We’re waiting on all of the details and salary cap hits, but NFL Network’s Ian Rapoport shared some much-needed specifics on the New Orleans Saints’ contract with free agent quarterback Derek Carr. Carr agreed to sign with the Saints in exchange for a four-year deal valued at $150 million, which averages a payout of $37.5 million per year.
More importantly than that, though, are the contract guarantees and structure. Carr will receive $100 million in total guarantees between guaranteed salary, signing bonus, and future roster bonuses (which can be restructured to open up more salary cap resources). Rapoport adds that $70 million is fully guaranteed once Carr puts pen to paper with another $10 million guaranteed in 2025, the third year of this deal.
