NEW ORLEANS -- The Saints are restructuring Derek Carr's contract to open up $30.9 million in 2025 cap space, according to a source on Saturday.
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 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 $69.2 million in the final season of his contract.