Saints Rumors

Saints Sign TE Juwan Johnson To Extension

Previously on track for restricted free agency, Juwan Johnson now has a new contract. The Saints and the young tight end agreed to a deal that runs through 2024 on Saturday, according to his agent (on Twitter).

Johnson has become a key presence in New Orleans’ passing attack, and the Saints convinced him to bypass a run at unrestricted free agency next year. He is now in line to be part of the team’s next two Derek Carr-piloted offenses.

This agreement will keep the Saints from having to place a second-round RFA tender on Johnson, which matters more after the Carr deal pushed the team more than $20MM over the cap ahead of the 2023 league year. The second-round RFA tender costs $4.3MM this year. The terms of this deal are not yet known, but it should be assumed Johnson’s 2023 cap number checks in considerably lower than that number while rising in 2024. It will be interesting to see these terms, as Johnson could have parlayed a nice 2023 season into a free agency payday next year.

A converted wide receiver, Johnson saw his involvement in the Saints’ offense increase dramatically in 2022. The former UDFA caught 42 passes for 508 yards and seven touchdowns, helping the team’s Andy Dalton-led offense. No other Saints pass catcher totaled more than four touchdowns last season, and only Chris Olave topped Johnson’s yardage total. Johnson scored twice against the Falcons and Cardinals last season. As Carr settles in with the team, Johnson figures to be an important player in the near future.

Next season will be Johnson’s age-27 campaign; he has been with the Saints since his post-draft deal in 2020 but only became a key passing-game presence last season. The team traded four draft choices to move into the third round for tight end Adam Trautman that year, but Johnson has taken over as the squad’s most productive tight end. Trautman has maintained a steady role, however, as has Taysom Hill. Both are also under contract for 2023.

Saints Approaching Deadline On Extension For WR Michael Thomas

The Saints are facing down the clock as they attempt to negotiate an extension with veteran wide receiver Michael Thomas, resulting in some productive talks but not quite sealing the deal, according to Nick Underhill of NewOrleans.Football. The progress is crucial as the team approaches the self-imposed deadline set up in Thomas’s restructured contract.

When New Orleans restructured the former All-Pro’s five-year, $96.25MM deal earlier this year, it set up a timebomb due to detonate on the third day of the new league year, which falls on March 17. When the team moved almost $14.5MM from his 2023 base salary to his 2024 roster bonus, it put immediate pressure on the Saints’ brass to get a new deal done.

Thomas’s new 2024 roster bonus, again, due in six days, currently measures $31.755MM. If the Saints and Thomas are unable to reach an agreement for an extension by March 17, the roster bonus becomes guaranteed and immediately hamstrings the team with a massive amount of dead money implications.

If the team were to release Thomas as a pre-June 1 cut, an almost unthinkable possibility, the team would be shouldered with almost $50MM in dead cap over the next four years. Designating him as a post-June 1 cut would lessen the dead money to just over $26MM and provide the Saints with cap savings of $1.37MM in 2023 and $6.19MM in 2024.

Thomas is long removed from the 2019 season that saw him lead the NFL in receptions (149) and receiving yards (1,725), playing in only ten games since receiving all of his accolades for that year. He did display a spark of that talent in the three games he played this season, but the emergence of rookies Chris Olave and Rashid Shaheed in his absence has made Thomas’s presence more icing than cake.

The restructuring initially had many under the impression that New Orleans intended to part ways with the former Offensive Player of the Year, but with Underhill’s most recent report, it appears that the two parties are attempting to prolong their partnership. Regardless of their decision, Thomas’s current contact is untenable, and the deadline to make a decision that the team set up for itself is fast approaching.

2023 Top 50 NFL Free Agents

Super Bowl LVII provided the latest example of the value free agency can bring. The Chiefs revamped their receiving corps on last year’s market, while the Eagles acquired three defensive starters — including sack leader Haason Reddick. The Jaguars also used a March 2022 splurge to ignite their surprising surge to the divisional round.

Beginning with the legal tampering period, which starts at 3pm CT on Monday, and continuing with the official start to free agency (3pm Wednesday), the next several days represent a highlight on the NFL calendar. Which teams will change their 2023 outlooks for the better next week?

