Derek Carr Contract Details: Know about the ‘new’ Saints QB’s salary breakdown
Check out the details of Derek Carr's new contract with the New Orleans Saints after the much-talked-about move took place.
Derek Carr during an interview (Image via Twitter)
The New Orleans Saints have got the 2023/24 NFL offseason started and running with their signing of former Las Vegas Raiders quarterback Derek Carr. The 31-year-old joined the Saints on a four-year contract, in what is expected to be the start of a series of quarterback contracts set to be signed this season across the NFL.
Derek Carr left the Raiders ending a nine-year association with the franchise on a sour note, as he was benched from the final two games of the season. The Raiders had agreed to a three-year $121.5 million contract extension in the 2022/23 offseason, but things did not go according to plan for both parties.
Carr became a free agent, only days after the Super Bowl LVII game, and will take up the role of the starting quarterback for the Saints from 2023 season. The Saints are desperate to make it into their first playoffs since 2020, and who better than Carr to lead them, given the fact that he’s incredibly hungry to taste postseason success.
Derek Carr’s Current Contract Breakdown
CONTRACT: 4 yr(s) / $150,000,000
AVG. SALARY: $37,500,000
GTD AT SIGN: $60,000,000
SIGNING BONUS: 28,500,000
FREE AGENT: 2027 / UFA
| CONTRACT | AVG. SALARY | GTD AT SIGN | SIGNED USING | FREE AGENT |
| 4 yr(s) / $150,000,000 | $37,500,000 | $60,000,000 | Free Agent signing | 2027 / UFA |
Derek Carr’s Contract Breakdown
- Current Salary: $37,500,000
- Salary Per Month: $3,125,000
- Salary Per Week: $719,217
- Salary Per Game: $2,205,882
- Salary Per Quarter: $551,470
- Salary Per Minute: $36,764
Derek Carr has signed a four-year contract with the Saints worth a total of a whopping $150 million. The contract also specifies that he will be receiving a total of $100 million in guaranteed pay, a figure which is definitely in accordance with the current quarterback market in the NFL.
After the arrival of Carr, the Saints now have a salary cap problem to deal with, as they currently stand about $18.2 million over the permitted salary cap of $224.8 million. However, the franchise still has time to finalize the incomings and outgoings this season, but one can easily predict that there’ll be numerous exits from the roster in the coming days.
Carr had numerous suitors lined up to get his signature ahead of his contract with the Saints. During the early stages of his free season, he met up with the Carolina Panthers and the New York Jets officials, but failed to agree on an ironclad contract.
Previous Contract and Salaries
2017-2022 (Las Vegas Raiders)
| CONTRACT | AVG. SALARY | GTD AT SIGN | SIGNED USING | FREE AGENT |
| 5 yr(s) / $125,000,000 | $25,000,000 | $40,000,000 | Maximum Extension | 2023 / UFA |
2014-2017 (Las Vegas Raiders)
| CONTRACT | AVG. SALARY | GTD AT SIGN | SIGNED USING | FREE AGENT |
| 4 yr(s) / $5,371,801 | $1,342,950 | $3,310,937 | Maximum Extension | 2018/UFA |
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