Derek Carr

Saints “Ready” To Sign Derek Carr

Derek Carr has made it clear that he intends for his free agent process to be a lengthy one. For at least one of the teams he has met with, though, a quick ending would be preferred.

During an appearance on the Official Jets Podcast, ESPN’s Jeremy Fowler noted that the Saints are “ready” to sign Carr. He added that they “want to get something done” with Carr, illustrating how well the two meetings which have taken place between the parties have gone. New Orleans has long been connected to the 31-year-old, who is the top quarterback on the market at this time.

When a trade was thought to be a possibility, the Saints were reportedly in agreement with the Raiders on compensation after Carr’s first visit to New Orleans. The four-time Pro Bowler forced Vegas to release him, though, not as a sign of disinterest in the Saints but rather a means of allowing himself to hit the open market and leverage the best possible contract for the next chapter of his career. That move opened up the number of suitors interested in at least a short-term QB upgrade.

New Orleans faced a difficult cap situation last offseason, but general manager Mickey Loomis carved out enough space to make the team a serious contender for Deshaun Watson. After the latter was ultimately traded to the Browns, though, the Saints elected to use a pairing of Jameis Winston and Andy Dalton under center in 2023. Their collective performance left plenty to be desired, and it would come as no surprise if Carr or a similar veteran were brought in to solidify the position.

New Orleans has begun this year’s cap gymnastics, but they still have a long way to go. The Saints are currently more than $30MM over the cap, and not much is certain for them under center. Dalton is a pending free agent, and one year remains on Winston’s contract. Releasing the former first overall pick would yield $4.4MM in savings, a relatively modest amount but one which would nevertheless move the team closer to being able to afford the $35MM AAV Carr is believed to be seeking.

The Saints and Jets met with Carr not only last month, but during this week’s combine as well. Loomis and head coach Dennis Allen spoke positively about their sit-down, and their support of the potential of a deal taking shape. The Panthers, another team which could be a significant player in this year’s quarterback market, is also set to meet with Carr, though. Not surprisingly, Fowler adds that the former second-rounder is likely to remain patient in the name of setting up a bidding war for his services, especially if Aaron Rodgers and/or Lamar Jackson don’t end up becoming available.

Rodgers has routinely been connected to the Jets this offseason, and mutual interest exists between the AFC East outfit and Carr. They figure to face stiff competition from New Orleans in the Carr sweepstakes, though, as the QB landscape slowly starts to take shape.

Derek Carr To Meet With Teams At Combine

FEBRUARY 28: Providing more detail on Carr’s schedule, Rapoport tweets that at least three teams will speak with him at the Combine. That list includes the Jets and Saints (for what will be a second sit-down with Carr), but also the Panthers. Carolina is set to be in the market for a QB addition of some kind this offseason, with only Matt Corral and Jacob Eason currently under contract for 2023. It was reported last week, however, that the Panthers would not be willing to commit to Carr at the $35MM-per-season rate he is thought to be seeking. The success of his visit could change things, of course, though Carr will have several other suitors even if Carolina elects for less expensive QB options.

FEBRUARY 27: Derek Carr looks to be planning to check off more visits without logging extensive travel mileage. The free agent quarterback is headed to the Combine to meet with teams this week, Ian Rapoport of NFL.com notes (video link).

The 31-year-old passer has met with the Saints and Jets already, and while those teams look like the frontrunners thus far, others have checked in on where he stands presently. The Buccaneers, Commanders, Panthers and Titans have been connected to Carr thus far, though none of these teams have been tied as closely to the nine-year veteran compared to the two he has visited.

[RELATED: Mutual Interest Between Jets, Carr]

A deal that averages more than $35MM per year has come up in the Carr sweepstakes, but Rapoport adds lengthy talks about money have not entered the equation just yet. Carr is prioritizing fit for now. While money will undoubtedly be a key component in where he lands, the former MVP candidate will be unlikely to choose a team with poor competitive prospects. Mostly through the $25MM-per-year extension he inked with the Raiders in 2017, Carr has already banked more than $130MM in his career.

