The New Orleans Saints have made more than their fair share of news so far this offseason. Between the whole "Bounties" situation, their failure to re-sign Drew Brees to a long-term deal and the speculation about whether Carl Nicks and Marques Colston will return to NOLA, the Saints have been one of the top news items in the NFL.
According to Spotrac, the New Orleans Saints' cap figure after the moves they've made thus far in the offseason stands at $101,183,254. They have a cap rollover figure of $4,220,000. Their cap is actually then $96,968,254.
This guarantees they have at least $23 million under the current salary cap. That does not even account for the likely increase in the cap from $120 million to $125 million.