According to Adam Schefter, the Saints are releasing WR Emmanuel Sanders.
Sanders was a valuable player for New Orleans as their No. 2 receiver in 2020. But the Saints need to make some tough decisions to get under the salary cap by next week.
According to Over The Cap, releasing Sanders creates $4 million in cap space but also a $6 million dead money hit.
Sanders, 33, is a former third-round pick of the Steelers back in 2010. He played out his rookie contract before signing a four-year, $38.6 million contract that included $20 million guaranteed with the Broncos back in 2014.
Sanders was entering the final year of his deal when the Broncos traded him midseason to the 49ers for a third and fourth-round pick. He made a base salary of $10.5 million for the 2019 season.
The Saints signed Sanders to a two-year, contract worth $16 million in 2020.
In 2020, Sanders appeared in 14 games for the Saints and caught 61 passes for 726 yards receiving and five touchdowns.
Looking for the latest NFL Insider News & Rumors?
Be sure to follow NFL Trade Rumors on TWITTER and FACEBOOK for breaking NFL News and Rumors for all 32 teams!