During Carr’s New York visit, Jets brass told the available arm they were monitoring other QBs — including Aaron Rodgers — and let him know where he stood related to the Green Bay icon, according to SI.com’s Albert Breer. With the Jets informing Carr they want to see how the latest Packers-Rodgers offseason saga plays out, this points to the team confirming a previous report of Carr being its second choice.

The Commanders hold a substantial lead in cap space, in terms of Carr suitors, sitting on more than $35MM after cutting Carson Wentz and Bobby McCain. A Daron Payne franchise tag will cut into this figure, and Washington is not believed to be seeking to dive deep into the QB salary pool this year. They certainly were last year, and it is interesting in a year in which Ron Rivera will be on the hot seat he could be willing to go with Sam Howell and/or a lower-priced veteran. The Bucs and Panthers are believed to be in the same boat, and the Saints, despite their restructure-happy ways, still have a long ways to go on this front.

If this lot of teams is unwilling to pay franchise-level money for Carr, it would stand to reason the Jets might be able to land the longtime Raider at a lower-than-expected cost. A clearer picture of where Carr’s market stands will emerge in Indianapolis.

Derek Carr Aiming For $35MM-Plus Per Year; Panthers View Price As Too Steep?

The Raiders released Derek Carr nearly two weeks ago, and while the veteran quarterback has visited the Saints and Jets thus far, he remains a free agent. Carr is clearly not in a rush to land with a second NFL employer, and a price point has emerged.

Carr’s third Raiders contract paid him just more than $40MM per year, but its construction led to it being a one-year agreement. For his fourth NFL deal, Carr is not demanding it match the AAV the Raiders authorized last year. But Carr is aiming for a contract north of $35MM annually, Dianna Russini of ESPN.com notes (Twitter link).

Last year’s Raiders-Carr agreement also gave him a head-start on free agency, via the guarantee vesting date coming exactly a month before the market opens. But Carr is willing to wait for a team to meet his asking price; he does not need to be the first QB to sign this offseason, per Russini. It would seemingly behoove Carr to sign early, before free agency begins to dramatically alter teams’ budgets. But Daniel Jones signing soon could also strengthen Carr’s stance.

The Giants are not expected to be in play for non-Jones QBs, but the free agent-to-be is asking for a contract at or near the $45MM-per-year mark. Given the gap in accomplishments between Jones and Carr, the Giants giving their 25-year-old QB a deal in the $40MM-AAV range would seem to bolster the latter’s value. Carr is 31, which impacts his stock compared to Jones’, but be should have at least a few more prime years to factor into his negotiations.

No quarterbacks currently sit between the $35MM and $40MM AAV thresholds. Carr and Jones may end up bridging that gap, though it will be interesting to see if the latter stands down and accepts an offer closer to the Giants’ price point than his own. Carr also has the luxury of negotiating with multiple teams; Jones will not, as the Giants plan to use the franchise tag on him absent an extension agreement by March 7. Carr has engaged in talks with teams beyond the Jets and Saints, though those are the big two at the moment. And not much has come out connecting Carr to the Saints since he became a street free agent.

The Jets’ wish list does not appear to have changed. Although mutual interest exists between the Jets and Carr, the team is still waiting on Aaron Rodgers. The four-time MVP, post-darkness retreat, has not alerted the Packers if he wants to retire, return or be traded. An explosive report of the Packers being done with Rodgers certainly caught interested teams’ attention, and an AFC suitor moving on Carr early may not make much sense — unless it was certain Rodgers was off the table or sought a younger arm. The Jets have made no secret they are chasing a veteran, but it does not seem to matter if they acquire a 39-year-old passer or Carr, who will turn 32 this offseason.

