NFL: Saints begin annual cap-clearing with QB Derek Carr restructure

Date:

Share post:


New Orleans Saints quarterback Derek Carr agreed to restructure his contract to convert more than $28 million of his scheduled $30 million salary to a bonus, creating sorely needed salary cap relief.

The details of the accounting were confirmed by Spotrac, which projected the Saints to be over the $246 million adjusted salary cap by more than $74 million before the conversion.

The annual salary-gap gymnastics are a matter of course in New Orleans, where it has become typical to reach the required maximum expenditure threshold with extensions and conversions before the NFL league year begins every March.

Carr, 32, signed a four-year, $150 million contract in March 2023 after he was released by the Las Vegas Raiders. His scheduled cap hit for 2024 before the restructure becomes official was $36 million and included a portion of his deferred signing bonus.

–Field Level Media

spot_img

Related articles

NFL: Report: Browns QB Kenny Pickett injured during practice

Cleveland Browns quarterback Kenny Pickett reportedly went down with a hamstring injury during Saturday's training camp session, casting...

NFL: 49ers DE Tarron Jackson hospitalized after camp collision

San Francisco 49ers defensive end Tarron Jackson was taken to a local hospital for evaluation after a collision...

NFL: Report: Chargers LT Rashawn Slater lands record extension

Los Angeles Chargers left tackle Rashawn Slater has agreed to a record-setting four-year, $114 million extension, ESPN reported...

NFL: Giants’ Daboll: Jaxson Dart’s camp ‘much like all the rookies’

The New York Giants have one of the deeper and more intriguing quarterback rooms in the NFL, but...

FREE

Get the most important breaking news and analyses for Free.

Thank you for subscribing

Something went wrong.