While the 2023 free agent class has absorbed its share of body blows and indeed lacks depth at certain spots, a few positions will bring waves of starter-level talent. Right tackle will invite some big-money decisions, and the safety and off-ball linebacker positions feature considerable depth. A few ascending talents and hidden gems appear in this class as well.

This list ranks free agents by earning potential. In terms of accomplishments, Bobby Wagner, Fletcher Cox and Lavonte David would lap most of the players included here. With each defender going into his age-33 season, however, the standouts’ ability to command big contracts is certainly not what it once was.

In terms of possible destinations, not every team is represented equally. Some teams will bring more needs and cap space into this year’s marketplace than others. With some help from Adam La Rose, here is this year’s PFR top 50 free agents list, along with potential landing spots for each player.

1. Orlando Brown Jr., T. Age in Week 1: 27

As the 49ers did two years ago with Trent Williams, the Chiefs will let Brown hit the market. This could end up benefiting the veteran tackle, who was offered a deal with an average annual value north of Williams’ tackle-record $23MM per year before last July’s franchise tag deadline. Citing insufficient guarantees, Brown turned it down. Kansas City’s offer did contain a bloated final year to bump up the AAV to $23.1MM, but will Brown – a quality left tackle but not a top-shelf option at the position – do as well this year? He will soon find out.

Brown has now made four Pro Bowls and carries positional versatility that would intrigue were he open to a return to right tackle, which by all accounts he is not. The 363-pound blocker can struggle against speed-rusher types, but he is set to be the rare accomplished left tackle in his prime to hit the market. The Chiefs sent a package including a first-round pick to the Ravens for Brown, whose bet on himself led to a $16.6MM tag and an open market. The bidding will run high, though it might not reach the places the Williams pursuit did in 2021.

The Chiefs’ exclusive negotiating rights with Brown end March 13; they have had nearly two years to complete a deal. The market will determine if the league views the sixth-year blocker as an elite-level left tackle or merely a good one. Then again, bidding wars drive up the prices for O-linemen on the market. O-line salary records have fallen four times (Williams, Corey Linsley, Joe Thuney, Brandon Scherff) in free agency since 2021. This foray could give Brown the guaranteed money he seeks, and it puts the Chiefs at risk of seeing their two-year left tackle depart. The Ravens also passed on this payment back in 2021, in part because they already had Ronnie Stanley on the payroll.

The defending champions have Brown and right tackle Andrew Wylie eligible for free agency; some of their leftover funds from the Tyreek Hill trade went to Brown’s tag. Although some among the Chiefs were frustrated Brown passed on last year’s offer, the team will be hurting at a premium position if he walks. Given the importance the blindside position carries, fewer teams are in need compared to right tackle. The Titans losing Taylor Lewan and continuing to clear cap space could point to a run at Brown, though the team has a few needs up front. The Jets likely have needs at both tackle spots. Would the Bears relocate Braxton Jones to the right side? Ryan Poles was with the Chiefs when they traded for Brown, and the Bears could outmuscle anyone for cap space.

Best fits: Titans, Chiefs, Commanders

2. Mike McGlinchey, T. Age in Week 1: 28

Teams in need of right tackles will participate in one of the more interesting markets in recent memory. Above-average-to-good offensive linemen do well in free agency annually, and this year will send three experienced right tackles in their prime to the market. A five-year starter in San Francisco and former top-10 pick, McGlinchey has a good case as the best of this lot. The five-year vet’s run-blocking craft eclipses his pass-protection chops exiting Year 5, but he will walk into a competitive market. The former Notre Dame left tackle should have a lucrative deal in place during next week’s legal tampering period.

Although mutual interest existed regarding a second 49ers-McGlinchey agreement, John Lynch acknowledged the only viable path for McGlinchey to stay in San Francisco would be his market underwhelming. That seems unlikely, so right tackle-seeking teams – and there are a handful – will jockey for the sixth-year veteran. McGlinchey turned 28 in January, making this his obvious window to cash in. He rated fifth in ESPN’s run block win rate stat last season, bouncing back from the quadriceps injury that ended his 2021 season.

