Saints Negotiate Olave's Contract Extension

It's March 21st for the NFL, let's get into it.

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The New Orleans Saints are working on a contract extension for wide receiver Chris Olave

to free up salary cap space.

They recently picked up his fifth year option for 2026, which gives them flexibility and

negotiations.

The goal is to lower his 2026 cap hit from about $15.5 million down to around $6.4 million

saving.

The team more than $9 million right when they need it.

One way to do this mirrors the deal the Indianapolis Colts gave Alec Pierce, a four-year packed

worth $114 million with A. $26 million signing bonus and the first two years fully guaranteed.

By dropping Olave's 2025 base salary to the veteran minimum of $1.21 million and shifting

the rest into the bonus, the Saints can pro-rate it over future years for big savings.

Fans and analysts see this as a win for roster building, especially with only $13.3 million

in current cap space.

The team needs nearly $7.6 million just to sign their rookie draft class without trades.

Locking in, Olave long-term keeps their top playmaker happy while avoiding prissier

tags down the road.

Details like injury guarantees and base salary protections remain the main hurdles, as

Olave might push for more security in years 2 and 3.

The Saints could tweak the structure further, skipping void years or boosting early pay,

but the core math stays appealing.

Olave's cam may aim higher, eyeing deals like his college teammate Garrett Wilson's $130

million extension.

Either way, pulling this off positions the Saints perfectly for the offseason push, blending

smart cat management with star power on the field.