The New Orleans Saints are heading into a total rebuild under first-year head coach Kellen Moore. The first position up for debate as quarterback, and one insider believes the Saints have already identified their franchise guy.

Underhill noted there are still some contractual matters to resolve between the two sides. Carr is under contract through the 2026 season and is due to carry a cap hit of $51.4 million in 2025 and $61.4 million in '26. The Saints are in the worst financial position in the league, with an effective cap space of -$52.7 million, per Over the Cap.

Derek Carr's time with the New Orleans Saints has been underwhelming, prompting the team's general manager to reveal their plans for the veteran quarterback. When Derek Carr joined the New Orleans Saints in 2023,

Carr made it known in January that he won't accept a pay cut this offseason to give the Saints any financial relief.

New Orleans Saints general manager Mickey Loomis says he sees 11-year veteran quarterback Derek Carr as someone the Saints can win with and a player the club remains “excited about.”

The New Orleans Saints could be in for at least one more year of Derek Carr. As the Saints look to shed Carr's expensive contract, The Athletic's Zack Rosenblatt reported that the quarterback is "unlikely to garner any trade interest at this point,