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#pounditSunday, July 14, 2024

Report reveals Saints’ plan for Derek Carr

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

Derek Carr is coming off a disappointing first season with the New Orleans Saints, but the team is reportedly committed to the veteran quarterback heading into 2024.

Carr signed a 4-year, $150 million deal with the Saints last offseason. He is currently slated to make $30 million in base salary in each of the next two years. Carr’s salary cap hit for 2024 is $35.7 million, and that figure rises to $45.7 million in 2025.

According to Luke Johnson of NOLA.com, Carr and the Saints are expected to agree to a restructured contract before the start of the new league year on March 17. If the Saints convert all but the $1.2 million veteran minimum of Carr’s 2024 salary into a signing bonus, they could free up roughly $21 million in cap space.

The Saints are more than $80 million over the salary cap as it currently stands, which is more than any other team by a wide margin. Johnson notes that Carr’s current contract allows the Saints to cut the quarterback with a fairly reasonable dead cap hit next offseason, but the team desperately needs to free up salary cap space. A restructure would likely tie Carr to New Orleans through at least 2025.

Carr threw for 3,878 yards, 25 touchdowns and 8 interceptions this past season. The numbers are not horrible when you factor in that he played through numerous significant injuries. Still, the Saints finished 9-8 and missed the postseason. They are hoping for better results from Carr in 2024.

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