Jameis Winston’s time with the New Orleans Saints may not be finished just yet. Now that the Saints have landed Derek Carr to be the new starting quarterback, Winston reportedly has a decision to make on his future.

Dianna Russini of ESPN reports, per sources, that New Orleans has offered Winston a restructured contract to remain with the club. If Winston rejects the deal, the former No. 1 pick out of Florida State is looking at free agency.

Last year, Winston signed a 2-year, $28 million deal. The Saints are looking to lessen the potential salary cap hit of $15.6 million with a restructured deal.

According to Luke Johnson of The Advocate, Winston would be an $11.2 million “dead money” cap hit if released Wednesday. If Winston is released after June 1, the Saints could save $12.8 million, but the club would be on the hook for $15.6 million in cap space until June 2.

Winston has been with the Saints for 3 seasons. He started the first 7 games of the 2021 season before suffering a torn ACL. Last season, he started the team’s first 3 games. He was inactive for Weeks 4 and 5 and served as the backup to Andy Dalton upon returning from injury.

What’s next for Winston?

Russini’s report does not detail the terms of the restructured contract, but it is obviously for a significant pay cut. It’s now up to Winston whether to take the sure thing in New Orleans as QB2 or test the free agency waters.

Teams cannot talk to Winston without it being tampering, but Winston and his agent can presumably get a feel for his free agency market between now and Wednesday.

Winston may be ready for a change of scenery after 3 seasons in New Orleans that did not go as planned, but there might not be a big market for a quarterback coming off of a torn ACL in 2021 and benching in 2022.