Overview
- Loomis said Monday the team wants a deal done with Olave but is not there yet, according to ESPN’s Katherine Terrell.
- He gave no timeline and noted Olave has been around the facility with talks described as positive.
- Olave will play 2026 on his fifth-year option at $15.49 million, which would put him on track for 2027 free agency without an extension.
- After a 2025 breakout with 100 catches, 1,163 yards and nine touchdowns, he remains central to New Orleans’ offense.
- The receiver market now tops out at $42.15 million per year and the Saints project about $49 million in 2027 cap space, making a sizable raise feasible.