After weeks of speculation on the future of Derek Carr and the New Orleans Saints, the rumors of the veteran signal caller leaving have officially been put to bed.
Carr will be converting most of his nearly $40 million salary into a signing bonus for salary cap purposes.
After discussing multiple options for handling his 2025 compensation, the #Saints and QB Derek Carr are expected to convert most of the money into a signing bonus for salary-cap purposes, sources tell me and @RapSheet.
Carr is in line to get all $40 million owed this year. pic.twitter.com/NSSWg5kyJM
— Mike Garafolo (@MikeGarafolo) March 8, 2025
The news comes after weeks of speculation regarding Carr’s future with New Orleans, thanks in large part to the nearly $30 million increase to the league’s salary cap.
Carr will look to have a better season after missing half of the season in 2024 with multiple injuries, including a broken hand.
The 11-year veteran will also hope to get off on the right foot with his new head coach Kellen Moore, who will be looking to make an impact offensively early in his head coaching tenure.
The move saves the Saints nearly $30 against the cap, according to Nick Underhill.
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