There is no shortage of Kyle Shanahan– or Sean McVay-influenced schemes around the league. The Bears employ Luke Getsy as their play-caller; Getsy worked for Shanahan/McVay tree branch Matt LaFleur, and the Bears’ cap space dwarfs every other team’s. After fielding a shaky O-line (on a team full of substandard position groups), Chicago needs a better idea of Justin Fields’ trajectory. Outbidding the field for the top right tackle available is a good start. The Patriots want a right tackle – on a line without a big contract presently – and the Raiders might have a say here as well. In need at multiple O-line spots, Las Vegas will have cash as well if it passes on a big QB investment.

Best fits: Bears, Patriots, Raiders

3. Jawann Taylor, T. Age in Week 1: 26

As expected, the Jaguars took Evan Engram off the market via the franchise tag. The tight end tag being $7MM cheaper than the $18.2MM offensive lineman tag always pointed Taylor toward free agency, and after never missing a start in four Duval County seasons, Taylor will be tough for the Jags to retain. They already drafted Walker Little in the 2021 second round, and no team that is currently paying a left tackle top-10 money (Cam Robinson is seventh) has a top-10 right tackle contract on the books. Taylor is expected to land at least a top-10 right tackle deal, with a $17MM-AAV figure being floated. That would place the former Florida Gator in the top five at the position, depending on how McGlinchey fares next week.

Taylor resembles the genre of player that usually populates the top of a position’s free agency market: a dependable performer who checks in below the top tier at his job. Taylor enjoyed his strongest year in his platform campaign. The former second-round pick dropped his hold count from 11 in 2021 to two in 2022. While PFF charged Taylor with five sacks allowed, Football Outsiders measured his blown-block rate at a career-low 1.3%. Offering a disparate skillset compared to McGlinchey, Taylor has fared better as a pass protector than in the run game. PFF slotted him as a top-10 pass protector among right tackles but viewed him as a dismal run-blocker.

The Jags have presumably made Taylor an offer, but other teams will probably top it. The Dolphins gave Terron Armstead a five-year, $75MM deal in 2022 but have needed a right tackle ever since Ja’Wuan James’ 2019 exit. They were forced to start in-season pickup Brandon Shell for much of the year and have cleared more than $45MM in cap space over the past two days. The team just picked up Tua Tagovailoa‘s fifth-year option, and the league’s lone southpaw starting QB needs better blindside protection after a season in which he suffered at least two concussions. Overspending on O-linemen is not the Patriots’ M.O., but they have a need at right tackle and do not have big dollars devoted to quarterback or any position up front. New England is on the hunt for a right tackle upgrade, and the team’s 2021 free agency showed it would spend when it deemed expenditures necessary.

Best fits: Dolphins, Patriots, Jaguars

4. Jimmy Garoppolo, QB. Age in Week 1: 31

The quarterback market cleared up this week, seeing Geno Smith and Daniel Jones extended and Derek Carr’s lengthy street free agency stretch end with $70MM in practical guarantees. Garoppolo’s injury history will affect his value, but teams kind of make it a priority to staff this position. The former Super Bowl starter is in his prime and on the market for the first time. How high this market goes will depend on what the Raiders want and what Aaron Rodgers decides.

The 49ers’ 12-game win streak that included Brock Purdy’s stunning displays began with Garoppolo at the controls. Guiding San Francisco to four straight wins, Garoppolo was at or close to his best when he suffered a broken foot in Week 13. He sported a 7-0 TD-INT ratio during that win streak and closed the season 16th in QBR. He would have walked into a better market had the injury not occurred; the setback came after a string of health issues. He tore an ACL in 2018, missed 10 games in 2020 after an ankle sprain and was significantly limited by the end of the 2021 slate due to a three-injury season. Garoppolo’s March 2022 shoulder surgery hijacked his trade market.

