re: Derek Carr signing 4 year deal with Saints.

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$150,000,000 for four years. That equates to $2.2 million per game. Each NFL game is roughly 11 minutes of playing time. Assume offense is half of that so 5 minutes of actual action playing time would be payment of $441,000 per minute. Lunacy.

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First of all, it’s clear now why the Raiders couldn’t trade him. He was due $75 million over the next two years in Vegas. He’ll get $60 million over the next two in New Orleans. He was due $116.3 million over the next three years in Vegas. He’ll get $100 million over the next three in New Orleans. And so the reason the Raiders couldn’t trade him wasn’t about who he is as a player—it was who he is a player against the contract another team would’ve had to inherit to acquire him.

Second, the deal does give Carr more security than he had with the Raiders—which means, in one way, this happening the way it did, versus how it would’ve if he was traded, is a win for Carr. On his Raiders deal, he’d have made more this year ($33 million vs. $30 million), but Vegas could’ve released him thereafter at a penalty of $7.5 million. On this deal, his $60 million for the next two years is fully guaranteed, with, essentially, a penalty of $10 million for releasing him after that.

(Offsets being what they are, yes, that means Carr would get $70 million at a baseline for two years in New Orleans, but the Saints would save some, or all, of that $10 million, based on whatever he earned from a team to sign in 2025.)

Third, the $50 million in the final year is cosmetic. The reality is it is a three-year deal for $100 million, with a balloon payment he’s highly unlikely to see that makes it look like he got closer to the $40.5 million per he had on the Raiders deal.

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