Although the Saints are making their usual February cap maneuvers, it will be a challenge for the team to fit the kind of contract Carr seeks on their payroll. The Commanders are not believed to be as eager to pay up for a quarterback as they were last year; Ron Rivera said major funds are unlikely to be used on a QB. Thanks to Tom Brady‘s $35.1MM void-years bill coming due, the Bucs are unlikely to wade into the QB market’s deep waters, either. The Panthers also might not be eyeing such a move. They are interested in Carr to a degree, but David Newton of ESPN.com notes the team is believed to view this price as too steep. Carolina is more likely to re-sign Sam Darnold, or add a similarly priced passer, and further bolster the position in the draft than pay up for Carr.

This growing collection of cautious spenders would not bode well for Carr, who still may be waiting out Rodgers’ decision as far as the Jets are concerned. The rest of the quarterback market will be free to speak with other teams beginning March 13, but the Carr domino should still be expected to fall before that date.

Mutual Interest Between Jets, Derek Carr

With the window for franchise tags opening today, the offseason has hit an important milestone in the build-up to free agency. One prominent name is already on the market, of course, and has a central role to play in this offseason’s quarterback market.

Derek Carr met with the Jets over the weekend, marking his second official visit to a potential new team and first as a free agent. Prior to his release from the Raiders, he visited the Saints, the only team which came to an agreement with Vegas on the matter of trade compensation. His New York sit-down produced positive results, and lends itself to further connections between the two.

Carr’s visit with the Jets was “very positive,” ESPN’s Jeff Darlington noted during a Get Up appearance (Twitter link via Heavy.com’s Paul Esden). Adding further to that sentiment, Mike Garafolo of NFL Network tweets that the summit led to “rave reviews” on both sides, and that interest exists between both team and player with respect to a deal materializing at some point. There remains plenty to be determined before Carr lands in his new NFL home, though.

Confirming what many had expected upon his release, Carr’s brother David said on NFL Total Access that the four-time Pro Bowler will be patient and thorough in his free agent visits. “It’s gonna be a long process,” the elder Carr said, via NFL.com’s Grant Gordon“He wants to do his due diligence and see as many places as he can to get a feel for what the best place for him will be.”

Carr has the advantage of being able to sign at any time, as opposed to other pending free agents only being eligible to do after the new league year begins in March. He will likely have plenty of suitors, considering the interest reportedly shown by not only the Saints and Jets, but also the Commanders, Titans and Panthers once it became clear that Carr’s tenure with the Raiders was coming to an end. As arguably the top quarterback soon to be on the move — depending on what the future holds for top Jets target Aaron Rodgers– Carr would be well-suited to weigh all his options before signing anywhere.

The Jets are still waiting on Rodgers, post-darkness, to inform the Packers of his plans, Dianna Russini of ESPN.com tweets, adding the AFC East team would be prepared to speak with Green Bay about its future Hall of Fame quarterback. A weekend report indicated the Packers have soured on Rodgers, opening the door to this third round of offseason trade rumors being the most legitimate.

The manner in which his time in the Silver and Black came to an end (which included him leaving the team upon being benched for the final two weeks of the season) has led some to wonder if Carr could be a poor fit from a personality standpoint. As Connor Hughes of SNY notes, though, the 31-year-old “completely erased” any doubts on that front (video link). With more likely to be known with respect to Rodgers’ intentions soon, it may take a number of weeks before Carr arrives at a decision. Nevertheless, signs continue to point to the Big Apple as a logical landing spot for him.

Jets To Meet With QB Derek Carr

Derek Carr already met with the Saints, after the Raiders granted permission, but the Jets will be his first free agent visit. Carr is set to meet with the Jets this weekend, Mike Garafolo of NFL.com tweets.

The Jets have been linked to Carr for weeks now, and their potential either/or quandary will not deter them from a meeting. The Jets have been linked to Aaron Rodgers and Carr, and the team has done early work on Jimmy Garoppolo. Carr, however, is available now. With interest from several teams expected, the Jets will face a decision. The meeting will begin Friday night, Albert Breer of SI.com tweets.

