5:12pm: Carr’s contract contains a $65.5MM injury guarantee, according to SI.com’s Albert Breer, and the deal will give the ninth-year veteran a $5.2MM raise in 2022 (Twitter link). Carr will make $24.9MM fully guaranteed in 2022, Mike Florio of Pro Football Talk notes.
A key date comes after Super Bowl LVII. Three days after the Super Bowl, Carr will see $40.5MM — his $33MM 2023 salary and $7.5MM of his 2024 pay — become fully guaranteed, Breer tweets. This would give the Raiders a small window to work out a trade in 2023, but Carr’s no-trade clause gives him final say on any potential escape-hatch deal for the team.
9:33am: The Raiders and Derek Carr have agreed to terms on a three-year extension worth $121.5MM (Twitter link via NFL.com’s Ian Rapoport). With that, the Raiders’ star quarterback will remain in place through the 2025 season. 
Carr’s deal includes a no-trade clause (Twitter link via NFL.com’s Mike Garafolo), a rarity in the NFL enjoyed by only about a dozen players. All together, Carr is set to earn $141.3MM over the next four years, with $100MM of it coming in the next three seasons, per Garafolo. That’s player-friendly cashflow for Carr, who was fighting for his Raiders future just a couple of years ago.
It’s the latest splash in the Raiders’ busy offseason, following their acquisition of wide receiver Davante Adams. Ultimately, GM Dave Ziegler and head coach Josh McDaniels have kept much of the core in tact while revamping the team after a tumultuous 2021.
Carr’s $40.5MM new-money average puts him fifth among all quarterbacks and, as noted by NFL.com’s Tom Pelissero (Twitter link), he’s now the seventh member of the league’s $40MM/year club, joining Aaron Rodgers, Deshaun Watson, Patrick Mahomes, Josh Allen, Matthew Stafford and Dak Prescott.
Carr, who just turned 31, had one year to go on his old deal with a cap hit of $19.8MM. After he notched a career-high 4,804 passing yards en route to his first ever playoff appearance, the Raiders were unwilling to risk losing him. Now, Carr’s got a fat new contract and an old friend in Adams, his former teammate at Fresno State.
“Derek’s fit on the team, as a player, is obviously what we’re looking for and what we’re trying to build around,” McDaniels said recently. “[When it comes to the contract,] you try and do what’s best for the team. When we get into those conversations with Derek, Derek’s going to have to make decisions about what’s best for him… There will be a sweet spot in there hopefully for everybody, and we’ll be excited to go forward like that.”
Today, the Raiders are undoubtedly excited as they’ve locked up their three-time Pro Bowler for years to come.
Beautiful.
Glad we got this sorted out. Hopefully Ziegler can find some diamonds in the rough in the draft and then we are ready for an exciting season in the best division in football!
Very questionable deal. At 30 years old you’ve seen exactly who he is. I don’t think anyone outside of LV would put him in the convo of top 5 QB, prob even top 10 if we are being honest. I guess if you’re going to drop a risky bet, Vegas is the spot for it.
Although you make fair points, I’d rather invest in the known than the unknown. Like you suggested Carr is no world beater, but he’s certainly a better than average starter, and the Raiders just paid in the neighborhood of the going rate for an above average starting QB with this extension. I’d take that certainty over throwing a dart at the draft and hoping, especially with the rookie crop this year.
When you see other teams kicking the tires on and shuffling around the likes of Carson Wentz, Sam Darnold, and Drew Lock this seems like a good deal. Not a super long deal and 30 million a year is what it costs to not have Davis Mills QB your team.
120/3 ….
It’s $40.5 million a year, not $30 million.
The article said that he gets $100 million over the next three years. That’s $33.3333333 million per season. I assume he gets restructured or cut before the last year. This isn’t MLB. There is always the number announced and then the real contract in the NFL. I’m just reading the article. Silly me.
Because he still has 19 million for this year under his current contract
3yr “extension” worth 120M. He’s now set at 4/140 when you include the last year of his current contract. The article, if read, even points out that he joins others in the 40M+ group.
It’s $22 million in 2022 and $40.5 in 2023
Read this new updated article
RCT:
Math is not that difficult.
It is $24.9 MM in 2022 with zero guarantees after that.
They can bring him back at their option in 2023 for $33MM and for $42MM in 2024, again at the team’s option. It does not average $40.5MM and is backloaded.
That averages $33MM for 3 years. To get to $40.5 aveage, it would need to pay him $62MM in year 4.
The math is really simple. Try it with a calculator.
He’s not a top 5 QB, I’ll give you that. He’s absolutely a top 10 NFL QB, though. All the guy has done is put up good numbers without a true #1 WR up until this point, and he’s a leader. Look at all the controversies, coaches and coordinaters he’s helped lead the Raiders through. There’s no risk here other than injury, as with any player.