Ideally for Garoppolo, Rodgers returns to Green Bay or retires. While that is looking unlikelier by the day, it would put the Jets in a desperate position following Carr’s decision. The Raiders represent the other wild card. Garoppolo would slide into Josh McDaniels’ system seamlessly, given the parties’ three-plus years together in New England. The Raiders have operated a bit more stealthily compared to the Jets; they have been connected to Rodgers, Garoppolo and rolling with a rookie. Plan C here would be a tough sell given the presences of 30-year-old skill-position players Davante Adams and Darren Waller, but Las Vegas’ plans cloud Garoppolo’s market. If the Raiders pass and Rodgers chooses the Jets, Garoppolo’s earning power could drop.

McDaniels not fancying a Garoppolo reunion opens the door for the Texans, who hired ex-49ers pass-game coordinator Bobby Slowik as OC, and others. Houston’s situation may not appeal to Garoppolo, but Slowik and Nick Caserio being in Houston make this connection too clear to ignore. The Buccaneers and Commanders are in win-now positions but are giving indications they do not want to spend much at QB. The Commanders were deep in talks for the then-49ers QB last year, however. Garoppolo will test those squads, along with the Falcons, who are entering Year 3 of the Terry FontenotArthur Smith regime. The Panthers’ acquisition of the No. 1 pick likely takes them out of the running, and Carolina not being in the mix could also affect how high the Garoppolo price goes.

Bottom line, there should be enough teams interested in staffing their 2023 QB1 spots that the best free agent option should do OK no matter what happens with Rodgers.

Best fits: Raiders, Texans, Commanders

5. Jamel Dean, CB. Age in Week 1: 26

The Buccaneers retained Carlton Davis last year, but their dire cap situation should force a Dean departure. Dean’s age/performance combination should make him this year’s top cornerback available. With corner a position of need for many teams, the former third-round pick stands to do very well. Dean has only been a full-time starter in one season, however, seeing his defensive snap share jump from 67% in 2021 to 90% last season.

Excelling in press coverage, Dean played a major role for the 2020 Super Bowl champion Bucs iteration and overtook fellow free agent Sean Murphy-Bunting last year. Dean did perform better in 2021 compared to 2022, allowing no touchdowns and limiting QBs to a collective 50.0 passer rating; those numbers shot up to four and 86.0 last season. Still, PFF rated Dean as last year’s 10th-best corner. J.C. Jackson did not break into the top five among corners upon hitting the market last year; Dean should not be expected to do so, either. But many teams will be interested.

The Patriots have paid up for a corner previously, in Stephon Gilmore (2017), but Jonathan Jones – forced to primarily play a boundary role in 2022 – wants to re-sign and will be far cheaper than Dean. The Falcons need help opposite AJ Terrell and trail only the Bears in cap space. Although a Terrell payment is coming, it can be tabled to 2024 due to the fifth-year option. The Dolphins are clearing cap space and now have a corner need, with Byron Jones no longer with the team after his missed season.

Best fits: Dolphins, Falcons, Patriots

6. Jessie Bates, S. Age in Week 1: 26

Bates stands to be one of this free agency crop’s safest bets, combining extensive experience – the final two years as a pillar for a championship threat – with a host of prime years remaining. Beginning his career at 21, the Wake Forest product has started 79 games and anchored the Bengals’ secondary for most of his tenure. The Bengals did not tag Bates for a second time, passing on a $15.5MM price. With the team planning to let Bates test the market, it looks like the sixth-year defender will leave Cincinnati.

The Bengals and Bates went through two offseasons of negotiations, ending in the 2022 tag. The Bengals have some big payments to make at higher-profile positions. Safety does not qualify as such, but Bates has been a cornerstone in Lou Anarumo’s defense and will be handsomely rewarded. Bates finished as Pro Football Focus’ No. 1 overall safety in 2020 and, after a shakier 2021 in which he admitted his contract situation affected his play, Bates came through with impact plays in the postseason. He graded as a top-25 safety, via PFF, in 2022.

Safety is one of this year’s deeper positions in free agency. Of the top 10 safety contracts, however, only one went to a free agent (Marcus Williams in 2022). Bates should be expected to join the Ravens defender, who signed for $14MM per year. It will be interesting if he can climb into the top five at the position; Justin Simmons’ $15.25MM-AAV accord sits fifth. Bates should be expected to approach or eclipse that, though moving to the Derwin JamesMinkah Fitzpatrick tier will be more difficult. Still, after the Bengals offered Bates less than $17MM guaranteed last summer, he should depart for more guaranteed money.