The Saints, Commanders, Titans and Panthers are all believed to have some level of interest in Carr. The Saints having established a trade framework with the Raiders displays their level of interest, but Carr may go through multiple meetings before making a decision. Carr, 31, is going into his 10th NFL season; he refused to waive his no-trade clause and forced a release before a $40.4MM guarantee hit the Raiders’ books.

Following Zach Wilson‘s disastrous 2022 season, the Jets have made no secret of a desire to seek a veteran upgrade. Woody Johnson said he would be willing to shell out a veteran contract, while Robert Saleh confirmed the team’s interest in acquiring an experienced arm. The team pursued Kirk Cousins in 2018, but after the Vikings won out, the team drafted Sam Darnold. The Jets have primarily given their QB keys to first- or second-round picks over the past decade and change, going from Mark Sanchez to Geno Smith to — after multiple Ryan Fitzpatrick bridge seasons — Darnold and then Wilson. But the team with the league’s longest active playoff drought has pivoted, aiming to land a passer to complement a vastly improved defense.

With the Raiders only agreeing to let Carr meet with the Saints, it can be assumed no other team was willing to trade anything of note for the nine-year starter. Though, the Jets did reach out to the Raiders on Carr prior to his release, Albert Breer of SI.com tweets. The Jets reside in the middle of the pack in terms of cap space, sitting less than a million over the cap as of Friday afternoon. If the Saints are their primary competition, that is an important number to note. The Saints’ annual February cap crisis has produced a $55MM-over figure.

QBR still slotted Carr 14th — a slight drop from his recent years’ work — last season, but his completion percentage and yards per attempt dropped noticeably under Josh McDaniels in 2022. Carr completed 60.8% of his throws (down from 68.4 in 2021) on 7.0 per pass (down from 7.7 in 2021 and 7.9 figures in 2019 and ’20), though he spent chunks of the season without Darren Waller and Hunter Renfrow. Davante Adams‘ arrival produced more big production from the ex-Packer, but the Raiders’ performance led Carr out of town. Given Wilson’s play and Mike White‘s inability to stay healthy, Carr would provide a considerable upgrade. White is also a free agent-to-be.

The Jets hired Nathaniel Hackett as offensive coordinator, adding fuel to the Rodgers speculation. They also hired ex-Raiders OC Todd Downing, who was also Carr’s former QBs coach in Oakland, as their pass-game coordinator. The two remain close. The Jets have reached out to the Packers about Rodgers’ availability; that timing probably connects to Carr’s free agency. The Jets knowing if Rodgers is available will undoubtedly impact their decision with Carr, though the free agent quarterback will obviously make the final decision. Garoppolo would represent a Rodgers fallback option, but Carr has offered a higher ceiling and more reliability compared to the injury-prone 49er.

Garoppolo, also 31, will be available with the rest of the UFAs on March 13, when the legal tampering period begins. Rodgers may not be available for months, considering how much easier it will be for the Packers, cap-wise, if they trade him after June 1.

The Jets acquired Brett Favre well into the summer in 2008, ahead of his age-39 season. As was the case with Favre, the Packers would prefer to move Rodgers to the AFC. Carr is eight years younger than Rodgers, who turned 39 in December. Whomever Gang Green convinces to play quarterback in 2023 will have reigning Offensive Rookie of the Year Garrett Wilson, Elijah Moore and Corey Davis to target. Promising running back Breece Hall is also expected to return from his ACL tear, giving the Jets an intriguing setup — assuming they can make their desired upgrade at quarterback.

Raiders To Release Derek Carr

FEBRUARY 14: The Raiders officially released Carr, Adam Schefter of ESPN.com tweets. Carr will hit the market a month before free agency, allowing him to determine his 2023 plans weeks ahead of his free agent QB peers. The Raiders save $29.3MM in cap space by making this move.

