Move over Santa Claus, it's all about Santa Carr -- 'cause New Orleans Saints quarterback Derek Carr showed his receivers some major love for the holidays ... by gifting them Rolex watches and diamond chains!!
TMZ Sports has learned ... the four-time Pro Bowler wanted to do something super special for his wideouts this season as a sign of appreciation, so he hit up Al the Jeweler of Labelle Jewelry in Totowa, NJ to make some custom pieces.
NEW BLING
We're told Chris Olave and Rashid Shaheed received the iced-out time pieces .