The New Orleans Saints have signed former Las Vegas Raiders quarterback Derek Carr to a four-year contract.
According to ESPN, the contract is worth $150 million and contains $100 million guaranteed, with $60 million over the first two years.
The Saints have been looking for a franchise quarterback since Drew Brees retired in 2021. The team has had a revolving door of signal-callers since then, including Andy Dalton, Jameis Winston, and Taysom Hill.
Hill has since moved back to his role as a “gadget” player, and reports have indicated Winston will be released after the Carr signing.
Carr picked the Saints over other suitors including the New York Jets and the Carolina Panthers.
Carr spent the first eight years of his career with the Las Vegas/Oakland franchise after being selected in the second round of the 2014 NFL Draft out of Fresno State.
During that time, he started 142 games, was named to three Pro Bowls, made two playoff appearances, and finished third in the 2016 NFL MVP race.
However, the Raiders never won a playoff game.
Las Vegas made a coaching change last offseason, hiring Patriots offensive guru Josh McDaniels, who was supposed to help the offense develop.
While the Raiders’ offense improved slightly, the defense continued to struggle as the team got out to a 2-7 start on its way to a 6-11 finish. Carr was benched late in the season and mutually agreed to avoid being around the team so he would not be a disturbance.
The Raiders eventually permitted Carr to speak with other teams, but no trade came to fruition due to his no-trade clause and concerns about his contract. Carr was released on February 14 as the Raiders avoided his $40.4 million price tag for next season.
Las Vegas now has Jarrett Stidham, who replaced Carr, and Chase Garbers as the quarterbacks on its roster as the league approaches free agency and the start of the new league year at 3 p.m. CT on Wednesday, March 15.