Derek Carr agreed to a deal with the New Orleans Saints on Monday, and it is one that will pay the veteran quarterback handsomely.
Carr has signed a four-year, $150 million contract with the Saints, according to Ian Rapoport and Mike Garafolo of NFL Media. The deal includes $100 million in total guarantees with $70 million fully guaranteed at signing.
For comparison, Carr signed a three-year, $121.5 million extension with the Las Vegas Raiders prior to last season. The deal included a potential $65 million in guaranteed money, but the majority of that was only guaranteed for injury. He got just under $25 million guaranteed at signing and never saw the other $40 million, as it would have become guaranteed if he remained on the Raiders’ roster through Feb. 15.
If Carr is guaranteed $70 million at signing with the Saints, the other $30 million is likely only guaranteed for injury. Still, that is a massive contract for the 31-year-old coming off one of his worst seasons.
The Raiders tried to trade Carr, but he refused to waive his no-trade clause and forced them to cut him. That saved him the step of having to restructure his contract, as he likely knew he would be able to secure a significantly better deal on the open market.
Carr showed with the video he posted on social media how excited he is to be a Saint. He has to be thrilled with the money, too.
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