Skip to main content
#pounditFriday, July 19, 2024

Saints get major salary cap relief with Derek Carr contract move

Derek Carr at a press conference

Mar 11, 2023; Metairie, LA, USA; New Orleans Saints quarterback Derek Carr (4) speaks at Ochsner Sports Performance Center. Mandatory Credit: Stephen Lew-USA TODAY Sports

The New Orleans Saints continue to maneuver around their salary cap death spiral by moving money around, with quarterback Derek Carr the latest to help them out with a contract restructure.

The Saints and Carr agreed to convert a portion of the quarterback’s $30 million base salary to a signing bonus, according to Jeremy Fowler of ESPN. The move is expected to open roughly $23 million in cap space for the team.

The Saints’ efforts to aggressively chase championships over the past decade-plus continues to force them to make moves like this. The organization continues to kick the can down the road so they can continue to build a somewhat competitive roster and avoid the bottom falling out completely. This move was widely expected and likely means they are committed to Carr for at least one more season and possibly two.

The organization has more work to do to get under the cap for the 2024 season. Even after factoring in the Carr restructure, they are still roughly $53 million over the cap, and that is without accounting for draft picks and any re-signings that need to be made.

Load more
Exit mobile version