New Orleans reworks Carr contract, gets 23 million dollars to cap

The New Orleans Saints are restructuring QB Derek Carr‘s deal in a move that is expected to give the franchise around 23 million dollars in salary cap.

𝗥𝗘𝗣𝗢𝗥𝗧: The #Saints have cleared over $23M in cap space by restructuring the contract of Derek Carr, per @JFowlerESPN pic.twitter.com/NJQU2dbr4I

— JPAFootball (@jasrifootball) February 23, 2024

More on this topic:

Saints dismiss coach Allen after seventh straight defeat

Derek was due 30 million dollars in base salary for the upcoming campaign, so converting a large portion of that into an inking bonus is great for New Orleans, as the organization must free up to 80 million dollars via restructuring.

This is 1 of the few deals the franchise is set to make, along with reworking the contracts of center Erik McCoy, guard Cesar Ruiz, and DE Cam Jordan.

Derek, who is 32 years old, appeared in his 1^st campaign with the Saints in the past season, throwing for 3,878 yards with 25 TDs and 8 picks. But the team, 9-8, was defeated in t the NFC South tiebreaker by Tampa Bay Bucs, extending their postseason drought to 3 campaigns.

Carr remains under deal through the 2026 campaign on a 4-year contract he inked with New Orleans last year that could be worth as much as 150 million dollars.