Derek Carr signing 4-year free agent contract with New Orleans Saints

There it is: the New Orleans Saints have reached an agreement with free agent quarterback Derek Carr on a multiyear contract to bring him to the black and gold. NFL Network’s Ian Rapoport reports that it is a four-year deal though the per-year average remains unclear, and ESPN’s Dianna Russini was the first to report that Carr is signing on the dotted line. We’ll get a better idea of the overall contract value and structure in the hours ahead.

Either way, it’s going to be expensive. Even mediocre starting quarterbacks are getting more than $30 million per year. At the end of the day, the Saints have a plan to fit Carr under the salary cap and remain competitive. We’ll just have to wait and see whether they can fulfill their vision.

More 2023 free agency!

Saints 'closing in' on free agent contract with Derek Carr

Saints salary cap space update after restructuring Demario Davis and Taysom Hill

Report: Derek Carr 'has a slight lean towards' signing with Jets over Saints

Story originally appeared on Saints Wire