The Browns are interested in Bates, who will cost more than John Johnson cost Cleveland two years ago (three years, $33.75MM). Clear of the record-setting Matt Ryan dead-money hit, the Falcons have cash to spend and a Terry FontenotArthur Smith regime entering Year 3. The Falcons need to make progress, and they do not have much in the way of talent or costs at safety. The team has not featured much here since the Keanu NealRicardo Allen tandem splintered. Bates would be a way to remedy that.

Team fits: Falcons, Browns, Raiders

Read more

Minor NFL Transactions: 3/10/23

Today’s minor moves around the NFL:

Arizona Cardinals

Chicago Bears

Los Angeles Rams

Miami Dolphins

New England Patriots

New Orleans Saints

New York Jets

Pittsburgh Steelers

  • Waived: DB Carlins Platel

Tampa Bay Buccaneers

Tennessee Titans

Washington Commanders

  • Signed: T Drew Himmelman

 

Bailey has been the punter for the Patriots since the team drafted him in the fifth round in 2019. He spent some time on injured reserve this past season and looked ready to return before being suspended by the team in response to missed rehabilitation appointments. In Bailey’s absence, New England relied on former Panther Michael Palardy for the rest of the season. With Palardy set to hit free agency, the Patriots will need to figure out who will be flipping the field for them next year.

Gray has been a standout special teamer for the Saints, earning first-team All-Pro honors in 2021. His new contract will be his largest yet, a three-year, $9.6MM deal, according to Ian Rapoport of NFL Network. The deal includes $4MM guaranteed, $2.4MM at signing, and has annual playing time incentives that could pay up to $500,000 per season. The first year’s base salary of $1.1MM is fully guaranteed for injury, followed by second- and third-year base salaries of $2.5MM and $2.6MM, respectively. The new contract has an potential maximum value of $11.1MM.

Saints Give Jameis Winston Option To Stay

When the Saints signed Derek Carr earlier this week, it pointed to the highest-paid passer on last year’s team being moved off the roster. But Jameis Winston is not finished in New Orleans yet.

The team gave Winston the option of staying on a reworked contract, Dianna Russini of ESPN.com tweets. The demoted quarterback has until Wednesday — the start of the 2023 league year — to accept the team’s revised proposal or be cut.

It is likely the Saints offered a pay cut, with Winston set to make $12.8MM in base salary. The Saints would save $4.4MM by releasing Winston but could create $12.8MM in space by designating him as a post-June 1 cut. Though, the latter move would not create those savings until that June date.

Winston is under contract through 2023, via the two-year, $28MM deal he signed in 2022. But the former No. 1 overall pick will not have a chance to compete for a starting job in New Orleans. Winston was upset he lost his starting job to Andy Dalton after an injury, Katherine Terrell of ESPN.com tweets. Dalton started the final 14 Saints games. Winston opened the season as the team’s starter, but ankle and back issues re-routed his path in Louisiana.

Accepting the Saints’ offer would signal Winston does not believe he would do better on the open market. Were Winston to pass and be released, he would be hitting free agency after a disappointing season and join a crowded market of bridge-type starters. Dalton also stands to be part of that contingent, which includes the likes of Jacoby Brissett, Teddy Bridgewater, Carson Wentz, Marcus Mariota, Baker Mayfield, Sam Darnold, Mike White and Gardner Minshew. It would not appear Winston would be especially successful in free agency, given this collection of passers being available at likely low rates.

Winston, 29, was struggling at the season’s outset and suffered a torn ACL in 2021. Knee pain lingered into the 2022 season, Winston said recently. The former Buccaneers starter did begin the 2021 season with a 14-3 touchdown pass-to-interception ratio, doing so on a team with one of the worst receiving groups in the league. Sean Payton departed after the 2021 season, however, changing the equation in New Orleans.

