Sure it freed up $24 mil but they don’t have a quarterback. But any new QB is going to cost more than that unless you draft a rookie. The Saints have the 28th pick. They’re not going to get their QB of at that the near future . They got lucky with Brees, but thats not going to happen again.
It didn’t free up anything for the hundredth god damn time. Brees was always going to carry a dead cap charge of $22.6M ($11.3 in 2021 and 2022 if they spread it out). Saints are still $70M over the cap with very little moves they can make.
Brees counted for $36.15 million ($25 million base + $5.75 million signing bonus + $5.4 million restructure bonus). If Brees retires the Saints can then hold him on the roster until June 1 and then place him on the retired list on June 2nd, allowing them to split his $22.65 million in dead money across two years- $11.15 million in 2021 and $11.5 million in 2022.