FEBRUARY 13: With the Super Bowl in the rearview mirror, Derek Carr‘s guarantee vesting date is fast approaching. The Raiders do not plan to wait until the deadline. They will release their longtime starting quarterback Tuesday, Ian Rapoport of NFL.com reports (video link).

The Raiders would have until 3pm CT Wednesday to find a Carr trade partner, but the veteran passer has already indicated he will not waive his no-trade clause. That leaves the Raiders with little choice here, given their actions to this point. They will cut Carr to avoid paying the $40.4MM guarantee.

This unique free agency derby will feature a few teams. The Saints, whom Albert Breer of SI.com notes are the only team to send the Raiders a Carr trade offer, will be one. The Jets are believed to view Carr as an Aaron Rodgers backup plan, while Rapoport notes the Panthers, Titans and perhaps others will be in the mix.

Tuesday’s transaction will not only end this unusual divorce and spur a fascinating pursuit — one that will put teams to decisions on going after Carr now or waiting for other options later — but it will also wrap the Raiders’ longest-running partnership with a starting quarterback. Although Ken Stabler was a Raider longer than Carr, the Hall of Famer did not begin his run as a full-time starter until his sixth season (1973). The Raiders needed Carr from the jump, plugging him into the lineup in Week 1 of his rookie season. Carr ended up starting 142 games as a Raider, but the team stopped that streak abruptly with a benching ahead of its Week 17 game last season.

The Raiders, who will only be hit with $5.6MM in dead money by this release, gauged Carr’s fit in Josh McDaniels‘ offense via their three-year extension agreement. But that deal’s escape hatch — the Feb. 15 guarantee vesting date — will trigger Las Vegas’ quarterback search. Carr constantly landed in trade rumors under previous regimes, but the Raiders held onto him through the Jack Del Rio and Jon Gruden‘s stays. The Raiders did not have much luck at quarterback in the years immediately before taking Carr in the 2014 second round, with the Carson Palmer and JaMarcus Russell moves in particular costing the team dearly. But McDaniels and GM Dave Ziegler will replace Carr this year.

Carr, 32 in March, could have been a potential chip at last year’s trade deadline, but The Athletic’s Vic Tafur notes (subscription required) the Raiders were not ready to pull the plug at that point. Even after a 24-0 loss to the Saints, the Raiders hoped Carr and McDaniels would mesh down the stretch. The 2-5 team stayed the course, but late in a season that saw Darren Waller and Hunter Renfrow sidelined for extended stretches, the Silver and Black showed their cards with the benching. Davante Adams has said he remains committed to the Raiders, despite Carr driving him to seek out Vegas as a destination last year.

Carr and his wife trekked to New Orleans for a Raiders-approved visit — the only meeting the team permitted — and the summit lasted two days. Carr wanted to meet with every interested team, per Tafur, but the Raiders worried the 10th-year veteran would use those summits to work out a free agency agreement. Now, instead of Carr following the Matthew Stafford or Alex Smith winter trade paths, he will be a free agent. Connections to a host of teams are sure to follow.

The Raiders wanted a third-round pick. It is unclear if the Saints offered that, but they will have a chance to woo Carr on the market. New Orleans would need to backload a Carr contract, being nearly $60MM over the cap. While February cap gymnastics are old hat for GM Mickey Loomis, the Saints appear set to enter a competitive chase for a free agent quarterback for the first time since they signed Drew Brees in 2006. New Orleans, which waded deep into the Deshaun Watson trade sweepstakes last year, is unlikely to retain Jameis Winston and has not been aggressive in attempting to re-sign Andy Dalton. Carr appears the target, though he will be for other teams as well.

The Jets’ recent inquiry about Rodgers’ availability makes sense, with Carr about to hit the market. New York’s might be the most intriguing decision: go after Carr now or risk striking out on Rodgers. Jimmy Garoppolo also looms as a later potential Rodgers consolation prize — for both the Jets and Raiders — and the Titans’ involvement here points to Ryan Tannehill being available as well.