Only 5 teams can have a top 5 QB and the rest of us still have to play football games. You could do a lot worse at the QB position!
Exactly, Lark. Only one team gets a Mahomes or a Brady, and you can’t say any deal for a QB without that ability is a risky deal. The other 27 teams need QBs, too.
He had Amari Cooper for awhile and did nothing with him and he has Waller who is a TE but is used more like a WR and is clearly a number 1.
I’m pretty sure Amari was near the top of the league in dropped passes when he was with the Raiders. And yes Waller is a top tier TE, because most TEs in the league are garbage pass catchers with mediocre speed at best. If you classified Waller as a WR, he wouldn’t even be top 30 in the league. Carr was vying for an MVP just a few years ago before he got hurt in the last few games of the season. Dude is absolutely worth this money in the current NFL QB environment, and he is most certainly a top 10 QB in the NFL.
Amari Cooper isn’t a #1 WR. He’d be an outstanding #2, but he’s not a true #1.
Heck, not sure if he’s top 15. Rodgers, Mahomes, Stafford, Jackson, Allen, Wilson, Watson, Prescott, Burrow, Hebert – that’s 10. Murray, Ryan, Tannehill and Jones. Maybe 15th…?
And now that he’s back, Brady can squeeze him out of the top 15. Almost forgot about him.
Jones? You mean Daniel Jones?
Mac.
Mac and Cheese? He can’t even throw if it is too windy.
Rodgers, Mahomes, Brady, Allen, Stafford, Burrow, Herbert, Watson (if on the field), and Murray are better for sure.
As for Jackson, Prescott, Tannehill, and even Wilson at this point, Carr is at least comparable to those signal callers. Thus he is in top ten conversation.
Ryan and Jones are definitely worse than Carr at this point
Murray has more physical ability, but I’m not sure he’s the leader Carr is?
Lamar has led the league in TDs and has an MVP, and is 6 years younger than Carr. I know he got injured last year and the Ravens had a down season because of injuries, but Lamar is unquestionably better than Carr.
Brady, rodgers? I would cousins is a good comparison
He’s absolutely better than Tannehill and Mac Jones!
He’s done pretty well considering his receivers.
He’s top 10 in the AFC. Top 15 in the NFL
Silly comment!
Derek Carr is the only quarterback in NFL history with a Game Winning Drive ratio of 50 percent or higher. Next highest is Stafford at 43%.
24 of Carr’s 47 victories with Oakland/Las Vegas have been from his game-winning drives, giving a 51.06 percent game-winning drive ratio,
That means that if the Raiders won a game it was over 50% certain that the win came as a result of Carr leading a last minute drive!
Praise the Lord Jesus christ go to church let’s eat
It’s like the entire Raiders organization is completely unaware that Carr sucks
That’s completely inaccurate. You’re entitled to your opinion though, even if it’s wrong.
I mean I’m a raiders fan and that’s an overpay for what he is. He’s a top 15 qb at best, doesn’t throw many tds and throws a ton of timely picks. He’s worth 25-30 million per season at best.
I think you’re undervaluing him. Mahomes, Brady, Rodgers, Allen and Stafford would be my top 5. Wilson probably 6. Burrow, Hebert and LJ as young QBs with upside, and then I’m taking Carr. With Adams now, Carr could easily move up. He’s never had weapons like he will this year.
So you’re leaving Watson out? The guy with a career 104 rating.
Yep, I’m leaving Watson out. I did so intentionally. I won’t give value to someone like that.
You should go to the authorities with your proof. No criminal charges but you know more than the prosecutor and the grand juries
A grand jury is literally a group of people tasked with forming an opinion as to if there was enough evidence to prosecute, not if he was innocent. By all means, keep leaning on that crutch if it helps you to feel better about your QB.
Wow, an intelligent person! Thank you.
Again, you need to go to the authorities with your proof. Apparently you were there. Why was Watson never arrested? Did any of these women go to the police the next day to report a crime? I never heard they did. Watson is a little freaky but no arrest and no criminal charges seems like it’s over except for the lawyers. I’m good with Watson as my quarterback
Just because someone isn’t arrested or tried does not prove innocence. This has the look of his word against theirs, which is likely why the grand jury ruled as they did.
That said, if 22 people tell me one story, and 1 another, I know who I’m going to believe. You’re basing your entire logic on the fact that a group of people believed there wasn’t enough evidence to go to trial. If there was some magic piece of evidence that cleared him, wouldn’t he be shouting it from the rooftops?
You’re comfortable in your thinking though, and no one is going to convince you otherwise. I believe Watson is a piece of garbage, and I will never give him an ounce of respect. We’ll have to agree to disagree, I guess.
