Dangerous animal caught, nothing retarding cycles (4,5)

I haven't cracked this one yet — but the brilliant team at Times for the Times have:

C (caught) + O (nothing) + BRAKING (retarding) with the letters cycled I simply cannot wait for the commentary on this one. It’s almost as if someone wanted to find the most extreme use of this wordplay device just to rag some of the commenters here. 😉 Nevertheless, well found, setter!