Teams stand to be interested in Winston (80 career starts) as a backup or as a bridge starter. The Broncos could be one of them, as Payton inherited Russell Wilson following a stunningly mediocre season. Winston serving as a backup/insurance against Wilson not returning to form in Denver would make sense. It should not be assumed Winston will be back with the Saints. The answer will be known soon.

Minor NFL Transactions: 3/7/23

Here are Tuesday’s minor moves:

Carolina Panthers

  • Suspended two games: S Sean Chandler; DB violated NFL’s substance-abuse policy

Denver Broncos

Jacksonville Jaguars

  • Waived: QB E.J. Perry

Miami Dolphins

New Orleans Saints

Latest On Derek Carr’s Free Agency Choice

As the Jets give Aaron Rodgers their best sales pitch, four quarterbacks came off the market in a 30-hour span. Although Lamar Jackson, Daniel Jones and Geno Smith were never serious candidates to hit free agency, the Saints signing Derek Carr took away the Jets’ Rodgers backup plan.

The Saints, however, were the first team to meet with Carr, hosting him on a visit before the Raiders released him. Carr ended up feeling “far more comfortable” with the Saints compared to the Jets, Mike Florio of Pro Football Talk notes.

The NFC South offers a better path to a division title — something Carr did not accomplish with the Raiders, as Peyton Manning– and Patrick Mahomes-led teams stood in his way — compared to the AFC East, as the rest of the division is still navigating quarterback uncertainty. The Saints were also not waiting on Rodgers, with the Jets having communicated to Carr he was their second choice. As Rodgers continues to take his time, the Saints landed their top target. New Orleans’ media market is also a bit less frenzied compared to the Big Apple, an aspect that may or may not have influenced Carr’s comfort level.

Carr signed a four-year, $150MM deal to join a less menacing conference, in terms of QB talent, and his fourth NFL contract provides more long-term security compared to his 2022 Raiders re-up. Carr is locked in through 2024, with his signing bonus and 2023 and ’24 salaries being guaranteed at signing. Carr will see $10MM of his 2025 salary shift from an injury guarantee to a full guarantee in March 2024, Florio adds. All of Carr’s $40MM in 2025 — a roster bonus and $30MM base salary — is guaranteed for injury at signing.

This looks more like a two-year contract with a third-year option, with Carr effectively certain not to be attached to the deal by 2026. That year includes a $50MM nonguaranteed base salary, Florio adds. Year 4, however, drove the reported AAV up to $37.5MM per year. Carr was connected to wanting a deal north of $35MM on average. The 10th-year veteran landed it, and if his second act in the NFC goes well, this might not be the only Saints pact the former Raider signs.

Carr, 31, was interested in the Jets, and the sides met twice — in New York and in Indianapolis — but their timelines did not match up. Some among the Jets viewed Jimmy Garoppolo as a legitimate option before the front office locked onto Carr. If this Rodgers meeting does not produce alignment, louder Garoppolo noise figures to come out of New York soon. The Jets must wait until March 13 to speak with Garoppolo, however, as he is set to be an unrestricted free agent.

Saints Sign Derek Carr

12:25pm: Details are in on the Carr deal, per Rapoport (Twitter link). The contract is worth $150MM over four years, good for an average annual value of $37.5MM; that figure ranks ninth in the league amongst QBs. In addition, the Saints are giving Carr $100MM in total guarantees, including $60MM guaranteed at signing (which rank 10th and 11th in the NFL at the position, respectively, and outweigh the $40MM the Raiders would have owed him had they not released him when they did). $10MM due in year three of the pact vests after one season, meaning the contract essentially contains $70MM fully guaranteed. Garafolo tweets that a no-trade clause is in place as well.

Rapoport adds that Carr agreed to structure the deal in a way which helps their tight cap situation, meaning the first year likely carries a low cap hit. Even if that’s the case, Winston is all-but assured to find himself playing elsewhere in 2023 as New Orleans looks for less expensive options behind Carr.

9:19am: After plenty of speculation, the first quarterback domino is set to fall in 2023. Derek Carr is signing with the Saints, reports Mike Garafolo of NFL Network (Twitter link). His colleague Ian Rapoport tweets that the deal is four years in length. The Saints have since announced that the contract is officially in place.

