Saints salary cap space update after Derek Carr contract restructure
The New Orelans Saints restructured their contract with starting quarterback Derek Carr on Saturday afternoon, which carries a host of implications. But the most pressing matter is how this move impacts the Saints and the salary cap. Before restructuring Carr's contract, which carried a cap hit of $51,458,000, the Saints were in the red by an estimated $39,539,537, per the experts at Over The Cap.
Assuming the Saints used a maximum restructure (as is typical for them), they just freed up $30,996,000. Flipping one switch nearly gets them in the clear, even if it isn't the most popular move given Carr's poor performance in two years as a starter. We'll find out the exact number later, but we'll assume the Saints maxed this out by reducing Carr's base salary to the minimum ($1,255,000) and combining the $28,745,000 difference with his $10 million roster bonus, which will be paid out over time for accounting purposes. Hence the $30,996,000 in savings.
So that brings the Saints down to about $8.5 million in negative cap space. That's very manageable. They can now reach salary cap compliance before the Wednesday, March 12 deadline (3 p.m. CT/4 p.m. ET) with a couple of other roster moves. Expect a combination of restructures, pay cuts, and veteran releases similar to what we laid out in our mock offseason. General manager Mickey Loomis has indicated the Saints will be more aggressive in this free agency cycle than they were a year ago. Restructuring Carr gives them the means to do it.
This article originally appeared on Saints Wire: Saints salary cap space update after Derek Carr contract restructure
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
USA Today
8 minutes ago
- USA Today
ESPN announce Lee Corso's final College GameDay will be Texas at Ohio State in Week 1
ESPN announce Lee Corso's final College GameDay will be Texas at Ohio State in Week 1 Lee Corso's final ESPN College GameDay will feature the Texas Longhorns. ESPN has announced the 2025 debut of the popular college football pregame show will be in Columbus, OH on Aug. 30 for the Longhorns visit to the Horseshoe to take on Ohio State. The show will also be Corso's last chance to make a headgear pick. ESPN revealed earlier this year Corso would be retiring after Week 1 of the 2025 season. ESPN will use the episode to honor Corso's 38 college football seasons on the air. "Special programming honoring and celebrating Corso's career will be present throughout the Week 1 show in addition to the GameDay crew previewing the 2025 season and all the action of the kickoff Saturday slate," ESPN disclosed. "The season-opening episode will be located in its traditional spot on Ohio State's campus before finishing the show inside 'The Shoe' where Corso will make his final headgear pick in front of 100,000 fans ahead of the Buckeyes' noon kick." Ironically, Corso's first headgear pick was also in Columbus back in 1996. 'My family and I will be forever indebted for the opportunity to be part of ESPN and College GameDay for nearly 40 years,' Corso, who will turn 90 in August, said in a statement. 'I have a treasure of many friends, fond memories and some unusual experiences to take with me into retirement.' 'ESPN has been exceptionally generous to me, especially these past few years," Corso added. "They accommodated me and supported me, as did my colleagues in the early days of College GameDay. Special thanks to Kirk Herbstreit for his friendship and encouragement. And lest I forget, the fans…truly a blessing to share this with them. ESPN gave me this wonderful opportunity and provided me the support to ensure success. I am genuinely grateful.' College GameDay will go live at 8 a.m. CT on ESPN on Aug. 30. The first two hours of the show will be broadcast from outside St. John Arena while the crew will move inside Ohio Stadium for the final hour of the show. FOX's Big Noon Kickoff pregame show will also be in Columbus for Ohio State vs. Texas as FOX will broadcast the game on its national network at noon.
