Saints Keep Olave, Decline Penning's Option

The New Orleans Saints have exercised the fifth-year option on wide receiver Chris Olave, extending his contract through the 2026 season at a projected salary of about $15.5 million. Olave missed significant time in 2024 due to concussions but previously recorded consecutive 1,000-yard seasons, establishing himself as the team's top receiver. General manager Mickey Loomis emphasized the team's commitment to Olave amid offseason trade rumors. The Saints declined the fifth-year option for offensive tackle Trevor Penning, citing performance and injury struggles, though Loomis noted Penning could still return on a different contract. Both moves come as the Saints transition to new head coach Kellen Moore, who has expressed confidence in Olave's future impact. These roster decisions reflect the team's considerations of player performance, health, and salary cap management.