After many reported discussions concerning how the Saints and quarterback Derek Carr would handle his compensation in 2025, Mike Garafolo of NFL Network reports that the team is expected to convert most of the $40MM due to him into a signing bonus for salary cap purposes. Per Garafolo, this transaction indicates that New Orleans has every intention of riding with Carr as their starter next season.
Carr was due a $30MM base salary which was set to become fully guaranteed next week. The longtime Raiders starter was also set to collect a $10MM roster bonus; both compensation packages have been converted into a signing bonus. Carr was scheduled to carry a 2025 cap charge of nearly $51.5MM, but today’s move will lower it to $20.4MM.
Breaking news, more to come…