Breaking News: Derek Carr Restructures Saints Contract, Joins Raiders in Stunning Free Agency Return
Las Vegas, NV – May 20, 2025
In a move that has sent shockwaves through the NFL landscape, Derek Carr has agreed to return to the Las Vegas Raiders in free agency — a year after parting ways with the franchise that drafted him. Even more surprising is the way the deal came together: Carr voluntarily restructured his contract with the New Orleans Saints, creating salary cap flexibility that enabled his release and subsequent signing with the Raiders.
Carr, 34, spent the 2023 season as the starting quarterback for the Saints after being released by the Raiders following a nine-year tenure with the team. Though his stint in New Orleans saw flashes of the veteran’s elite arm talent, salary cap constraints and the team’s rebuilding trajectory created mutual interest in a parting of ways. According to league sources, Carr worked closely with the Saints’ front office to restructure his deal, void the final year, and lessen the dead cap hit — all to facilitate his return to Las Vegas.
A Surprise Homecoming
The Raiders, who have recently undergone a leadership overhaul with the hiring of head coach Pete Carroll and offensive coordinator Chip Kelly, were quietly seeking a veteran presence to stabilize their quarterback room. Carr, long respected for his leadership, football IQ, and deep ties to the organization, emerged as the perfect candidate.
“Derek gave us everything he had during his time in New Orleans,” said Saints GM Mickey Loomis in a statement. “His willingness to work with us on the contract side reflects his professionalism and class. We wish him the best in his return to Las Vegas.”
The Raiders also issued a short but powerful statement on the reunion:
“Derek Carr is back. And he’s not done yet.”
Financial Maneuvering Opens the Door
According to league insiders, Carr’s restructured contract with New Orleans significantly reduced his 2025 cap hit — from over $35 million down to just under $17 million — making it easier for the Saints to release him without absorbing a massive dead cap penalty. Carr agreed to forgo guaranteed future salary in return for the opportunity to hit free agency early.
The Raiders reportedly offered Carr a two-year incentive-laden deal, with a base salary well below market value but with escalators tied to performance, playoff wins, and team success. It’s a team-friendly contract that signals Carr’s motivation to compete — and win — more than cash in.
Why the Raiders?
Sources close to Carr say his decision to return wasn’t just sentimental. He was intrigued by Chip Kelly’s offensive scheme, the opportunity to mentor young quarterbacks, and the presence of dynamic rookie running back Ashton Jeanty, whom Carr believes could change the identity of the team’s offense.
Carr also maintains strong relationships within the Raiders organization, including owner Mark Davis and several former teammates who supported the idea of his return.
What It Means for the 2025 Season
With Carr back in Silver and Black, the Raiders add a proven leader to a team that’s building fast. Jeanty is expected to be the focal point of the offense, but Carr’s experience and poise under pressure provide much-needed stability as the team reshapes its identity under Carroll.
The move also gives the Raiders flexibility. Carr’s presence doesn’t preclude the development of a younger QB but ensures that Las Vegas will not be forced into a rebuild while grooming talent. It’s a “win now” move from a franchise that believes its time is now.
A Full Circle Moment
Carr’s return marks a rare full-circle moment in the NFL, where relationships and reputation have carried as much weight as numbers and contracts.
“Las Vegas is where my heart is,” Carr said in a statement shared through his agent. “I’ve got unfinished business. And I’m ready to finish it.”