The Titans have used Tannehill as their primary starter for the past four seasons, and while the team promoted OC Tim Kelly, a Carr chase makes Tannehill’s Tennessee status tenuous. The Titans can save $27MM by designating Tannehill as a post-June 1 cut. A past restructure would make a standard Tannehill release more costly for the AFC South franchise. Even though the Titans kept Tannehill in the loop regarding Kelly’s hire, per Titans.com’s Jim Wyatt, one season remains on his contract.

Carolina has sought a long-term QB answer since cutting Cam Newton in 2020. But the Teddy Bridgewater, Sam Darnold and Baker Mayfield efforts fell short of expectations. Frank Reich went through a few veterans in Indianapolis as well, which would make the Panthers diving back into the veteran market interesting. The Panthers hold the No. 9 overall pick, putting them in play for a quarterback pick or a trade-up maneuver. A Carr acquisition would presumably prevent either. Carolina looks to be a second-tier suitor here, per David Newton of ESPN.com, who notes the Panthers could be interested if the price drops below its expected point (Twitter link).

Latest On Aaron Rodgers’ Timeframe; Jets To Aggressively Pursue Rodgers

6:05pm: In a move which comes as no surprise at all given previous reporting on the matter, Fowler tweets that the Jets have indeed “inquired” about Rodgers’ availability. The answer to that question will, of course, be dictated by his decision regarding his intention of playing in 2023, but if a trade becomes possible, the Jets will be the team to watch.

8:10am: For Packers quarterback Aaron Rodgers, all options remain on the table: he may return to the Packers in 2023, he may ask to be traded, or he may retire. The 39-year-old said during his appearance on The Pat McAfee Show this past week that he will contemplate his future during a four-day, four-night “darkness retreat,” which will commence after today’s Super Bowl (via Rob Demovsky of ESPN.com).

Rodgers said he will retreat to a small house in an undisclosed location, and his only contact with the outside world will come when his meals are delivered. While recent reports have suggested that Rodgers will play in 2023 rather than walk away from an eye-popping amount of money, Rodgers told McAfee that retirement is a very real possibility.

“For sure; it’s a real thing, 100 percent,” Rodgers said. “That’s why it’s going to be important to get through this week and to take my isolation retreat and just to be able to contemplate all things my future and then be able to make a decision that I think is best for me moving forward and in the highest interest of my happiness and then move forward.”

The implication here is that Rodgers will alert the Packers of his decision shortly after his retreat, though team president Mark Murphy confirms that there is no deadline at this point (video link via ESPN’s Dianna Russini). Murphy acknowledged that the club would like an answer sooner rather than later, and he expects to have clarity on the matter no later than the opening of free agency on March 15.

Several Packers sources tell Connor Hughes of SNY.tv (video link) that they expect Rodgers to return to Green Bay. However, Hughes and the NFL.com duo of Ian Rapoport and Tom Pelissero report that, no matter what the four-time MVP wants to do, the Packers will accommodate his wishes.

That means, of course, that if Rodgers decides he wants to play for another team — which may actually be Green Bay’s preference — the Packers will work with him to make that happen (though Rodgers would need to first agree to a reworked contract in order to allow a trade to be consummated). While Green Bay reportedly will not deal its franchise icon to an NFC club, there will nonetheless be multiple suitors.

The Jets and Raiders have already been linked to Rodgers in various reports, and ESPN’s Jeremy Fowler says he is “more convinced than ever” that New York will aggressively pursue Rodgers (subscription required). The Jets believe that they are close to contention, and they have locked in on Rodgers as Plan A. Only if a Rodgers pursuit is unsuccessful will the team pivot to Derek Carr, whom Fowler says is Gang Green’s No. 2 choice.

Derek Carr Will Veto Potential Trades; QB Expected To Be Released

As Derek Carr moves another day closer to finding out his future with the Raiders, he has reportedly sent a clear message to his current employer. The quarterback will not accept a trade to the Saints or any other interested team, per Ian Rapoport of NFL Network (Twitter link).

