The New Orleans Saints are restructuring Derek Carr's contract, converting his $30 million salary and $10 million roster bonus to a signing bonus, which will create $30.9 million in cap space for 2025. This move ties Carr to the Saints for at least the 2025 season but raises potential salary cap concerns for 2026, when his cap figure balloons to $69.2 million. The decision aligns with general manager Mickey Loomis's need to manage the roster under constrained financial conditions, while the team's commitment to Carr has remained uncertain through coaching changes.
Restructuring Carr's contract ties the quarterback to the Saints for at least the 2025 season and increases Carr's 2026 cap figure to $69.2 million in the final season of his contract. That means the Saints will likely be facing questions about his contract again next year.
Sticking with Carr didn't appear to be a certainty when the Saints initially hired Moore, who sounded noncommittal on Carr's future in his opening press conference before affirming his commitment a few weeks later at the NFL combine.
Loomis told reporters at the combine that the Saints planned to stick with Carr for a third season but needed to address his $51.4 million cap hit due to the team's strained salary cap situation.
Yeah, it's tight, Loomis spoke of the salary cap in February. There's no secret to that, and his is a big number, so we're going to hopefully be able to maneuver.
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