Ross Jackson explores a Carr trade to Giants [ESPN NFL Nation Giants reporter Jordan Raanan says Derek Carr could be a trade option for Giants]

According to Mascona (video below) if the Saints designate Carr as a june 1 cut his cap hit for '25 is 11 mil, and 28 mil in 2026. If he plays this year its 50 mil on the cap.

Under no circumstances do you restructure him again. You either cut him now or let him play. I vote the former.