Saints Release McAllister

From Mike Triplett of the New Orleans Times-Picayune:

The Saints and tailback Deuce McAllister officially will part ways in a joint press conference this afternoon, ending one of the most successful and popular runs in franchise history.

The news comes as no real surprise, though it still will come as a blow to the Saints fan base.

McAllister, who turned 30 in December, had four years remaining on his contract. But his role was greatly diminished last season after he returned from his second major knee injury in three years. And he was set to earn $5.3 million in salary and bonuses in 2009.

The Saints will save more than $4 million in salary-cap space this year now that McAllister is off the roster. His "cap figure" will decrease from $7.3 million to roughly $3 million. The way the cap works, the Saints still need to account for $3 million of his signing bonus from the eight-year, $50.1 million contract extension he signed in 2005.

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