Carr’s tenure with the Raiders all-but officially came to an end late in the 2022 season when he was benched. He spent the final two weeks of the campaign away from the team, leading to questions of where he would land next and how Vegas would proceed under center. A trade was a possibility at one point, with the Saints being the only team which worked out compensation with the Raiders on a potential deal. However, the 31-year-old forced Vegas to release him and give himself the chance to test the open market.

That made Carr the top quarterback known to be available prior to the start of free agency. He had a visit with the Jets which resulted in mutual interest existing between the two sides. New York has been very public about their intentions of adding a veteran passer to give the team stability at the position, though they have routinely been linked to a potential Aaron Rodgers trade.

Carr met with not only the Saints and Jets, but also the Panthers during the Combine, a sign that New Orleans could be facing competition from their division rival. Carolina was thought to be weary of Carr’s $35MM-per-year asking price, however, leading to the expectation that they will use the draft to find their next long-term QB. This news points the Panthers further in that direction.

It came out last week that the Saints were prepared to sign Carr after the outcome of their sit-downs with him. That suggested they were in the lead to land the four-time Pro Bowler, although an update from yesterday seemed to keep the Jets firmly in the running. In any case, it comes as little surprise that Carr has made his decision before the start of the new league year, when other veterans (including Jimmy Garoppolo) will become eligible to sign with teams.

The Saints made a strong push for Deshaun Watson last offseason, in spite of an unenviable cap situation. That led them to turn back to Jameis Winston as their Week 1 starter, though the addition of backup Andy Dalton led to the expectation that a swap in the pecking order could be coming. That was indeed what happened relatively early in the season, though Dalton’s performances led to increased calls for Winston to be re-installed as the No. 1.

Overall, neither passer did enough in 2022 to dissuade New Orleans from making a splash at the position. Dalton is a pending free agent, while Winston has one year remaining on his current contract. Releasing the latter as a post-June 1 cut would yield $12.8MM in cap savings, though the Saints still have plenty of need for additional funds in the immediate future. The team has made multiple moves recently with respect to restructures, as they looked to carve out not only the needed space to achieve cap compliance, but also the ability to afford Carr. Now, they have done enough to land what they hope will be an upgrade at the position for the foreseeable future.

Attention will now increasingly turn to the Jets’ pursuit of Rodgers, who has at all times been their top preference. With Carr no longer available as a backup plan, New York could face increased urgency to trade for the four-time MVP, whose playing future remains very much in the air. Meanwhile, veterans Carson Wentz and Marcus Mariota are now the top passers available at the moment, after they were unsurprisingly released last week. With Carr off the board, the 2023 QB landscape has started to take shape.

NFL Restructures: Saints, Corbett, Grant, Eagles

The Saints restructured two contracts yesterday in an effort towards salary cap compliance, according to ESPN’s Field Yates. Both linebacker Demario Davis and tight end Taysom Hill have agreed to the new arrangements to lower their cap hit next season.

Davis is under contract through the 2025 season, Hill through 2026. Davis had another stellar season for the Saints in 2022. Since joining the team in 2018, he’s missed one game and been a first- or second-team All-Pro in every season but his first in New Orleans. The team converted $7.09MM of base salary for the 34-year-old’s 2023 season into a signing bonus, clearing $5.67MM in cap space off of his contract. He now holds a cap hit next year of $7.61MM with a base salary of $1.17MM.

Hill had another productive year as a Swiss-army weapon for New Orleans. The quarterback/tight end continued to show a much larger impact rushing than receiving but steeply declined in his passing numbers this year. The team converted $8.82MM of base salary for the 32-year-old’s 2023 season into a signing bonus, clearing $7.06MM in cap space off of his contract. He now holds a cap hit next year of $6.87MM with a base salary of $1.08MM.

The team still has several avenues it can explore to create cap space. Defensive end Cameron Jordan ($25.7MM), cornerback Marshon Lattimore ($22.4MM), guard Andrus Peat ($18.3MM), running back Alvin Kamara ($16MM), and quarterback Jameis Winston ($15.6MM) all hold cap hits over $15MM that could likely be restructured.

