The Super Bowl has obviously been the league’s top storyline in recent days, but the future of Derek Carr has generated plenty of interest as well. The Raiders quarterback is close to having more than $40M in guaranteed money vest, meaning clarity could emerge soon.
Vegas allowed Carr, 31, to visit the Saints this week, having previously prevented him from meeting with teams which had yet to agree on trade compensation. The fact that New Orleans hosted Carr meant that at least the framework of a deal has been agreed upon. More details have emerged on that front.
ESPN’s Jeremy Fowler reports that the Raiders are seeking a third-round pick in exchange for Carr. Such a selection has been seen in plenty of high-profile QB trades in recent years, but Fowler is likely accurate in calling the ask a “modest” one. Of course, Carr has significant leverage in this situation by holding a no-trade clause and thus having the ability to force the Raiders to release him in the coming days and sign with the Saints (or any other potential suitor, of which there would be several) as a free agent.
New Orleans once again holds a first-round pick via the Sean Payton trade, but also the 41st and 72nd overall selections in this year’s draft. The latter would be headed Vegas’ way if previous reporting on terms being agreed upon holds true. The other complicating factor in this situation, though, is of course Carr’s contract and the Saints’ current financial situation.
New Orleans is more than $60M over the 2023 salary-cap ceiling, leaving them with more cost-cutting to do than any other team around the NFL before the new league year begins in mid-March. Carr has a scheduled cap hit of $34.9M in 2023, and $7M of his 2024 salary will become guaranteed this week barring a restructure. As Fowler and colleague Dan Graziano note, unsurprisingly, the Saints would be keenly interested in lowering Carr’s financial cost upon acquisition, but that the four-time Pro Bowler has no need (at least at this point) to agree to do so.
Carr would likely provide an upgrade under center to the Saints compared to their 2022 setup of Andy Dalton and Jameis Winston. The Raiders, meanwhile, have made it clear they are prepared to move on to a new era at the position, leaving attention squarely placed on Carr himself as he weighs his options.
