Carr was set to earn $30 million in 2025 and had two years remaining on the four-year, $150 million deal he signed in 2023. He will take home a $10 million roster bonus. Since joining the league as a second-round pick in 2024, Carr accumulated under $196 million in career earnings.

QB Derek Carr expressed that part of his decision to retire was that he didn't want to "just take" the New Orleans Saints' money.

Derek Carr Further Explains Retirement Decision From New Orleans Saints originally appeared on Athlon Sports. We can now officially say 'former' New Orleans Saints quarterback Derek Carr. After surprisingly announcing his retirement in early May after 11 NFL seasons and 2 with New Orleans, Carr's retirement became official on June 2.