After one of the most stable QB periods in NFL history, the Saints spent the past two seasons on a lower tier. While the Saints’ post-Drew Brees run of quarterbacks did not receive the attention the Broncos’ batch of failed Peyton Manning successor efforts did, New Orleans immediately regressed to a midlevel operation once Brees retired. The team’s 2023 offseason featured relevant non-QB moves, but the clear centerpiece transaction came just before the free agent market opened.
Free agency additions:
- Derek Carr, QB: Four years, $150MM ($60MM guaranteed)
- Nathan Shepherd, DT: Three years, $15.1MM ($10.18MM guaranteed)
- Jamaal Williams, RB: Three years, $12MM ($8.15MM guaranteed)
- Foster Moreau, TE: Three years, $12.23MM ($8MM guaranteed)
- Khalen Saunders, DT: Three years, $12.3MM ($4.6MM guaranteed)
- Jimmy Graham, TE: One year, $1.3MM ($153K guaranteed)
- Trai Turner, G: One year, $1.32MM ($153K guaranteed)
- Lonnie Johnson, DB: One year, $1.23MM
- Max Garcia, G: One year, $1.17MM
- Jesse James, TE: One year, $1.17MM
- Johnathan Abram, S: One year, $1.16MM
- Bryan Edwards, WR: One year, $1.1MM
- Storm Norton, T: One year, $1.1MM
- Kyle Phillips, DL: One year, $1.1MM
- Jaylon Smith, LB: One year, $1.1MM
- Darrel Williams, RB: One year, $1.1MM
- Lynn Bowden, WR: One year, $870K
- Tommy Kraemer, OL: One year, $870K
Jameis Winston‘s October 2021 ACL led to the Saints starting four quarterbacks (Winston, Trevor Siemian, Taysom Hill, Ian Book) during a 9-8 season. Andy Dalton then replaced Winston in October 2022. Not long after the Raiders publicly ended Carr’s nine-season starter run ahead of their Week 17 game — which led to the former second-round find leaving the team early, as Jarrett Stidham replaced him — the Saints put pieces in place for a big-ticket signing. As GM Mickey Loomis went through his usual round of winter restructures, the Saints became the only team to seriously negotiate a trade with the Raiders.
The Raiders gave Carr permission to speak with other teams, and an early-February trip to New Orleans ensued. But Carr ended up wielding the no-trade clause the Raiders gave him as part of their April 2022 extension. The veteran passer refused a trade, forcing the Raiders to release him before a $40MM guarantee vested Feb. 15. The Saints, who had agreed with the Raiders on trade compensation, then needed to compete with other teams on the open market. While Carr met with the Panthers and Jets at the Combine, both teams clearly slotted him as a Plan B.
The Panthers were negotiating with the Bears about a trade to acquire the No. 1 overall pick. The Jets made no secret of Carr being their Aaron Rodgers backup plan. Carr did visit the Jets, who had hired ex-Raiders OC Todd Downing as QBs coach. This meeting came before Rodgers determined he would play a 19th season and before he signed off on becoming a Jet. Without assurances, the Jets bowed out, leading to the Saints agreement. It later came out Carr felt “far more comfortable” with the Saints, who were not courting Rodgers, compared to the Jets. The Saints landed their top QB choice, paying up to do so.
Agreed to more than a week before the UFA market opened, Carr’s contract includes $60MM guaranteed. That is more money at signing compared to his final Raiders deal and more than double what Geno Smith received from the Seahawks. The recently cut QB’s decision to pass on a trade paid off. The four-year contract includes a practical guarantee of $70MM; a $10MM Carr 2025 injury guarantee will shift to a full guarantee in March 2024. The $70MM approaches the territory the Giants needed to go to for Daniel Jones ($81MM fully guaranteed). Carr’s remaining 2025 money ($30MM) will become guaranteed if he is on New Orleans’ roster in March 2025, setting this agreement up as a two-year audition. Due to a nonguaranteed $50MM base salary in 2026, Carr will almost definitely not play out this contract. But if the 32-year-old passer plays well, it is easy to see he and the Saints agreeing on another contract before that point.
This AAV does not match Carr’s 2022 Raiders re-up, but that deal giving the Silver and Black an early escape hatch did not provide much security. The Saints accord puts Carr back on track; he will have a chance to compete a division that looks much less imposing compared to what the Raiders are facing. Whereas the Raiders gave up on Carr, they will roll the dice with the injury-prone Jimmy Garoppolo. In Carr, the Saints have a player who has only missed three career games (plus a 2016 wild-card tilt) due to injury. While paying Andy Dalton $3MM is more cost-effective than giving Carr $70MM guaranteed, the Saints felt they needed to take a swing after they saw their long-dependable QB situation deteriorate over the past two seasons.
Familiarity exists here. Dennis Allen was with the Raiders when they drafted Carr in 2014, though he was fired early that season. The Saints also brought in four-year Carr HC Jon Gruden as a consultant. The team also added ex-Raiders Moreau and Edwards. Finishing third in the 2016 MVP voting, Carr fell off that level in 2017. Thanks to the Raiders’ Antonio Brown and Tyrell Williams bets busting (an understatement) and then Henry Ruggs being released after his DUI manslaughter charge, Carr did not have much help at receiver under Gruden. But he finished with a top-11 QBR in 2019 and ’20, before piloting the Raiders to the playoffs in 2021. Carr’s QBR checked in at 14th — seven spots ahead of Dalton — last season. Carr’s completion percentage (60.8) and yards per attempt (6.7) numbers cratered under Josh McDaniels, despite Davante Adams‘ arrival.
