As of now, there is no confirmed report that New Orleans Saints General Manager Mickey Loomis and quarterback Derek Carr have agreed to terminate their contracts. Despite various rumors circulating online, credible sources suggest the Saints are still committed to Carr as their starting quarterback, and Loomis remains at the helm of the organization.
Derek Carr signed a four-year, $150 million contract with the Saints in March 2023, after spending nine seasons with the Las Vegas Raiders. The move was seen as a significant step in stabilizing the Saints’ quarterback situation after the post-Drew Brees era. Though Carr’s first season in New Orleans was met with mixed reviews — largely due to inconsistency on offense and key injuries — the organization has publicly continued to back him.
Saints GM Mickey Loomis has expressed confidence in Carr’s abilities. Loomis stated in a press conference earlier this year, “We feel like we’ve got a guy we can win with.” This endorsement was reinforced by the team’s actions, including hiring offensive-minded head coach Kellen Moore, formerly the offensive coordinator of the Dallas Cowboys and Los Angeles Chargers. Moore has also shown confidence in Carr, calling him a “tremendous quarterback” and expressing excitement about what they could build together on offense.
Financially, the Saints are once again in a tough position. New Orleans is projected to be more than $60 million over the cap for the 2025 NFL season. The front office, however, has shown an ability to manage cap gymnastics over the years, often restructuring deals to create space. Carr’s contract is likely to be a target for restructuring — not termination. Carr has already indicated he is not interested in taking a pay cut, but he is open to restructuring his contract to help the team, which is a common practice in the NFL.
If anything, the future for both Loomis and Carr seems tied to the team’s success in the 2025 season. The Saints have made aggressive roster moves over the years in pursuit of playoff contention, and expectations remain high. The addition of a young and dynamic play-caller in Kellen Moore is part of that ongoing effort.
While fans may be frustrated with the lack of postseason success in recent years, there has been no official indication that the Saints are planning to part ways with either Carr or Loomis. Both remain integral to the team’s immediate future, and unless performance severely dips, it’s unlikely a drastic change like contract termination would happen this offseason.
In conclusion, while speculation and sensational headlines may continue to surface, the reality is far less dramatic. Derek Carr and Mickey Loomis remain key figures for the New Orleans Saints heading into 2025. Their focus appears to be on improving the team and returning to playoff contention rather than walking away from their respective roles. As always in the NFL, time will tell — but for now, the Saints are moving forward with both men in place.
