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Derek Carr's contract has been restructured
Posted on 2/23/24 at 9:20 am
Posted on 2/23/24 at 9:20 am
quote:
The #Saints are restructuring QB Derek Carr’s contract for salary cap purposes, a move expected to save the club around $23M in cap relief, per sources. Carr is due $30M in base salary, so converting a portion of that into a signing bonus can provide immediate savings
We all knew this was coming, but damn Loomis has really gotten us into a mess with the cap. It's all good when you're a contender, but three straight years of no playoffs would get any GM fired with this situation.
This post was edited on 2/23/24 at 9:22 am
20
Posted on 2/23/24 at 9:21 am to LSUZombie
IN B4 the
unnecessary melt of Saints Talk
unnecessary melt of Saints Talk
Posted on 2/23/24 at 9:24 am to LSUZombie
Posted on 2/23/24 at 9:31 am to LSUZombie
Hopping on the Texans band wagon until we get a real QB
Posted on 2/23/24 at 9:36 am to LSUZombie
Hooray purgatory!
Posted on 2/23/24 at 9:37 am to High Life
quote:
Hopping on the Texans band wagon until we get a real QB
Posted on 2/23/24 at 9:39 am to LSUZombie
Will be a lot of melting about this, but at the same time EVERYONE knew it was happening.
I wonder if this restructure also included an extension (probably not or they would have stated), a total salary reduction (again, probably not), or more guarantees in the future because why not since we will never be able to walk away from it anyway
I wonder if this restructure also included an extension (probably not or they would have stated), a total salary reduction (again, probably not), or more guarantees in the future because why not since we will never be able to walk away from it anyway
Posted on 2/23/24 at 9:41 am to Weekend Warrior79
quote:
I wonder if this restructure also included an extension (probably not or they would have stated), a total salary reduction (again, probably not), or more guarantees in the future because why not since we will never be able to walk away from it anyway
He’ll never accept a total salary reduction. That’s crazy to consider. He’s going to restructure is all. Well be paying him for a few years after he’s cut.
Posted on 2/23/24 at 9:47 am to LSUZombie
quote:
can provide immediate savings
Isn't "temporary relief" more accurate?
Not a shocker. If Carr and the offence under performs it will be the ol..."they were learning a new system and showed promise going into next year" trope
This post was edited on 2/23/24 at 9:51 am
Posted on 2/23/24 at 9:48 am to LSUZombie
Posted on 2/23/24 at 9:59 am to higgsBoson
I think it's too early in the contract, but I would not say never. Players have done it in exchange for more guarantees, to be able to get released/traded (not relevant here), or for more money/bonus upfront.
This appears will always be the case for any FA signing, or player getting their 2nd contract with the Saints.
quote:
Well be paying him for a few years after he’s cut.
This appears will always be the case for any FA signing, or player getting their 2nd contract with the Saints.
Posted on 2/23/24 at 10:01 am to LSUZombie
Posted on 2/23/24 at 10:10 am to LSUZombie
saints talk on Loomis and the cap
quote:
Jerry : How are we going to get under the cap?
Kramer : It's just a restructure for them .
Jerry : How is it a restructure ?
Kramer : They just restructure .
Jerry : Restructure what ?
Kramer : Jerry all these teams restructure everything
Jerry : You don't even know what a restructure is
Kramer : Do you ?
Jerry : No . I don't.
Kramer : But they do and they are the ones restructuring it.
Posted on 2/23/24 at 10:12 am to LSUZombie
Just one more shovel full of dirt poured on the corpse of what had become a yearly contending franchise in the NFL. Those days are gone.
Posted on 2/23/24 at 10:14 am to Gavin Elster
quote:
Just one more shovel full of dirt poured on the corpse of what had become a yearly contending franchise in the NFL. Those days are gone.
Posted on 2/23/24 at 10:19 am to LSUZombie
quote:quote:
The #Saints are restructuring QB Derek Carr’s contract for salary cap purposes, a move expected to save the club around $23M in cap relief, per sources. Carr is due $30M in base salary, so converting a portion of that into a signing bonus can provide immediate savings
We all knew this was coming,
My only concern with any restructuring was whether or not the contract remained voidable after the next season, if that was indeed the case as I read.
quote:
but damn Loomis has really gotten us into a mess with the cap. It's all good when you're a contender, but three straight years of no playoffs would get any GM fired with this situation.
This is what happens on the back end when you need a QB to remain a contender.
Posted on 2/23/24 at 10:38 am to LSUZombie
Is he still here?
Posted on 2/23/24 at 10:41 am to Weekend Warrior79
quote:
This appears will always be the case for any FA signing, or player getting their 2nd contract with the Saints.
Ww#,
You keep saying things like this or “everyone knew it was going to happen”, like we should just accept fate and not advocate for change.
Posted on 2/23/24 at 10:45 am to mdomingue
quote:
My only concern with any restructuring was whether or not the contract remained voidable after the next season
We just pushed about $26-27M in cap onto 25 and 26
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