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Saints restructuring Derek Carr's contract to save $23 million against the salary cap, per report

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By Jared Dubin - CBS Sports

The New Orleans Saints' annual effort to get salary cap compliant ahead of the new league year has begun. According to ESPN, the Saints will restructure the contract of quarterback Derek Carr, converting a significant portion of his base salary into a signing bonus in order to spread out the cap hit and save the team approximately $23 million on the books.

The four-year, $150 million contract that contained $100 million in guarantees Carr signed last offseason was seemingly designed to be restructured, with the Saints giving him much larger base salaries in 2024 through 2026 than the one he took in 2023 ($1.5 million), as well as tacking three void years onto the end of the contract.

In his first season with New Orleans, Carr largely performed at the level we have become accustomed to seeing from him. He was around league average in most passing categories, and was largely risk-averse and reluctant to push the ball downfield. New Orleans' offense accordingly checked in near the middle of the pack in most categories: 14th in yards, ninth in points, 17th in FTN's DVOA, 12th in TruMedia's version of EPA/play.

Read the Full Story- CBS Sports


ARTICLES FROM SAINTS NEWS NETWORK | SI:
> Ross Jackson: Saints New Draft Philosophies Could Lend Eye To Expanded Prototype At Wide Receiver
> Bob Rose: Report: New Orleans Saints To Restructure Contract Of Cesar Ruiz
> John Hendrix: NFL Salary Cap Set for 2024, Saints Have Less to Trim Now
> John Hendrix: Saints Free Up More Salary Cap Overage By Restructuring Derek Carr's Contract
> Bob Rose: Zack Baun's Value A Big Question For New Orleans Saints Entering Free Agency

OTHER SOURCES:

> Bleacher Report: Derek Carr's Saints Contract Restructured to Save $23M in 2024 Cap Space
> Bleacher Report: Jameis Winston Addresses Saints Future: 'Doesn't Look Like a Very Clear Picture'
> AtoZ Sports: New Orleans Saints QB Jameis Winston makes desires for his NFL future crystal clear ahead of free agency
> AtoZ Sports: Potential Saints first-round pick Johnny Newton won't work out at NFL combine before 2024 NFL Draft


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  • News source: Dylan Sanders
  • Replies: 0
  • Views: 41
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  • News source: mollybauer23
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  • News source: New Orleans Saints - WWL TV
  • Replies: 0
  • Views: 20
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  • News source: John Sigler
  • Replies: 0
  • Views: 30
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  • Views: 28
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  • News source: Lucas Loffredo
  • Replies: 0
  • Views: 14
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  • News source: www.espn.com - New Orleans Saints
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  • Views: 16
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