While it is debatable Garoppolo is an upgrade on Carr and worth wondering if the ex-Raider is worth this guarantee for the Saints, Las Vegas’ decision to cut the Carr cord will have longstanding ramifications for two franchises. As a result of the Carr contract, the Saints did not authorize any other splash deals this offseason. But the team did hand out a few lower-middle-class contracts of note.
Holding in-season workouts and trying a few players as Kamara insurance in 2022, the Saints operated with more intent at running back this spring. Expecting the long-rumored Kamara suspension to be handed down this year, New Orleans added Williams, who will take an AAV discount despite coming off his best season. The fiery back overtook D’Andre Swift as the Lions’ primary runner, blazing to an NFL-high 17 rushing TDs last season. Never gaining more than 601 rushing yards in a season previously, the ex-Packers draftee finished with 1,066 last year. After the Lions gave Williams a two-year, $12MM contract in 2021, he settled for a $4MM AAV this year. Citing disrespect in the Lions’ offer — one featuring similar terms to David Montgomery‘s three-year, $18MM deal — Williams joined the Saints. He is positioned to be the team’s September starter and should have a regular role once Kamara returns.
Losing David Onyemata early during the legal tampering period, the Saints completed an overhaul of their defensive tackle contingent. Before drafting Bryan Bresee in Round 1, New Orleans added Saunders and Shepherd on the same day in free agency. Onyemata signed a three-year, $35MM Falcons contract. With Carr on the books, the Saints passed on that D-tackle salary range by signing two players whose AAVs do not add up to Onyemata’s.
Bresee will be expected to move into New Orleans’ starting lineup soon — probably this season — but Saunders and Shepherd reside there now. Each former third-round pick worked most recently as a rotational D-tackle. Shepherd, 29, never cracked the Jets’ lineup on a full-time basis, but the Robert Saleh regime retained the Division II alum and used him on 400-plus defensive snaps in each of the past two seasons. Saunders, 27, has not started a game since 2020. He recorded a career-high 3.5 sacks with the Chiefs last season, finishing his rookie contract with backup roles on two Super Bowl-winning teams.
For name value, the Saints made some considerable strides at tight end. Jesse James is a veteran who, in addition to being associated with one of this era’s most controversial plays, has eight years’ experience. With Moreau, Juwan Johnson and Taysom Hill in place, James is far from a lock to be on the team. Graham should have a better chance, though his summer arrival was certainly more surprising.
Graham spent last season out of football, having played out a two-year Bears contract. He sought a deal to return to the Saints. At 36, the one-time hoops-to-gridiron sensation is far past his prime. Graham appeared on a Hall of Fame trajectory the last time he donned a Saints uniform, but his Canton pace slowed with the Seahawks, Packers and Bears. Graham delivered dominant work during his four-year run as the Saints’ top tight end, catching 51 of his 85 career touchdown receptions. Even after the 2015 trade for a first-round pick and Max Unger, Graham excelled as a red zone threat. He totaled eight TD grabs in 2020. Graham’s guarantees present this contract as a last-chance flier, but this was easily one of the most surprising signings of the year.
Perhaps more surprising: Moreau going from a cancer diagnosis in March to a $12MM contract in May. Moreau’s Saints visit led to the Hodgkin’s lymphoma discovery, but the New Orleans native stayed in touch with the team as he received treatment. By July, Moreau was in full remission. He rejoins Carr to help a deep tight end corps. The Raiders attempted to re-sign Moreau, but they moved on (via Austin Hooper and second-rounder Michael Mayer) in the weeks after the LSU alum’s diagnosis. Darren Waller running into injury trouble over the past two years opened the door for Moreau, who tallied 793 receiving yards and five TDs in that span.
Trades:
- Traded former HC Sean Payton‘s rights and a 2024 third-round pick to Broncos for 2023 first-rounder, 2024 second
- Sent TE Adam Trautman and a 2023 seventh-rounder to Broncos for 2023 sixth
Rumors about Payton returning to his old job ended up quickly squashed, with the Saints committing to Dennis Allen for a second season. This set the one-year FOX analyst on a tour. As the highest-profile coach on this year’s carousel, Payton met with four of the five HC-seeking teams (all but the Colts). The 15-year Saints HC, who was connected to the Cowboys and Chargers jobs, considered staying at FOX and re-entering the market when better jobs were available. But he ended up preferring the Broncos among this year’s lot. The Cardinals were not Payton’s first choice, though Michael Bidwill belatedly called the Payton trade cost too steep. Denver’s deep-pocketed ownership group won over the former Super Bowl winner, setting up negotiations with the Saints on compensation.
In a complex April 2022 trade, the Saints dealt their 2023 first-rounder to the Eagles. This move gave New Orleans a second 2022 first-rounder, which it used to trade up for Chris Olave. As a result, the Saints entered the offseason without a 2023 first. Payton gave them a chance to recoup that asset, but his longtime coworker wanted more initially. Loomis asked for two first-rounders for Payton, whose Saints contract ran through 2024.