Mike Garafolo: Saints are set to make a decision on Derek Carr within the next few weeks; likely to have multiple suitors if released

I can see you cut and paste some stuff you found on the internet, but you're missing the 3rd option which is to cut him with a June 1 designation. You carry his $51m cap hit until June and get $30m back to sign players (rookies, free agents, etc.) at that time. The remaining prorated roster bonus gets taken as dead cap in 2026. This has been gone over 100 times.
Yep.

I don’t think anyone would argue that the Saints aren’t between a rock and a hard place. The contract is not team friendly at all.

Add to this his valuation is low, pay vs performance. Not an enviable position to be in for a 1st time HC.