Carr, who will get all his $40M owed in 2025, is reportedly converting most of his salary into a signing bonus

The Saints exercised their right to restructure Derek Carr's contract. Though the cap charge for 2025 makes it possible for a post-June 1 trade, Carr would have to waive his no-trade clause and the Saints would have to find a trade partner.

Despite some speculation otherwise, first-year head coach Kellen Moore said the decision to move forward with Carr as his QB1 was a pretty clear one. “We talked about our confidence in this situation and the ability for him to have success here.