Rational Cap Analysis for the NFC South

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Overview: Mickey Loomis already brushed through the first loop of salary cap hell by trimming veteran defenders. The next step for New Orleans is actually finishing up a Graham extension, thus lowering his cap figure for this year to an amount that would enable them to deal with their restricted free agents and maybe put some small effort into players like Zach Strief and Brian De La Puente.
If the Saints can't deal with Graham, then things become a lot more complicated. They'd almost have to restructure Brees to create space for their rookie class, and it would be much harder to make a real effort at retaining Bush.
But, in the more likely event that negotiations with Graham go smoothly, New Orleans should be able to add a few small free agents and conduct business normally for 2014. The one other thing they'd probably like to do is sign Cameron Jordan to an extension before he hits free agency after 2014 -- that could be a little more complicated, but it wouldn't be completely impossible if the Saints got Graham's cap number to be rather tidy for 2014.