Saints Cap Moves: Derek Carr restructured, Erik McCoy restructured; J. Williams released; cap space is at -$8,543,537

This just makes no sense to me but what do I know.

Moving forward now I’ll be curious to see how he and Moore work together, and to see how the draft plays out especially with regards to the QB position and possible trade backs for future draft picks. A restructure and not an extension makes me think Carr is more than likely a 2026 post June 1 cut (though Im not clear on how you get cap compliant with that figure in the books till June - @Elvis / @Rouxble any thoughts?)

Regardless, this feels like an expensive bridge year (2025 drafted QB? Rattler?) and/or a planned move up in the 2026 draft for a QB next year.
Just pencil in Saints 2027 in your calendar.

It would of been nice to cut a deal with Carr to cut him and tank for QB. 2026 would of been exciting with a rookie QB.

We'll do the same thing we been doing. Win 7-9 games. Get a mid draft pick. Make excuses for injuries. Rinse. Repeat.