The New Orleans Saints further cemented their QB1 for the upcoming season, processing what is expected to be a full, simple salary conversion on Derek Carr's 2025 compensation.

Carr carried a $30M base salary plus a $10M roster bonus for the upcoming season. The conversion turns $28.745M of that salary, plus the roster bonus into a signing bonus that prorates over the next 5 seasons for cap purposes. The move frees up $30.9M of cap space for the upcoming season, bringing the Saints closer to cap compliancy for 2025.

Updated Cap Hits (dead cap)
2025: $20.462M
2026: $69.207M ($59.67M)
2027: Void ($40.463M)

Assuming the two sides part ways next offseason, the Saints will look to designate Carr a Post 6/1 release before the 5th league day of 2026 (when a $10M bonus is due). New Orleans will take on $19.2M of dead cap in 2026, and another $40.4M in 2027.