Derek Carr signs $125 million contract with Raiders that will come with an interesting bonus when the team moves to Las Vegas
Thearon W. Henderson/Getty
Albert Breer of the MMQB reported that the deal is worth $125 million over five years while ESPN's Adam Schefter reported on Wednesday the deal is expected to pay an average of $25 million per year.
The yearly average pushes him just past Andrew Luck for the highest-paid player in the league.
Carr, who was taken by the Raiders in the second round in 2014, was finishing off his rookie contract, set to make $1 million this season. Unlike first-round draft picks, Carr did not have a fifth-year option, meaning he was eligible to sign an extension earlier.
While the exact terms of the deal and the yearly money are not yet known, many expect the deal to come with an added bonus for Carr. Unlike many NFL contracts, Carr's may be back-loaded, giving him more money in the later years when the team moves to Las Vegas. Nevada has no state tax, allowing Carr to make more money on the backend of the deal than he would in Oakland when California has a relatively high state tax.
As Rapoport notes, despite some minor squabbling from both sides, the Raiders knew they had to lock up their star quarterback with the move on the horizon. The team couldn't afford to move into an untested NFL market without the guarantee of a star. In 2016, Carr was considered an MVP candidate before breaking his leg, throwing over 3,900 yards with 28 touchdowns and six interceptions in 15 games.
Carr himself announced the deal on Twitter.
Now it's done ! From the jump I've wanted to be a Raider 4 life. One step closer to that! Blessed!!! Business done! Let's just play now!!!
- Derek Carr (@derekcarrqb) June 22, 2017
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market