NEW ORLEANS - The New Orleans Saints are restructuring Derek Carr's contract to open up $30.9 million in 2025 cap space, according to a source.
The Saints plan to convert Carr's $30 million base salary and $10 million guaranteed roster bonus to a signing bonus, pushing money to future years and lowering his 2025 cap figure to $20.4 million. Carr's base salary was set to become fully guaranteed on Friday.
Restructuring Carr's contract ties the quarterback to the Saints for at least the 2025 season and increases Carr's 2026 cap figure to $69.