Derek Carr signed a 4 Years, $150,000,000 contract with the New Orleans Saints on March 6, 2023. The contract runs through the 2026 season and has an average annual value of $37,500,000. It also came with a $28,500,000 signing bonus and $60,000,000 guaranteed. Carr was represented by Timothy Younger (Younger & Associates) in negotiations.
Year | Base Salary | Cap Hit | Cap % |
---|---|---|---|
2023 | $1,500,000 | $7,200,000 |
3.2%
|
2024 | $1,210,000 | $12,668,000 |
4.96%
|
2025 | $30,000,000 | $51,458,000 |
19.42%
|
2026 | $50,000,000 | $61,458,000 |
21.64%
|
2027 | - | $17,216,000 |
5.48%
|
2028 | - | $5,758,000 |
1.72%
|