Saints Restructure Derek Carr's Contract

Saints Restructure Derek Carr's Contract

9 months ago

The New Orleans Saints restructured quarterback Derek Carr's contract on Friday for salary cap purposes, a move that was expected to give the team around $23 million in cap relief for the 2024 season, according to sources. Carr is due $30 million in base salary this year, so converting a portion of that into a signing bonus provides immediate savings. The 32-year-old veteran signal-caller is under contract with the Saints through 2026. In his first year in the Big Easy, he threw for 3,878 yards, 25 touchdowns and eight interceptions while amazingly not missing a single game despite suffering multiple concussions, cracked ribs and a shoulder sprain. Carr is as tough as they come and can give fantasy managers low-end QB1 lines on occasion, but he's best drafted as a fantasy backup.

Source: ESPN.com - Jeremy Fowler