As a result, Rapoport notes, the Raiders will be left with no other option but to release him in the coming days. Carr has over $40MM in guaranteed money set to vest this week, and with Vegas having moved on from him, a trade represented their only way of receiving compensation while relieving themselves of that financial obligation. Carr has a no-trade clause, however, which gave him control of the situation at all times in this process, something which he has clearly used.

The Raiders prevented the 31-year-old from negotiating with potential new teams until trade compensation had been agreed upon. That made it noteworthy when they allowed him to visit the Saints this past week, with a subsequent report indicating the two teams had an agreement in place. Rapoport’s colleague Tom Pelissero tweets that it was Carr’s contract which stood in the way of a deal being finalized to send him to the NFC South.

A report emerged over the weekend that Vegas’ asking price was a third-round pick. The Saints could have easily met that request, given their current allotment of selections in this year’s draft, but they find themselves in dire straights from a financial standpoint. New Orleans is more than $60MM over the cap at the moment, so acquiring Carr via trade would have added considerably to the salary cap gymnastics general manager Mickey Loomis has become known for in recent years.

Carr has a scheduled cap hit of $34.9MM in 2023, and two more years on his existing contract with hits over $43MM. Given the absence of guarantees on the pact (at the moment), however, the Raiders would see more than $29MM in savings by releasing Carr in the immediate future. Designating him as a post-June 1 cut would see that figure grow to $33MM weighed against comparably small dead cap charges.

Of course, this news in no way precludes the Saints from still ultimately landing Carr as a free agent. The four-time Pro Bowler will be free to sign anywhere immediately following his release, as opposed to players who can only negotiate prior to the start of the new league year in mid-March. New Orleans should be in the market for a new signal-caller after the production seen in 2022 from veterans Andy Dalton and Jameis Winston. Carr will certainly have other suitors as well, however.

The former second-rounder had a down year this past season, the first with head coach Josh McDaniels and general manager Dave Ziegler at the helm. Still, he will headline a QB market which may or may not see the likes of Lamar Jackson, Aaron Rodgers, Jimmy Garoppolo, Daniel Jones and Geno Smith be on the move through trades or free agent deals. The Jets are widely understood to be all-in on Rodgers, but they are reportedly prepared to target Carr as a secondary option.

The value of a deal Carr is able to land on the open market will no doubt be linked to the perceived availability of those other passers. Still, with his release imminent, it likely won’t be long until he has found his next NFL home.

Latest On Potential Derek Carr Trade

Tomorrow’s Super Bowl has obviously been the league’s top storyline in recent days, but the future of Derek Carr has generated plenty of interest as well. The Raiders quarterback is close to having more than $40MM in guaranteed money vest, meaning clarity could emerge soon.

[RELATED: Saints Viewed As Carr Frontrunners]

Vegas allowed Carr, 31, to visit the Saints this week, having previously prevented him from meeting with teams which had yet to agree on trade compensation. The fact that New Orleans hosted Carr meant that at least the framework of a deal has been agreed upon. More details have emerged on that front.

ESPN’s Jeremy Fowler reports that the Raiders are seeking a third-round pick in exchange for Carr. Such a selection has been seen in plenty of high-profile QB trades in recent years, but Fowler is likely accurate in calling the ask a “modest” one. Of course, Carr has significant leverage in this situation by holding a no-trade clause and thus having the ability to force the Raiders to release him in the coming days and sign with the Saints (or any other potential suitor, of which there would be several) as a free agent.

New Orleans once again holds a first-round pick via the Sean Payton trade, but also the 41st and 72nd overall selections in this year’s draft. The latter would be headed Vegas’ way if previous reporting on terms being agreed upon holds true. The other complicating factor in this situation, though, is of course Carr’s contract and the Saints’ current financial situation.

