And that’s the big difference in these two approaches. The Saints could restructure Carr and make many of the same moves not out of survival, but with a goal of competing this season. If they cut Carr, they’re making those same roster decisions, plus more austere cuts and restructures, just to field a team in September.
If you’re curious, this plan (with no other moves) would leave the Saints with an estimated $54.6 million in salary cap space for 2026. It would raise Carr’s salary cap hit to $69.2 million next year, but the Saints could release him at that point and get back up to $50 million if they use the post-June 1 designation, or $9.5 million if it’s a standard release. The downside is releasing him with that designation next year, 2026, leaves behind $40.4 million as dead money in 2027. At the same time the salary cap could be well over $300 million by that point and you can justify taking that hit.
The bottom line: Restructuring Carr in 2025 does not mean he’ll return in 2026 so long as the salary cap keeps trending up.