diff --git a/docs/content/docs/metrics.mdx b/docs/content/docs/metrics.mdx
index ea8c2577f..c07953d6a 100644
--- a/docs/content/docs/metrics.mdx
+++ b/docs/content/docs/metrics.mdx
@@ -113,7 +113,11 @@ HEADROOM_OTEL_RESOURCE_ATTRIBUTES=deployment.environment=prod
 | `HEADROOM_OTEL_SERVICE_NAME` | `headroom-proxy` | OTEL `service.name` |
 | `HEADROOM_OTEL_RESOURCE_ATTRIBUTES` | unset | Comma-separated resource attributes |
 
-Exported counters include `headroom.proxy.requests`, `headroom.proxy.tokens.input`, `headroom.proxy.tokens.output`, `headroom.proxy.tokens.saved`, and `headroom.proxy.cache.read_tokens` / `write_tokens`.
+Exported counters include `headroom.proxy.requests`, `headroom.proxy.tokens.input`, and
+`headroom.proxy.tokens.output`. `headroom.proxy.tokens.saved` is the all-layer total:
+message/compression savings plus tool-schema deferral savings. The component counter
+`headroom.proxy.tokens.tool_schema_saved` exposes the deferral portion separately;
+`headroom.compression.tokens.saved` remains the compression-pipeline component.
 
 Confirm the exporter is live with `curl -s http://localhost:8787/stats | jq .otel`.
 
diff --git a/headroom/observability/metrics.py b/headroom/observability/metrics.py
index a2c55ae7b..fd020cfa0 100644
--- a/headroom/observability/metrics.py
+++ b/headroom/observability/metrics.py
@@ -165,7 +165,14 @@ class HeadroomOtelMetrics:
         )
         self._proxy_saved_tokens = self._meter.create_counter(
             "headroom.proxy.tokens.saved",
-            description="Input tokens saved by Headroom compression.",
+            description=(
+                "Input tokens saved across Headroom compression and tool-schema deferral."
+            ),
+            unit="1",
+        )
+        self._proxy_tool_schema_saved_tokens = self._meter.create_counter(
+            "headroom.proxy.tokens.tool_schema_saved",
+            description="Input tokens saved by deferring tool schemas.",
             unit="1",
         )
         self._proxy_cache_read_tokens = self._meter.create_counter(
@@ -346,6 +353,7 @@ class HeadroomOtelMetrics:
         output_tokens: int,
         tokens_saved: int,
         latency_ms: float,
+        tool_search_saved: int = 0,
         cached: bool = False,
         overhead_ms: float = 0.0,
         ttfb_ms: float = 0.0,
@@ -363,7 +371,11 @@ class HeadroomOtelMetrics:
 
         self._proxy_input_tokens.add(max(input_tokens, 0), attrs)
         self._proxy_output_tokens.add(max(output_tokens, 0), attrs)
-        self._proxy_saved_tokens.add(max(tokens_saved, 0), attrs)
+        compression_saved = max(tokens_saved, 0)
+        tool_schema_saved = max(tool_search_saved, 0)
+        self._proxy_saved_tokens.add(compression_saved + tool_schema_saved, attrs)
+        if tool_schema_saved > 0:
+            self._proxy_tool_schema_saved_tokens.add(tool_schema_saved, attrs)
         self._proxy_latency.record(max(latency_ms, 0.0) / _MILLISECONDS_TO_SECONDS, attrs)
 
         if overhead_ms > 0:
diff --git a/headroom/proxy/prometheus_metrics.py b/headroom/proxy/prometheus_metrics.py
index 39bef4754..994321100 100644
--- a/headroom/proxy/prometheus_metrics.py
+++ b/headroom/proxy/prometheus_metrics.py
@@ -951,6 +951,7 @@ class PrometheusMetrics:
             input_tokens=input_tokens,
             output_tokens=output_tokens,
             tokens_saved=tokens_saved,
+            tool_search_saved=tool_search_saved,
             latency_ms=latency_ms,
             cached=cached,
             overhead_ms=overhead_ms,
diff --git a/tests/test_observability_metrics.py b/tests/test_observability_metrics.py
index ae539bddb..181864b74 100644
--- a/tests/test_observability_metrics.py
+++ b/tests/test_observability_metrics.py
@@ -51,6 +51,7 @@ def test_headroom_otel_metrics_records_proxy_and_pipeline_metrics() -> None:
         input_tokens=120,
         output_tokens=30,
         tokens_saved=45,
+        tool_search_saved=15,
         latency_ms=18.5,
         cached=True,
         overhead_ms=4.0,
@@ -84,6 +85,32 @@ def test_headroom_otel_metrics_records_proxy_and_pipeline_metrics() -> None:
     )
     assert request_point.value == 1
 
+    saved_tokens = metrics["headroom.proxy.tokens.saved"]
+    saved_point = _find_point(
+        saved_tokens,
+        provider="anthropic",
+        model="claude-opus-4-6",
+        cached=True,
+    )
+    assert saved_point.value == 60
+
+    tool_schema_saved = metrics["headroom.proxy.tokens.tool_schema_saved"]
+    tool_schema_point = _find_point(
+        tool_schema_saved,
+        provider="anthropic",
+        model="claude-opus-4-6",
+        cached=True,
+    )
+    assert tool_schema_point.value == 15
+
+    compression_saved = metrics["headroom.compression.tokens.saved"]
+    compression_saved_point = _find_point(
+        compression_saved,
+        provider="anthropic",
+        model="claude-opus-4-6",
+    )
+    assert compression_saved_point.value == 45
+
     latency = metrics["headroom.proxy.request.duration"]
     latency_point = _find_point(
         latency,
diff --git a/tests/test_savings_ledger_before_forwarded.py b/tests/test_savings_ledger_before_forwarded.py
index 72d158377..c50f6b938 100644
--- a/tests/test_savings_ledger_before_forwarded.py
+++ b/tests/test_savings_ledger_before_forwarded.py
@@ -21,8 +21,11 @@ class _FakeSavingsTracker:
 
 
 class _FakeOtelMetrics:
+    def __init__(self) -> None:
+        self.calls: list[dict[str, Any]] = []
+
     def record_proxy_request(self, **kwargs: Any) -> None:
-        pass
+        self.calls.append(kwargs)
 
 
 @pytest.mark.asyncio
@@ -65,6 +68,29 @@ async def test_record_savings_event_uses_original_input_as_before(
     ]
 
 
+@pytest.mark.asyncio
+async def test_record_request_forwards_tool_savings_to_otel() -> None:
+    otel = _FakeOtelMetrics()
+    metrics = prometheus_metrics.PrometheusMetrics(
+        savings_tracker=_FakeSavingsTracker(),
+        otel_metrics=otel,
+    )
+
+    await metrics.record_request(
+        provider="anthropic",
+        model="claude-opus-4-6",
+        input_tokens=600,
+        output_tokens=25,
+        tokens_saved=400,
+        tool_search_saved=13182,
+        latency_ms=10.0,
+    )
+
+    assert len(otel.calls) == 1
+    assert otel.calls[0]["tokens_saved"] == 400
+    assert otel.calls[0]["tool_search_saved"] == 13182
+
+
 def _capture_ledger(monkeypatch: pytest.MonkeyPatch) -> list[dict[str, Any]]:
     calls: list[dict[str, Any]] = []
     monkeypatch.setattr(