New Orleans Saints sign DB Beanie Bishop Jr

The New Orleans Saints' one-year, $1.695M signing of Beanie Bishop Jr. earns a C+ Contract Value Index (CVI), reflecting a low-risk depth move at a price point appropriate for a reserve defensive back on a prove-it deal. Bishop enters a Saints secondary operating in a rebuild phase—the team sits at 6-11 and outside playoff positioning—where establishing a stable rotation matters more than star power, making this a strictly developmental investment rather than a championship-window gambit. At $1.695M AAV, this is functionally replacement-level spending on a one-year commitment, which aligns with how NFL teams typically manage depth at the DB position during rebuilds: minimal guaranteed exposure, maximum flexibility heading into next offseason. The value equation hinges entirely on whether Bishop can earn snaps in a secondary that needs contributors; if he doesn't crack the rotation, the contract carries no dead-cap consequences and frees up roster space by 2027. This is the kind of transaction that doesn't move the needle on the Saints' cap profile or long-term direction—it's a low-stakes audition slot, which is exactly what a CVI grade of C+ suggests: serviceable value, no regrets either way, but nothing that strengthens the organization's competitive timeline.