The New Orleans Saints restructured QB Derek Carr's contract, converting $30M base salary to a signing bonus for $23M cap relief.

The New Orleans Saints restructured QB Derek Carr's contract, converting his $30 million base salary into a signing bonus, providing the team with $23 million in cap relief. This move is part of the annual process for the Saints to reach the required maximum expenditure threshold before the NFL league year begins every March. This restructure locks Carr into New Orleans for another season and helps to alleviate the team's salary cap situation.

February 23, 2024
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