Wednesday, June 3, 2026

Derek Carr Retires With Nearly $200M in NFL Earnings

The 11-year quarterback unexpectedly announced his retirement due to a shoulder injury.

Matthew Hinton-Imagn Images

Derek Carr is calling it a career.

In a surprise announcement Saturday, the Saints quarterback announced he is retiring from the NFL after 11 seasons—two with New Orleans and nine before that with the Raiders. 

“For more than 11 years, we have been incredibly blessed, and we are forever grateful and humbled by this experience,” Carr said in a statement released by the Saints. “It’s difficult to find the right words to express our thanks to all the teammates, coaches, management, ownership, team officials and especially the fans who made this journey so special. Your unwavering support has meant the world to us.”

Carr retires with about $195.7 million in career earnings, according to Spotrac. Over the Cap has him as the 17th-highest earner (not adjusted for inflation) in NFL history. 

Carr was set to miss the entire upcoming season to undergo shoulder surgery.

According to NFL Media’s Ian Rapoport, Carr was slated to earn $30 million this season, which he will forgo, but the quarterback and the Saints reached an agreement that the team will not seek to claw back $10 million in roster bonus and signing bonus money.

The surprise exit left social media buzzing about who will start for the Saints. The Saints have Jake Haener and Spencer Rattler listed as the second and third options on their depth chart, and drafted Louisville QB Tyler Shough in the second round of this year’s NFL Draft.

But Robert Griffin III was quick to give his own take: The Saints, he said, “need to call Aaron Rodgers.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

CFP Tweaks Schedule to Avoid More Head-to-Head NFL Clashes

The CFP is taking new measures to avoid competition with the NFL.
Lee Corso puts on the Brutus helmet as he makes his final pick between Kirk Herbstreit and Pat McAfee prior to the NCAA football game between the Ohio State Buckeyes and the Texas Longhorns at Ohio Stadium on Aug. 30, 2025.
exclusive

Pat McAfee in Early Extension Talks With ESPN

McAfee’s current five-year deal with ESPN isn’t up until 2028.

Myles Garrett Trade Makes All-In Rams an Even Bigger TV Draw

The Super Bowl LXI favorite goes even more all-in.

Featured Today

The Elite High Schools Hosting World Cup Teams

Spain, Morocco, Croatia, and Switzerland chose schools as their tournament base camps.
Frances Cabral-Delaney
May 29, 2026

How Arsenal Fandom Went ‘Manic’

“People do not become Arsenal fans because it’s easy,” says Zohran Mamdani.
May 23, 2026; Anaheim, California, USA; Fans participate in a tarp off during a MLB game between the Los Angeles Angels and the Texas Rangers at Angel Stadium
May 28, 2026

‘Tarps Off’: How Shirtless Fans Took Over MLB

The viral movement began with the SFA club baseball team.
Apr 6, 2026; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) walks to the on deck circle during the game against the Texas Rangers at Globe Life Field
May 28, 2026

Why Ballparks Are Louder Than Ever

Some stadiums sound like veritable nightclubs. How did we get here?
Jun 2, 2026; San Antonio, TX, USA; San Antonio Spurs forward Victor Wembanyama (1) looks over during practice on media day for the 2026 NBA Finals at Frost Bank Center.

Will There Be a Wemby Effect for NBA Finals in France?

France will have two Finals broadcasters for the first time.
Jun 2, 2026; Raleigh, North Carolina, USA; Vegas Golden Knights goaltender Carter Hart (79) prepares for the fdfirst period against the Carolina Hurricanes in game one of the 2026 Stanley Cup Final at Lenovo Center
June 3, 2026

Hockey Canada Trial Looms Over Hart in Stanley Cup Playoffs

Carolina fans broke out into a “no means no” chant.
Jun 3, 2026; Paris, France; Maja Chwalinska of Poland tosses the ball to serve during her match against Anna Kalinskaya on day 10 at Stade Roland Garros.
June 3, 2026

French Open’s Cinderella Runs May Not Play in Wimbledon

Wimbledon finalizes its entries in mid-May, before the French Open ends.
Sponsored

Landon Donovan: What Soccer in America Still Needs

Landon Donovan discusses the evolution of soccer in America and investing in the NWSL.
June 3, 2026

Landon Donovan Thinks World Cup Will Boost MLS

Donovan argues hosting World Cup games will lead owners to spend more.
FILE PHOTO: Golden State Warriors guard Stephen Curry (30) smiles on the court after defeating the Los Angeles Clippers during the play-in rounds of the 2026 NBA Playoffs at Intuit Dome.
June 2, 2026

Curry’s Li-Ning Deal Is a Shot at His Own Jordan Brand

The NBA star signed a reported 10-year, $300 million deal with Li-Ning.
Serena Williams with her daughter Olympia, left, cheers for the Los Angeles Golf Club who won the TGL finals against Jupiter Links GC at SoFi Center on March 24, 2026, in Palm Beach Gardens, Florida.
June 1, 2026

Serena Williams Confirms Tennis Comeback With Doubles Wild Card

The 23-time Grand Slam winner will play at the Queen’s Club Championship.
May 30, 2026

Shedeur Sanders Banked $17.7M in NFLPA Licensing Income

Sanders shattered the record set by Tom Brady in the 2021 season.