Saints Trade WR Kenny Stills To Dolphins For LB Dannell Ellerbe & 3rd Rd Pick

Update:

The Saints have officially announced their trade that will send WR Kenny Stills to the Dolphins for LB Dannell Ellerbe and a third-round pick.

The #Saints have traded WR Kenny Stills to Dolphins for a 2015 3rd round pick and LB Dannell Ellerbe

— New Orleans Saints (@Saints) March 13, 2015

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Pro Football Talk reports that the Saints are sending WR Kenny Stills to the Dolphins for LB Dannell Ellerbe and a third-round pick.

• A source tells Adam Beasley that Saints QB Drew Brees was not happy with either G Ben Grubbs or WR Kenny Stills, which could explain why both players were traded.
• Ian Rapoport reports that LB Dannell Ellerbe has agreed to restructure his contract to facilitate his trade to the Saints.

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Rand Getlin reports that the Saints are in the process of trading WR Kenny Stills to the Miami Dolphins.

• Dianna Marie Russini has confirmed the report that Still is expected to be traded to the Dolphins.
• Yesterday, Russini reported that the Saints were trying to find a trade for Still, but they were trying to keep the trade talks quiet.

Reports from Thursday said that everyone on the Saints outside of QB Drew Brees and WR Brandin Cooks were available for trade.

The Saints have been by far the most active team in the trade market since free agency got underway on Tuesday. New Orleans has already dealt TE Jimmy Graham to the Seahawks and G Ben Grubbs to the Chiefs, but they’re reportedly willing to consider moving a number of players.

Still, 22, has another two years remaining on his four-year, $2.354 million rookie contract that includes very reasonable base salaries of $585,000 and $675,000 over the next two years, so it’s not as though they will pick up a lot of cap room by moving him.

In fact, trading Still will only free up $536,387 in available cap space while creating $97,226 in dead money, according to OverTheCap.com.

In 2014, Still caught 63 passes for 931 yards receiving and three touchdowns over the course of 15 games. Pro Football Focus has him rated as the No. 23 receiver out of 110 qualifying players.

Ellerbe, still has another three years remaining on his five-year, $34.75 million contract that includes $14 million guaranteed. He stands to make base salaries of $8.425 million (2015), $6.45 million (2016), and $6 million (2017) coming his way.

According to OverTheCap.com, trading Ellerbe will free up $5,650,000 in available cap space while creating $4,200,000 in dead money.

Last year, Ellerbe was limited to appearing in just one game due to a hip injury he sustained in early September.