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The New Orleans Saints are restructuring quarterback Derek Carr's contract in a move that is expected to give the team around $23 million in salary cap relief, sources told ESPN's Jeremy Fowler on Friday.
Carr was due $30 million in base salary for the 2024 season, so converting a large portion of that into a signing bonus can help the Saints, who likely need to free up roughly $80 million via restructures.
This was one of several contract moves the Saints are set to make, along with reworking the deals of center Erik McCoy, guard Cesar Ruiz and defensive end Cam Jordan, sources said.