Alvin Kamara Cap Numbers
This is Over The Cap and Spotrac numbers for Kamara if he were to be traded this year. You can skip the text and scroll to the bottom but the explanation is in the body of this. That’s where I show my work. I hope this is accurate. All numbers are rounded and approximate. Enjoy!
If you want to know how much cap savings the Saints will realize if they trade Kamara, you have to know this works. I crash coursed it. First of all, we should say what expenditures are included and counted when figuring out the cap. We count yearly salaries of the year we are in, all guaranteed salaries in the future, any agreed-upon restructured contractual provisions, and pro-rated bonuses. We count things paid to the players as consideration for playing football.
As far as the NFL goes, there are two types of trades for salary cap accounting purposes: pre-June 1st trades and post-June 1st trades.
It is a weird date, but the difference between the before and after is in the accounting and when the future contractual obligations a franchise has counts against your allotted cap space. Pre-June 1st trades of a player require you to report all of your future guaranteed obligations to him—all of his guaranteed salary, his pro-rated bonuses, and any future dollars owed from contract restructuring—and you must realize them, or we can say they go into effect, in the current NFL year, which runs from mid-March to the next year in mid-March, which is the beginning of the new NFL year.
This pre-June 1st designation means that if you trade a player in May 2025 then all future obligations from the contract count against your cap total—a total you must be in compliance with by mid-March of 2026. You would have to either be under the cap by that amount, or you would have to offset these expenditures to get under the maximum amount of expenditures.
If it is a post-June 1st trade you can spread the obligations out over the current year and the next year. You would calculate this year’s cap liabilities in the player's contract and account for those for this year, with an eye on compliance by March 2026. Once you do this, then you calculate the entirety of the other future guarantees, bonuses, and restructuring dollars and you must realize and account for all of these, with a requirement of compliance for those particular ones by mid-March of 2027.
So how does Kamara’s contract work with the cap? What is he getting paid and when?
Well, in 2025. the Saints pay Kamara $2.99M as a base salary (for ease we will round that up to $3M) and that salary is fully guaranteed per his contract. He has a pro-rated signing bonus of $3.1M every year until 2028. He also restructured his contract in both 2022 and 2023, and he is owed $3.9M in 2025, $4M in 2026 and $1.9 M in 2027 due to this.
So If they trade him with a Post-June 1st designation, they have commitments whereby even if he’s not on their roster, they must account for those expenditures to the league. All current and future guarantees count in determining how much you have spent against the cap. So in this case, we have that aforementioned $3M in guaranteed base salary in 2025 and we are also on the hook for around $7M in singing bonuses and restructuring—two things they now call “dead cap,” since the player is no longer on the roster. Add the guaranteed salary and dead cap together and the Saints have a cap liability of $10M in 2025.
In addition to those obligations, the Saints have to account for all future obligations by the next year. So there is $3.1M for each year of his pro-rated signing bonuses promised him from ‘26-‘28 for $9.3M total (3.1 x 3 years, and a restructuring of $4M in 2026 and $1.9M in 2027. We add these together and we have $15.2M in “dead cap” for a total cap liability of $15.2M for 2026 that we must offset or have cap room for by mid-March 2027.
So what would the savings be if the Saints traded him 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.
But the Saints will get a pro-rated credit against their cap liabilities for 2026 for the amount that the acquiring team pays his salary. That would be $2M, give or take some. Remember that for the end.
So let us turn to the second year. If the Saints hold Kamara on their roster, they will have an $18.6M cap liability in 2026. That comes from $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 was not guaranteed and is now up to the other club to deal with. But the Saints would have to account for all future obligations in 2026. Therefore, we have to look at the $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 cap hit for 2026.
So then we take the $18.6M we would have had to count against the cap if tje Saints retained Kamara and we compare it with the $15.2M the Saints would be responsible for if they traded him and you cansee that the Saints would have been repsonsbie for $3.4M more if they retain Kamara rather than trading him. They would have decreased their number, or “saved” $3.4 against the cap. And then they get the pro-rata portion of the salary they didn’t have to pay in 2025. So what are we left with in the way of savings?
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 by $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.
Sources:
https://www.spotrac.com/nfl/player/_/id/21809/alvin-kamara (this is the link to Sportrac)
https://overthecap.com/player/alvin-kamara/5653 (this is Over the Cap)
You’ll note both these sites have drop down menus or scissors where you can select what happens when you designate the action a post-June 1st trade. That’s pretty key to do.