Here are few other recent moves as teams strive towards cap compliance:

  • After signing a three-year, $26.25MM contract a year ago, guard Austin Corbett has agreed to a restructured deal with the Panthers, according to Panthers staff writer Darin Gantt. Corbett contributed to a much-improved offensive line this season, starting all 17 games before suffering a torn ACL in the team’s last game of the year. The 28-year-old is working towards a return spending every day at the facility in recovery. Yates of ESPN reports that the team converted $7.72MM, consisting of his base salary and a $1MM roster bonus, into a signing bonus, freeing up $5.79MM in cap space. Corbert now holds a 2023 salary of $1.08MM and a cap hit of $5.16MM.
  • Yates’s above report on Corbett also mentioned the Browns recent restructuring of wide receiver and return-specialist Jakeem Grant. Grant missed the 2022 season with a torn Achilles tendon after signing a three-year, $10MM contract in the offseason. The renegotiated deal for Grant reportedly reduces his cap hit by $1.77MM.
  • Eagles center Jason Kelce is currently headed towards free agency or, potentially, retirement. Still, since Philadelphia has a habit of building voidable years into contracts in an effort to lessen the salary cap burden of deals, the team found it necessary to decrease that financial burden that Kelce’s expiring contract has on their future. According to yet another report by Yates, the Eagles paid Kelce a $3MM bonus yesterday, consisting of his $2.75MM 2023 roster bonus and $250,000 2023 offseason bonus, to reduce his 2023 cap hit. The move reportedly cleared up around $2.4MM of cap space for Philadelphia next season.

Latest On Derek Carr

MARCH 5, 6:05PM: Fowler continued with the updates today, tweeting that, while New Orleans and Carolina remain in the conversation for Carr, the former Raiders quarterback “has a slight lean toward the Jets.” It’s unclear what New York’s main priority is, as they’ve been heavily connected to Rodgers, but Fowler reports that they’ve “made an impression” on Carr.

MARCH 5, 3:36PM: While New Orleans remains one of the top teams to watch on the Carr front, ESPN’s Jeremy Fowler notes that “at least” two others have inquired about the four-time Pro Bowler. The Jets and Panthers are in a different situation than the Saints, of course, but that trio could see increased competition in the coming days if more teams join the fray.

MARCH 4: Plenty of attention around the NFL is currently being paid to the 2023 class of quarterbacks in the upcoming draft. The top veteran passer currently on the market is certainly the subject of significant speculation and reporting as well, though.

Derek Carr has been connected to a number of teams since he was released by the Raiders. Those include the Jets, who view him as their backup plan to Aaron Rodgers, and the Saints, who are reportedly prepared to work out a deal with Carr at any time now. The Panthers could also be in the market for a veteran signal-caller, though they are positioned to be contenders for one of the top rookie QBs this year as well.

Carolina met Carr in person earlier this week at the combine. That signaled their interest in at least doing their due diligence at the position, though it also came not long after the team was reported to be unwilling to meet the $35MM-per-year contract the 31-year-old is said to be seeking. That did not represent the only contact between the Panthers and Carr.

The two parties spoke over the phone before the combine and will do so again this Monday, as detailed by ESPN’s David Newton. When speaking on the subject of a possible Carr deal, head coach Frank Reich indicated that he would view the four-time Pro Bowler has a long-term investment despite his age (especially compared to the possibility of drafting a signal-caller in the first round of April’s draft). The latter approach is nevertheless believed to be the Panthers’ preference, reports Cameron Wolfe of NFL Network (video link).

That could point Carr towards the Saints as his free agent process continues to take shape. On that point. Luke Johnson of the New Orleans Advocate tweets that Carr could sign with his new team before free agency begins, perhaps as early as this coming week. That sentiment is shared by Wolfe’s colleague Ian Rapoport (video link).

The Saints have plenty of work still to do in terms of becoming cap compliant, let alone carving out enough space to afford Carr on a market-value deal. Like the Panthers, however, they are in need of at least an intermediate-term upgrade under center, so their interest is unlikely to wane in the coming days. That timeline could see a final decision made on Carr’s part, which would represent the first major development in the 2023 quarterback market.