The Saints have signed five-time Pro Bowl running back Alvin Kamara to a two-year, $24.5MM contract extension, per NFL Network’s Mike Garafolo.
Kamara was under contract for one more year, but the Saints were not expected to carry his non-guaranteed $22.4MM salary in 2025. Kamara’s new deal will lower his cap hit in 2025 by $18MM, per NFL Network’s Tom Pelissero, and keep him in New Orleans through the 2026 season, giving Kamara a chance at retiring a Saint.
More than $22MM of his new money is effectively fully guaranteed, according to Garafolo, though Kamara’s per-year average dropped from $15MM to $12.75MM from his first to his second extension. The former Sean Payton chess piece had agreed to a five-year, $75MM extension before the 2020 season; that contract had paid out its guarantees and resided as the longest-running active RB deal.
Kamara, 29, made his desire for a new deal clear over the summer when he left mandatory minicamp a day early, though he reported to training camp on time. He continued to negotiate with the Saints as the season approached, but the two sides appeared to be at an impasse in September, indicating that extension talks would continue in the offseason. The veteran running back even became the subject of trade rumors with New Orleans losing five straight games after opening the season 2-0.
Kamara’s extension will take him out of the trade market and solidify him as the Saints’ long-term running back, even as the team faces massive cap obstacles in the next few seasons. While other players like Marshon Lattimore may become too expensive to retain, New Orleans furthered its commitment to Kamara as the most proven and productive player on its offense — one in dire need of proven playmakers given the injuries at wide receiver.
The eight-year veteran was drafted by the Saints in the third round of the 2017 NFL Draft and received Pro Bowl nods in each of his first four seasons. That earned Kamara the five-year, $75MM payday in 2020; that deal established him as the second-highest-paid running back in the league behind Christian McCaffrey. Kamara’s new APY will drop him to third behind Jonathan Taylor, though he remains ahead of Saquon Barkley and Josh Jacobs. In terms of guarantees at signing, Kamara has managed to make his way toward that list’s ceiling as well. His $22MM at signing trails only McCaffrey and Barkley.
Kamara’s extension is somewhat of a surprise after negotiations with the Saints appeared to fizzle during the preseason, with both sides focusing on the 2024 season ahead of them. However, Kamara has been New Orleans’ most consistent offensive player this year as several other playmakers – including quarterback Derek Carr and wide receiver Rashid Shaheed – have dealt with injuries behind a rotating offensive line. Kamara’s 145 touches lead the league, and he is averaging one touchdown and just under 100 yards from scrimmage per game.
Kamara accepted a pay cut from his last contract with the Saints in exchange for full guarantees on almost 90% of his new money, continuing a league trend of decreasing running back contracts as players sacrifice total earning potential for more security with guaranteed money. The Tennessee alum has done very well for himself, even as RB value has stagnated in the modern NFL. The guarantees on this third Saints contract will bump him past $70MM in career earnings.
With the Saints committing to Kamara, other NFL teams will now turn their attention to players like Lattimore and Carl Granderson as potential trade targets as New Orleans — having dropped from 2-0 to 2-5 — potentially looks to shed contracts to clear up future cap space.