found this at bleacher report regarding Jimmy Graham..
"It will be interesting to see if the Saints can get far enough under the cap to re-sign or franchise him. They are roughly $10 million over the proposed cap heading into the offseason, though they have some options to shed salary."
if that's true, they'll be cutting a good bit. Don't see them letting him get away, at any cost. But as bad as it looks for us, at least we're under the cap.