USA Today
16 minutes ago
- USA Today
Tyler Soderstrom Player Props: June 10, Athletics vs. Angels
Tyler Soderstrom Player Props: June 10, Athletics vs. Angels Tyler Soderstrom is looking to build on a one-hit performance in his most recent game (1 for 4). His Athletics take on Jose Soriano and the Los Angeles Angels on Tuesday at 9:38 p.m. ET on FDSW and NBCS-CA. Find odds, stats, and more below to make your Tyler Soderstrom player prop bets. Soderstrom has accumulated a team-high 14 home runs and 44 runs batted in. In baseball, Soderstrom ranks 14th in homers and 13th in RBI. Watch tonight's Athletics game on Fubo! Tyler Soderstrom Prop Bets and Odds Hits Prop: 0.5 hits (Over odds: -208) 0.5 hits (Over odds: -208) Home Runs Prop: 0.5 home runs (Over odds: +475) 0.5 home runs (Over odds: +475) RBI Prop: 0.5 RBI (Over odds: +145) 0.5 RBI (Over odds: +145) Runs Prop: 0.5 runs (Over odds: +120) 0.5 runs (Over odds: +120) Total Bases Prop: 1.5 total bases (Over odds: +140) 1.5 total bases (Over odds: +140) Stolen Bases Prop: 0.5 stolen bases (Over odds: +1350) How to Watch Athletics vs. Los Angeles Angels Matchup: Athletics vs. Los Angeles Angels Athletics vs. Los Angeles Angels Time: 9:38 p.m. ET 9:38 p.m. ET Date: Tuesday, June 10, 2025 Tuesday, June 10, 2025 TV Channel: FDSW and NBCS-CA FDSW and NBCS-CA Live Stream: Fubo (Watch now! - Regional restrictions may apply) Tyler Soderstrom vs. José Soriano Soderstrom is 1 for 4 with a double over his career versus José Soriano. When facing off against José Soriano this season, Soderstrom is 1 for 2 with a double. Last season against José Soriano, Soderstrom went 0 for 2 at the plate. Tyler Soderstrom prop bet insights Soderstrom has a hit in 43 of 68 games this season (63.2%), with multiple hits in 19 of those contests (27.9%). He has homered in 14.7% of his games in 2025 (10 of 68), 4.9% of his trips to the dish. Soderstrom has scored at least a run in 41.2% of his games this season (28 of 68), with more than one run scored in seven of them (10.3%). He has picked up at least one RBI in 36.8% of his games this year (25 of 68), with two or more RBI in 10 of those contests (14.7%). He has also driven in three or more of his team's runs in three contests. In 45 of 68 games this season (66.2%), Soderstrom has gone down on strikes, and 18 of those games (26.5%) included a performance that resulted in more than one punchout. MLB odds courtesy of BetMGM Sportsbook. Odds updated Tuesday at 1:26 p.m. ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Tyler Soderstrom stats against the Angels Angels starter: José Soriano
USA Today
16 minutes ago
- USA Today
Taylor Ward Player Props: June 10, Angels vs. Athletics
Taylor Ward Player Props: June 10, Angels vs. Athletics Taylor Ward is looking to get back on track following a hitless performance in his most recent game (0 for 4). His Los Angeles Angels take on Mitch Spence and the Athletics on Tuesday at 9:38 p.m. ET on FDSW and NBCS-CA. Find odds, stats, and more below to make your Taylor Ward player prop bets. Ward paces the Angels with 18 home runs and 45 runs batted in. Among hitters in MLB, Ward ranks sixth in home runs and 10th in RBI. Watch tonight's Angels game on Fubo! Taylor Ward Prop Bets and Odds Hits Prop: 0.5 hits (Over odds: -208) 0.5 hits (Over odds: -208) Home Runs Prop: 0.5 home runs (Over odds: +320) 0.5 home runs (Over odds: +320) RBI Prop: 0.5 RBI (Over odds: +130) 0.5 RBI (Over odds: +130) Runs Prop: 0.5 runs (Over odds: +100) 0.5 runs (Over odds: +100) Total Bases Prop: 1.5 total bases (Over odds: +120) 1.5 total bases (Over odds: +120) Stolen Bases Prop: 0.5 stolen bases (Over odds: +1050) How to Watch Los Angeles Angels vs. Athletics Matchup: Los Angeles Angels vs. Athletics Los Angeles Angels vs. Athletics Time: 9:38 p.m. ET 9:38 p.m. ET Date: Tuesday, June 10, 2025 Tuesday, June 10, 2025 TV Channel: FDSW and NBCS-CA FDSW and NBCS-CA Live Stream: Fubo (Watch now! - Regional restrictions may apply) Taylor Ward vs. Mitch Spence Ward is 1 for 11 with a double in his career against Mitch Spence. When facing off against Mitch Spence this season, Ward is 0 for 1. Against Mitch Spence last year, Ward went 1 for 10 with a double. Taylor Ward prop bet insights Ward has a hit in 39 of 64 games this year, with multiple hits in 10 of them. He has gone yard in 17 games this season (64 opportunities, 26.6%), going deep in 6.6% of his chances at the plate. In 46.9% of his 64 games this season, Ward has scored (30 times). He's also put up seven games with multiple runs in 2025 (10.9%). He has driven in at least one run in 27 of 64 games this year (42.2%), with two or more RBI in 10 of those games (15.6%). Ward has struck out one or more times in 46 out of 64 games this year (71.9%), with more than one punchout in 24 of those contests (37.5%). MLB odds courtesy of BetMGM Sportsbook. Odds updated Tuesday at 1:26 p.m. ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub. Taylor Ward stats against the Athletics Athletics starter: Mitch Spence