New Orleans is more than $60MM over the 2023 salary cap ceiling, leaving them with more cost-cutting to do than any other team around the NFL before the new league year begins in mid-March. Carr has a scheduled cap hit of $34.9MM in 2023, and $7MM of his 2024 salary will become guaranteed this week barring a restructure. As Fowler and colleague Dan Graziano note, unsurprisingly, the Saints would be keenly interested in lowering Carr’s financial cost upon acquisition, but that the four-time Pro Bowler has no need (at least at this point) to agree to do so.

Carr would likely provide an upgrade under center to the Saints compared to their 2022 setup of Andy Dalton and Jameis Winston. The Raiders, meanwhile, have made it clear they are prepared to move on to a new era at the position, leaving attention squarely placed on Carr himself as he weighs his options.

Saints Viewed As Derek Carr Frontrunners

6:03pm: Carr concluded his visit, Sean Fazende of FOX 8 tweets. The ball remains in the 31-year-old quarterback’s court. If Carr is willing to waive his no-trade clause, the Raiders and Saints will have the green light to finalize trade terms. If not, free agency looks like the next step here.

5:33pm: Derek Carr remains in New Orleans for a second day of this Raiders-approved visit. After the Carr-Saints meeting wrapped at around 10:30pm Wednesday, Nick Underhill of NewOrleans.football notes (via Twitter) the meeting has continued today.

Dennis Allen and Saints brass went to dinner with Carr on Wednesday night, per NFL.com’s Ian Rapoport, who adds New Orleans is viewed as the frontrunner to land the nine-year veteran (video link). The Raiders and Saints have not agreed completely on terms, but Tom Pelissero of NFL.com tweets the framework of an agreement is in place.

Initially, the Raiders were not prepared to allow Carr to speak with any team that had not agreed on trade terms. By broadening that baseline to suitors who are in the ballpark of Las Vegas’ preferred compensation, a visit came to pass. Carr wields a no-trade clause, giving him the ability to nix a Raiders-Saints agreement and move closer to free agency. No deal is expected to be finalized Thursday, Rapoport adds.

Six days remain until Carr’s $40.4MM guarantee vests. The Raiders will not pay their longtime quarterback that money, which will lead to a trade or release. The Saints, whose Carr interest generated buzz at the Senior Bowl, are almost the de facto frontrunners here. No other team having been granted permission to speak with Carr. Raiders potential concerns about Carr’s agent using talks to gauge free agency interest helped lead to the narrow parameters on a visit. Even though Carr has only spoken with the Saints, other teams have looked into this early free agency sweepstakes.

The Commanders and Jets were mentioned as suitors late last month, and the Jets are examining Carr. The Commanders are taking a somewhat unexpected offseason course, at least compared to how they have proceeded in recent offseasons. Expected to shed $26MM-plus by releasing Carson Wentz, Washington is planning to give Sam Howell a long look as a potential starter. The team is still monitoring veterans, but not to the degree it did in 2022. Commanders connections to just about every potentially available vet sprang up last year, leading to the Wentz swap. Despite Howell being a fifth-round pick and making on appearance as a rookie, he appears to have a decent chance to be Washington’s 2023 starter.

Expected to dive far deeper into the veteran QB pool, the Jets will need to determine if they want to pursue Carr now or wait for the likes of Aaron Rodgers, Jimmy Garoppolo or another potentially available arm after this February Carr chase wraps up. The Raiders have also been connected to Garoppolo and Rodgers, raising the stakes for a Jets team that has been tied to vet QBs for weeks.

New Orleans has Jameis Winston under contract through 2023, but after benching Drew Brees‘ initial successor, the Saints should not be expected to retain him. Not when they are $60MM over the cap. As of mid-January, no Andy Dalton talks had occurred either. While the Saints did obtain a first-round pick from the Broncos in the Sean Payton trade, that pick sits at No. 29 overall. This draft’s top four QBs will likely be gone by that point, and a veteran would seem to complement the Saints’ experienced roster better anyway.