Saints signed Chris Hogan without using any of their salary cap space
Chris Hogan's signing with the New Orleans Saints on the eve of training camp sparked a small wave, largely because he had given up football to try his hand at pro lacrosse. But it was a smart move by the Saints to fill out their depth map - they basically brought it for free.
Nick Underhill of NewOrleans.Football reported that Saints Hogan signed on a one-year contract on the minimum of the veteran ($ 1.075 million for the nine-year-old professional) who qualifies for a salary cap. That means he'll only offset $ 850,000 against the cap, which is below the top 51 threshold used during the off-season. It essentially cost the Saints nothing to bring him in.
And the jumping catches he made in front of the fans during training on Friday speak for themselves. He's the most accomplished wholesome recipient on the list with a pair of Super Bowl rings on display at home and over 100 games behind him. It says more about the weakness of the group as a whole, that he has a chance to make the team, but the Saints probably wouldn't find a better one who wouldn't count for the cap either.
Which is puzzling when you consider that New Orleans has more than $ 11 million in cap space. Sean Payton has repeatedly said that he does not currently see the recipient as a top priority, even as Michael Thomas recovers from surgery and Deonte Harris prepares for a possible suspension. Instead, the Saints would like to use these resources to meet another need, such as cornerback.
Another recent free agent acquisition was defensive back Brian Poole, who, according to Underhill, has also signed for the veteran minimum ($ 987,500 for a player with his experience). That pushes Ian Book's rookie cap hit of $ 828,396 together with Hogans below the top 51 threshold. The details of Kendall Donnerson's contract are yet to be announced, but he has likely signed for the veteran minimum as well. And as we've seen, these late summer supplements look like bargains.
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Saints of New Orleans
August 15, 2:00 a.m.
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