But don't you think they're looking to only keep the best they have and just deal with the dead money issue? If they do it this year then they're done with it right? That will set them up better next year?

Sure, but in the case of f.e. Chamberlain - they'd only save 600K by cutting him and dealing with the dead money. I don't know how well Chamberlain has recuperated from his injury last preseason, but he certainly looked like a much much better player before that injury than what you could ordinarily get for 600K. If Chamberlain is back to what he was going into last preseason - I would hands down want to keep him on the roster. Also, he probably has one of the better sets of hands out of all of the LBs and that is always an added benefit.

I'm not saying that they'll end up keeping all of the players that are currently under contract - just that it's not as simple as just cutting everyone you don't necessarily like and, furthermore, claiming that the biggest reason for doing it being the automatic savings in money that would incur from cutting a vet and replacing him with a rookie.

Herring will be out of contract next year and Chamberlain will enter his last year with a $1.5M cap hit - not exactly high rollers when it comes to potential cap savings for next season.

Sure, but in the case of f.e. Chamberlain - they'd only save 600K by cutting him and dealing with the dead money. I don't know how well Chamberlain has recuperated from his injury last preseason, but he certainly looked like a much much better player before that injury than what you could ordinarily get for 600K. If Chamberlain is back to what he was going into last preseason - I would hands down want to keep him on the roster. Also, he probably has one of the better sets of hands out of all of the LBs and that is always an added benefit.

I'm not saying that they'll end up keeping all of the players that are currently under contract - just that it's not as simple as just cutting everyone you don't necessarily like and, furthermore, claiming that the biggest reason for doing it being the automatic savings in money that would incur from cutting a vet and replacing him with a rookie.

Herring will be out of contract next year and Chamberlain will enter his last year with a $1.5M cap hit - not exactly high rollers when it comes to potential cap savings for next season.

Don't quite understand the whole dead money thing.

I also do not understand thing either, and I don't care about it.

When we are talking about "dead money" it's referring to the guaranteed portion of the salary still owed to the player in question - usually in the form of the prorated signing bonus - which the team will still be on the hook if they cut the said player before his contract is up.

The term "dead money" comes from the fact that it directly reduces the salary cap by the same amount while not providing anything of substance in return, or at least that is how I've understood it.

For example, in the case of Chamberlain, when he signed the 3-yr contract with the Saints prior to last season, it included a $1.2M signing bonus. While Chamberlain immediately received that full amount to his bank account as soon as the ink had dried on the contract; the team is afforded the luxury of prorating that signing bonus into equal portions to count against the cap for each of the years on the said players contract. Signing bonuses are always guaranteed because the nature of the transaction doesn't allow for the money to be taken back once it's paid to the player signing the contract. So, when Chamberlain signed a 3-yr contract with a $1.2M signing bonus, it meant that the prorated amount of it would be $400K for each of the three years. He has been paid (from an accounting perspective) $400K of that $1.2M during last season, which still leaves $800K of guaranteed money on his contract. So, if the Saints were to cut him now - they'd still be on the hook for that remaining $800K (= dead money). If they decide to keep him around for this coming season, but cut him before next season - they'd end up saving $1.1M in cap as opposed to just $650K this offseason.

That probably ended up being an overcomplicated and unnecessarily long-winded explanation, but what can you do?