$182.5 million is $15.7 less than the 2020 salary cap.
Prior to the COVID-19 pandemic, NFL general managers were operating with the surmise of the cap number growing higher each season.
However, due to the pandemic, the NFL s overall revenue did not experience the exponential growth it would have otherwise.
As a result, many teams have been shredding salary off their cap, either by releasing players or restructuring contracts.
Entering this offseason, New Orleans was roughly $78 million over the cap, leading many NFL pundits to declare the Saints are in salary cap hell , with dire predictions of a complete roster overhaul, and more modest predictions of the team being unable to keep its young core together.
2022 Super Bowl Odds Released, Saints Odds Better Than I Expected
On Sunday, February 7th, the Kansas City Chiefs will attempt to repeat as Super Bowl Champions.
Currently a 3 point favorite against the Tampa Bay Buccaneers, the Chiefs Super Bowl odds are no surprise.
After all, they entered the 2020 season as the favorite to win the Championship with +650 odds.
What about Super Bowl LVI in 2022?
Kansas City is the favorite again, currently sitting at +600.
Last preseason, the New Orleans Saints were +1200 to win Super Bowl LV, the 4th best odds in the league.
They now enter an offseason nearly $100 million over the projected salary cap and the expected retirement of quarterback Drew Brees.