Sources: Raiders QB Derek Carr won't waive no-trade clause

HENDERSON, Nev. — Derek Carr will not waive his no-trade clause and will not extend Wednesday's deadline for more than $40 million in guarantees to kick in on his current contract, sources confirmed to ESPN on Sunday.

The Las Vegas Raiders might release the nine-year veteran quarterback as soon as Monday, the sources said, as only one team was interested in a trade, and it wanted Carr to take a pay cut.

Carr, who turns 32 on March 28, visited with the New Orleans Saints last week.

If Carr is released by Las Vegas, he would then have a month's head start to begin negotiations and sign with any team of his choosing; other free agent quarterbacks cannot officially do so until the start of the new league year on March 15.

But should Carr be on the Raiders' roster come Wednesday, his full $32.9 million salary for 2023 becomes guaranteed, as does $7.5 million of his $41.9 million salary for 2024. If they cut him before then, the Raiders will be off the hook for the $40.4 million, and they would take a $5.6 million salary cap hit while freeing up $29.3 million in cap space.

In nine seasons with the Raiders, Carr played for six different head coaches (Dennis Allen, Tony Sparano, Jack Del Rio, Jon Gruden, Rich Bisaccia and Josh McDaniels) and had five different playcallers (Greg Olson, Bill Musgrave, Todd Downing, Gruden, Olson again and McDaniels). He also had a bottom-feeding defense for most of his tenure, going 63-79 as a starter and taking two teams to the playoffs. He lost in his only postseason appearance, against the Bengals in the 2021 wild-card round (he missed the 2016 wild-card round after breaking his right ankle in the season's penultimate game).

Carr was 12-44 against playoff teams for the Raiders and has had