $11.5M next year as a salary. I would submit to you that the only prayer he has at seeing an amount even close to that is if he plays off of owner/GM/fan sentiment and stays in New Orleans. Right now, as far as rushing goes, Kendre is better. It’s not disparate enough to earn Kendre the job, but the writing seems to be on the wall but for the always unsteady feeling of Kendre’s health.
He of course does not technically have to agree to a trade. I've just long been of the notion his status with the orginazation, combined with what is most likely not much of a return, are not reasons to alienate him. Could happen, wish it would happen, just seems doubtful to me.
I agree with this. Almost fully. The issue is that the Saints save a decent amount if they trade Kendre. If they keep him and release him, it’s ugly for their bottom line, and this is where the full picture helps. They can go six ways with this. They can hold him through this year (2025) and cut him either pre-June 1st or post-June 1st of 2026. They can hold him through 2026 and then he becomes a UFA after the year. They can trade him this season before the deadline, which would make him a post-June 1st trade. They can trade him in the offseason before June 1st, or they can trade after June 1st of 2026 for either the whole or part of that year.
I went over the comparison between holding him the rest of this year and trading him this year before the deadline. Here is the discussion:
So what would the savings be if the Saints traded him this year before the deadline vs. retaining him?
Well, the Saints guaranteed Kamara’s salary in 2025 for the amount of $2.99M. We add all of it (it is not pro-rated) to the current cap expenditures number, and we also add the $7M in signing bonuses and restructures due this year (that is the $3.1M pro-rated signing bonus paid in 2025 added to the $3.9M that was the restructure amount paid in 2025). That $10M is your cap obligation for 2025. Since current year salaries count against the cap in full without being pro-rated, you count the full $3M and the $7M in deferrals you made, and you do not decrease your cap amount in 2025 by trading him. The number here is 0. There are zero savings against the cap—the Saints' obligations to the cap are equal to the full amount of consideration owed in 2025.
That said, if they trade him today, another team would generally assume the salary and salary guarantees (but not the pro-rated or amortized signing bonuses and restructures). So if the Saints traded Kamara next week, say, they would have paid 1/3rd (Week 1 - Week 6) of his base salary. Given that the league tries to match expenditures to each teams’ cap number, they would get a credit against their 2026 expenditures of the pro-rated amount of Kamara's 2025 salary that the other team paid Kamara in 2025 (remember the total was $2.99M, or $3M rounded, for 2025 for salary). So the Saints would get a credit of 2/3rds (Week 7 - Week 18) of his annual salary in the year of 2026, which would be about $2M. But the 2025 cap liability because of Kamara is still $10M in 2025.
So let us turn to the second year, which is 2026. If the Saints hold Kamara on their roster and he plays 2026 with the Saints, they will have an $18.6M cap liability because of him for 2026. That comes from the $11.5M in salary, the $3.1M prorated portion of the signing bonus for 2026, and the $4M for the restructured obligation in ‘26.
The Saints cap hit is different in 2026 if they trade him. They would not be obligated to pay the $11.5M salary, as it is now up to the other club to deal with, including that $3M guarantee unless otherwise explicitly stated. So the Saints shed the $11.5M, but they would then have to account for
all of their future obligations to Kamara for the 2026 cap year due to NFL rules. That means the signing bonus and restructuring payments that were scheduled to happen in '27 and '28 are accelerated into '26 and counted against that '26 cap year. Therefore, we have to look at the pro-rated signing bonus amounts of $3.1M owed for each year from ‘26-‘28 ($3.1M x 3 years = $9.3M) and also the ‘26 and ‘27 restructured dollar amounts owed ($4M + $1.9M = $5.9M). This gives you $9.3M+$5.9M, or, $15.2M in "dead cap" and total salary cap liability. $15.2M is the post-June 1st "dead cap" hit for 2026.
So then we take the $18.6M we would have had to count against the cap if the Saints retained Kamara and we compare it with the $15.2M in cap liabilities the Saints would be responsible for if they traded him. But first we have to apply the $2M credit from the pro-rated 2025 salary and apply it to the 2026 cap liability number and the Saints are down to $13.2M in cap liabilities for Kamara for 2026. Comparing that $13.2M with the $18.6M in cap liabilities incurred by the Saints if they held Kamara, you can see that they have $5.4M more in cap liabilities if they hold Kamara through 2026 rather than trading him now. So where are we?
When all is said and done, if the Saints trade Alvin Kamara before the deadline this season (2025):
They would save nothing against the cap in 2025.
They would decrease their cap liability from $18.6M to $13.2M in 2026, so they would "save" $5.4M in 2026.
They would no longer be on the hook against the cap for anything regarding Alvin Kamara in 2027 and 2028, so that would save them $8.1M in 2027.
Therefore, if the Saints trade Alvin Kamara, they will save a total of $13.5M against the cap, a savings that would begin in 2026.
Then you have to figure out the Saints cap hit if they release him after this year. It's trickier and expensive also, but I have stuff to do so I'll be back later.
If the Saints cut him next year and designate it as a pre-June 1st cut, then the cap hit is $18.2M in 2026 and zero after that. If it's a post-June 1st cut (you can do this with two players before June 1st) his cap hit is $10.1M for '26 and $8.1M against the cap for '27.
Cutting Kamara in 2026 vs. trading him this year (2025).
If they cut him in '26 (they will likely designate him post-June 1st) they'd save $3.1M in '26 because trading him means owing $13.2M against the cap in '26 (remember the credit) vs.$10.1M for cutting post-June 1st in '26. They'd owe $8.1M more in '27. This is versus trading him this year in 2025.
Cutting him in '26 vs. retaining him only saves them $350K in '26 and costs them $8.1M in '27. He is a UFA after '26. I doubt they re-sign him.