Derek Carr is officially retired.

The New Orleans Saints placed Carr on the NFL's reserve/retired list Tuesday, finalizing his retirement after the quarterback announced last month he was stepping away from the sport because of a shoulder injury. New Orleans waited to put the 34-year-old on the list until June in part because of the salary cap ramifications that came with the move.

Carr's retirement, according to Spotrac, leaves dead cap hits of nearly $14.5 million in 2025 and $35.7 million in 2026. But as part of hanging it up, Carr agreed to pay back his $30 million salary for next season — which helps the Saints in the long run. Prior to his retirement, Carr's cap hits were $20.4 million in 2025 and $69.2 million in 2026.

Before his retirement, New Orleans had restructured Carr's c

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