Per NFL Network's Ian Rapoport, the Saints won't have to pay Carr's $30 million guaranteed salary for the upcoming season and the club won't seek reimbursement for his $10 million roster and signing bonus that was paid in March.

Carr's retirement gives New Orleans a bit more wiggle room. According to Spotrac, Carr will carry a dead cap hit of $14.5 million in 2025. That figure will lead to $35.6 million in 2026. That's a marked difference from Carr's pre-retirement figures, which say at $20.4 million and $69.2 million, respectively, according to NOLA.com's Luke Johnson.

Saints and former Raiders quarterback Derek Carr announced on Saturday morning that he's retiring from the NFL after 11 seasons.