Will Smith would count nearly $14 mil against the cap next year but saves about $10.5 mil if the option isn't picked up. Pretty safe to say he won't be back on that deal. Now he could be signed to a new deal after the option isn't picked up.
Harper was in the same boat. He likely would have stayed this year but next year he would have been gone without the restructure.
Looking at it we will be around $8-10 mil over given a $123-125 cap after taking Harper's restructure and not picking up Smith into account.
I assume we will push around some of Brees' and maybe Colston, Moore, and/or Evans' money
Looking at overthecap's numbers Smith would save $11.5 mil putting us at $130.5 mil committed towards the 2014 cap($142 mil with him), so if that's right we'd only be $5.5-7.5 mil over.
That's actually better than where we started this year. Of course we still need to sign Graham, DLP, and our 1st and 2nd round picks would tack on a bit.
If Loomis can do a little more magic and we can sign a couple of good-great free agents I'd be very impressed.
This post was edited on 5/25 at 5:07 pm