Derek Carr | Salary & Contract
Derek Carr’s up-and-down tenure with the Las Vegas Raiders culminated in his release and eventual signing with the New Orleans Saints in 2023. As the title “Derek Carr contract history” suggests, we’ll dive into the lucrative contracts that made Carr one of the highest-paid quarterbacks in the NFL at various points.
Derek Carr Current Contract
4 year, $150,000,000 contract with the New Orleans Saints,
- Signing Bonus – $28,500,000
- Guaranteed – $100,000,000
- Base Salary (2024)– $1,210,000
- Restructure Bonus– $28,790,000
- Cap Hit – $12,668,000
- Dead Cap Value– $62,800,000.
* Previous Contracts detailed below
Derek Carr NFL Career
Derek Carr has been a solid contributor in the NFL at the quarterback position since 2014. Originally drafted by the Raiders with 4 Pro Bowl appearances and a playoff appearance in 2016. Carr’s numbers are decent with a career completion percentage of 65% , 242 touchdowns, and 147 interceptions.
During the 2022 season with the Las Vegas Raiders, Carr put up his lowest completion rate (60%) since his rookie season. The offensive struggles led to the decision to part ways with the Raiders right after signing a contract earlier in that year. He signed with the New Orleans Saints March 6 of 2023.
Derek Carr’s first season with the Saints showed solid improvement. The franchise and the quarterback agreed to rework the contract in early 2024, converting the $30 million dollar base salary to a signing bonus. The restructuring of the deal opens up $23 million dollars in cap space for the Saints.
Contract History with the Raiders & Saints
Carr has made a ton of money in over a decade of playing in the NFL with no Super Bowl wins under his belt. He has set records for the Raiders franchise (most passing touchdowns in a single regular-season game by a rookie, with 4) along with notable accolades not seen since Rich Gannon in 2002.
The current contract with the New Orleans Saints was reworked in 2024 to reduced Carr’s base salary to $1,210,000 in 2024. He will receive a $28,790,000 restructure bonus which allows the Saints to free up much needed cap space.
Here’s a look at the contract terms for Derek Carr over the years.
| Contract Year | Terms |
|---|---|
| 2014 -2017 ( Entry Level) – Raiders | 4-yrs / $5,371,801 – Signing Bonus: $2,226,764 -GTD At Sign: $3,310,937 |
| 2017-2022 – Raiders | 5-yrs / $125,000,000 -Signing Bonus: $12,500,000 -GTD At Sign: $40,000,000 |
| 2022-2025 – Raiders | 3-yrs / $121,500,00 – Signing Bonus: $7,500,000 -GTD At Sign: $24,877,519 |
| 2023-2025 – Saints | 4-yr / $150,000,000 -Signing Bonus: $28,500,000 -GTD At Sign: $60,000,000 |
