Saints Expected To Restructure Derek Carr's Contract
Saints Expected To Restructure Derek Carr's Contract
one year ago
New Orleans Saints quarterback Derek Carr is set to count $35.7 million against the salary cap in 2024, and his contract presents an opportunity for the team to create some more cap space by March 13, the start of the new league year. The Saints are expected to restructure Carr's contract by that date, which would effectively tie the team to Carr for at least the next two seasons. Leaving Carr's contract alone would have allowed them to move on from Carr next year with a relatively small financial penalty. The 32-year-old is set to make $30 million in base salary in 2024. If the Saints choose the most aggressive route and convert all but the veteran minimum to a signing bonus, they could lower Carr's cap hit in 2024 to around $14.2 million, which would clear more than $21 million in immediate cap relief. Carr got better down the stretch in 2023 and finished his first year in New Orleans with 3,878 passing yards, 25 TDs and eight picks while playing through a sprained AC joint in his shoulder, fractured ribs and two concussions.