NEW ORLEANS — The New Orleans Saints are signing quarterback Derek Carr to a 4-year deal.
NFL insider Ian Rapoport says the deal is $150M with $100M in total guarantees, $70M is fully guaranteed ($60M at signing, another $10M in Year 3 vesting after Year 1). Sources also said Carr received a no-trade clause from the Saints as part of his new contract.
Carr is reuniting with his first head coach, Dennis Allen, who coached the raiders from 2012-2014. Carr's rookie year was in 2014 when Allen was fired after the Raiders had an 0-4 start.
“I had the opportunity to work with Derek at the start of his professional football career," Allen said about Carr signing. "In addition to his talent, I admired his approach to the game, work ethic and commitment to get better every day in what were the formative stages of his career. From afar and when we played him as an opponent, I saw Derek’s development into one of the most productive quarterbacks in the National Football League. Derek is an outstanding addition to the New Orleans Saints and I can’t wait to get working with him and the rest of our team this offseason.”
Following the announcement, Carr tweeted, "Who dat⚜️" and posted a video on Instagram of Tyrann Mathieu leading the pregame chant before a game last season.
During his nine-year career, Carr has started 142 career games with a record of 63-79 and a 0-1 playoff record.
Saints General Manager Mickey Loomis said, “We are excited to welcome Derek Carr to the New Orleans Saints. Derek’s experience, leadership, and skill set will be an asset to our offense.”
Last season Carr threw for 3,522 yards, 24 touchdowns, and 14 interceptions with a 60.9% completion percentage in 2022, leading the Raiders to a 6-9 record before being benched in Week 17.