Derek Carr

Quarterback

Age: 33
Free Agency: 2027 (Void)
Accrued Seasons: 10
  • 2024 Salary Cap Charge: $12,668,000 (4.92% of cap)
  • 2024 Cash Payout: $30,000,000 (12.18% of spending)
  • 2024 Cash to Cap Ratio: 2.37
  • Contract Value: $150,000,000 ($37,500,000 APY)
  • Fully Guaranteed Money: $60,000,000
  • Contract Ranking: 14/104 at QB

Current Contract

(SFA, signed 2023)
(📝: indicates contract trigger occuring during that year)
YearAgeBase SalaryProrated Signing BonusRoster BonusGuaranteed SalaryCap
Number
Cap %
Dead Money & Cap Savings
202332$1,500,000$5,700,000$0$1,500,000$7,200,0003.2%
2024 📝
March 16: 2025 roster bonus is guaranteed
33$1,210,000$11,458,000$0$1,210,000$12,668,0004.9%
2025 📝
March 17: Salary is guaranteed
34$30,000,000$11,458,000$10,000,000$10,000,000$51,458,00019.8%
202635$50,000,000$11,458,000$0$0$61,458,00021.6%
2027 📝
March 15: Contract voids
36Void$11,458,000VoidVoid$17,216,0005.5%
202837Void$5,758,000VoidVoid$0--
202938Void$0VoidVoid$0--
Total$202,710,000$57,290,000$10,000,000$12,710,000$150,000,000

Contract Notes

Derek Carr signed a four year, $150 million contract with the Saints on March 6, 2023. $100 million of the contract is guaranteed, with $60 million fully guaranteed at signing. Per PFT, Carr received a $28.5 million signing bonus and his 2023 and 2024 base salaries are fully guaranteed. If on the roster in March of 2024, a $10 million roster bonus due in 2025 will become fully guaranteed. Another $30 million in salary in 2025 will be guaranteed if on the roster that March. Carr has a no trade clause as part of his contract. We are assuming that the Saints included a void year for salary cap purposes but that is not yet confirmed.

Per report from Jeremy Fowler of ESPN, New Orleans completed a contract restructure to save $23 million in 2024 cap space.

Cash Flows

- fully earned money
- unearned or partially earned money
$37.5M
$75M
$112.5M
$150M
2023202420252026
Cash Due$30,000,000$30,000,000$40,000,000$50,000,000
Running Cash$30,000,000$60,000,000$100,000,000$150,000,000
Career Earnings: $165,519,283
Career APY: $16,551,928
Potential Earnings: $285,519,283
Total Guarantees: $128,210,937
Largest Cash Payment: $50,000,000 (2026)
Largest Cap Number: $61,458,000 (2026)

Contract History

TeamContract TypeStatusYear SignedYrsTotalAPYGuaranteesAmount Earned% EarnedEffective APY
RaidersDraftedRenegotiated20144$5,371,802$1,342,951$3,310,937$4,219,28378.5%$1,406,428
RaidersExtensionExtended20175$125,025,000$25,005,000$40,000,000$106,300,00085.0%$21,260,000
RaidersExtensionTerminated20223$121,422,481$40,474,160$24,900,000$25,000,00020.6%$25,000,000
SaintsSFAActive20234$150,000,000$37,500,000$60,000,000$30,000,00020.0%$30,000,000
Earnings By Team
TeamYrsSalaryAPYPaid on Cap% Paid on CapPaid as Dead Money% Paid as Dead Money
Raiders9$135,519,283$15,057,698$129,894,2830.0%$5,625,0000.0%
Saints1$30,000,000$30,000,000$7,200,0000.0%$00.0%

Season History

YearTeamBase SalaryProrated BonusRoster BonusWorkout BonusGuaranteed SalaryCap
Number
Cap %Cash Paid
2014Raiders$420,000$556,691$0$0$420,000$976,6910.7%$2,646,764
2015Raiders$664,173$556,691$0$0$664,173$1,220,8640.8%$664,173
2016Raiders$733,346$556,691$150,000$25,000$0$1,465,0370.9%$908,346
2017Raiders$5,000,000$3,056,691$7,650,000$25,000$12,500,000$15,731,6919.0%$25,175,000
2018Raiders$7,400,000$2,500,000$15,000,000$100,000$22,400,000$25,000,00013.7%$22,500,000
2019Raiders$19,900,000$2,500,000$0$100,000$19,900,000$22,500,00011.6%$20,000,000
2020Raiders$18,900,000$2,500,000$0$100,000$2,900,000$21,500,0009.8%$19,000,000
2021Raiders$19,525,000$2,500,000$0$100,000$0$22,125,00011.7%$19,625,000
2022Raiders$17,400,000$1,875,000$0$100,000$17,400,000$19,375,0009.3%$25,000,000
2023Saints$1,500,000$5,700,000$0$0$1,500,000$7,200,0003.2%$30,000,000
2024Saints$1,210,000$11,458,000$0$0$1,210,000$12,668,0004.9%$30,000,000
2025Saints$30,000,000$11,458,000$10,000,000$0$10,000,000$51,458,00019.8%$40,000,000
2026Saints$50,000,000$11,458,000$0$0$0$61,458,00021.6%$50,000,000
2027Saints$40,000,000$11,458,000$0$0$0$17,216,0005.5%$0
2028Saints$40,000,000$5,758,000$0$0$0$0--$0
2029Saints$40,000,000$0$0$0$0$0--$0
Total$292,652,519$73,891,764$32,800,000$550,000$88,894,173$279,894,283$285,519,283
Dead Money History
TeamYearCap ChargeCash Paid
Raiders2023$5,625,000$0
Total$5,625,000$0

Statistics

YearGames PlayedGames InactiveSnapsPassingRushingFumbles
InjuredHealthyOffenseSpecialComp/AttPctYardsTDINTSackedRatingAttYardsAvgTDTotalLost
2014160095.8%0.0%348/59958.1%327021122476.629923.20104
2015160096.1%0.0%350/57361.1%398732133191.1331384.20103
2016151093.6%0.0%357/56063.8%39372861696.739701.8053
2017151092.5%0.0%304/48762.4%325321121886.021653.1072
2018160098.9%0.0%381/55368.9%404919105193.924472.01127
2019160097.8%0.0%361/51370.4%405421829100.827823.0273
2020160093.0%0.0%348/51767.3%410327926101.4391403.6300
2021170098.9%0.0%428/62668.4%480423144094.0401082.7000
2022150285.8%0.0%305/50260.8%352224142786.3241024.3000
2023170084.5%0.0%375/54868.4%38782583197.732401.3000

Valuation Diamond

The diamond is a scatterplot graph that visualizes the relation of the player's APY (in green) and performance (in blue, as measured by OTC's Valuations) to the rest of the league at his position. To understand how to read the diamond, read this explainer.

OTC ValuationAPY
Regular$28,027,000$37,500,000
Injury Adjusted$28,027,000$37,500,000
test
OTC Valuation $7.2M $14.4M $21.6M $28.8M $36M APY $9.2M $18.3M $27.5M $36.7M $45.8M $25,867,000 $33,333,333

Weekly Valuation Trends

The chart below illustrates the trend of the player's weekly OTC Valuations (in blue) from the most recent season, using APY (in green) and, if applicable, cash that is due to the player in the next season (in red) as benchmarks. Weeks not plotted indicate that the player was inactive or on a bye.

To see interactive and more in-depth use of OTC Valuation data, subscribe to OTC Premium.