The Saints have reportedly cooled on Malcolm Butler trade interest

The New Orleans Saints have done all they could reasonably do to research the possibility of trading for New England Patriots cornerback Malcolm Butler, but that doesn't mean a deal is guaranteed to happen. New Orleans now has the 11th, 32nd and 42nd overall selections, and the New England Patriots would likely want at least one of those in any deal involving Butler.

The Patriots and Butler's representatives had discussed a contract extension last offseason, and some involved in the negotiation believed a deal was close to being struck. And if Butler continues to be a top option at the position-he was ranked the 25th-best player in the NFL previous year by Sam Monson of Pro Football Focus-he'll be in line to earn a major payday next offseason. And had he still not signed by until June 15, New England could have pulled the $3.91 million offer and substituted with an offer of 110 percent of his 2016 salary-which would have come to just $660,000.

According to King's source, the Saints believe there are plenty of players who will be available in the first three rounds (they also have the 76th overall pick) and are capable of making an immediate impact. Butler, Saints had a deal in place worth more than $50M. However, the New Orleans Saints aren't likely to be Butler's new National Football League home. If he were to stay away from training camp, he would be docked $40,000 per day. He's due to become an unrestricted free agent next year, and at that time he would be free to command as much as the free-agent market warrants.

Butler will now likely team up with Stephon Gilmore as the two corners in the Patriots secondary.

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