There is this thing called innocent until proven guilty. Lots of guys get convicted of rape and that’s a he said she said scenario. Again, if a woman felt so violated then why didn’t any of the 22 women go to the police the same day or next day? He said it was consensual and the evidence must show that or he’d have been arrested
The last pass he threw was a pick to end his season. Carr is above average but barely. I would want Mahomes, Herbert, Brady , Burrow, Wilson , Jackson , Allen , Prescott to name a few I would want over him … for 1 year. Maybe not for the long haul.
So here’s my thing with Dak- if he’s better than Carr, why isn’t Dallas regularly running away with an easier division?
Personally, I’m taking Carr over Dak.
They did last year. They won it by December
Wow. And what an impressive collection of teams they beat, too. I’m sure many Defensive Coordinators have laid awake at night trying to figure out how to scheme for those WSH, PHI and NYG offenses.
I just answered your question. You wanted to know why Prescott wasn’t running away with the division. He did last year and the year before he was hurt. I’m not a huge Prescott fan but don’t ask a question if you don’t want the answer
I phrased the question “regularly” running away with it, and a year really doesn’t qualify as that to me. So you failed to convince me Dak is better than Carr, but it doesn’t sound as if you’re convinced yourself.
I’m not saying he’s better than Carr. The point is he wins the division. I don’t like Dallas. Carr is a good quarterback and I think he could put up better numbers in a different system but he threw 23 touchdowns and 14 interceptions last year. Not great.
For his sake, he better age well or this is his last big slice of the pie. I would have shot for a longer or shorter contract. Atlanta found themselves in a bad situation with Ryan but Ryan is still getting paid.
“Longer or shorter contract” just negated the rest of your comments.
If your nose is bleeding, it means you’re picking it too much…or not enough.
How so? 35 year old quarterbacks aren’t getting huge extensions unless you’re Brady or Rodgers. Carr is neither
He’s also not 35, he’s 31.
The Falcons would’ve won a Super Bowl with Ryan on that deal if they could’ve just held a 28-3 lead. Plus Ryan hasn’t fallen off a cliff, the Falcons talent level just went down. Hardly a bad deal.
That’s why the Falcons had to pay part of his salary and only got a 3rd round pick? Because it was such a great contract? Ryan is not worth his salary. Atlanta went too long. Good for him but bad for the Falcons. Carr will be 35 when his contract is up. Unless he ages like Rodgers and Brady, he’s most likely not getting another huge contract.
Atlanta only got a 3rd because they walked themselves into a bit of a corner pursuing Watson. The second Ryan agreed to push that bonus back, writing was on the wall, there was going to be a parting of the ways. If the Ryan contract is as bad as you say, why didn’t the Colts chase Jimmy G?
Atlanta is paying part of Ryan’s contract. Jimmy G is coming off shoulder surgery. Ryan is not worth more than a 3rd.
Yes, but Carr is not 35 right now. He’s just entering his absolute prime as a QB. Carr is not a running QB but a pocket QB and they generally age well until 35.
I liked what I saw of Carr last season. Stability, a happy leader – probably just what the doctor ordered.
Plus the deal doesn’t go on forever. If Carr fades, he’ll play out two years of the new deal and that will be the end. I’ll bet he plays out the contract and plays it out well. What happens with the next contract is too early to say.
Ryan didn’t age well. Carr is similar. My point is you either want a contract to take you past 37-38 years like Ryan’s did or you want one to end at 32-33 so you can get another big payday. Carr may do that or he may not. Rivers, Manning, Romo, Palmer are just a few that began to lose something by the 35-38 year
Yes, but it’s a win for the Raiders who get at least the rest of Carr’s prime at a reasonable price. Carr knows he will retire with close to a $100 million in the bank for his career. Pretty good work if you can get it.
A good deal is where both sides win. This looks like that situation.
That’s a lot of money to give to a guy with similar numbers and postseason success as Kirk Cousins. I guess that’s just what top 15 QB’s are worth these days.
I can’t believe we’re at the point where mid tier QBs are getting $40 mil a year
This is an NFL contract. It is back loaded with the team knowing they ain’t paying that last year. The article said he gets $100 million for the next three years. That’s 33 million per season. He won’t see the last year of the deal unless he has rings, and then it was a steal!
That depends if the contract is fully guaranteed or not. If it is then the Raiders are on the hook for $40 mil that last year of the deal.
I get how the structure works but I doubt the Raiders move on from Carr in three years. Considering how poor the QB pool is and the Raiders QB situation for a decade+ before Carr showed up, he likely has another five or six years with them. I’d say there’s a very good chance Carr either plays out this deal or gets another extension in the next two to three years
I’m happy to see this deal done! Let’s go Raiders!!
Mahomes agents look dumber everyday. What idiots thought it would be a good idea to sign such a long contract at current market price? He’s gonna be so under paid in 5 years when top QBs are being paid 60-65 mil per.
The dude got 450m, which is life-changing money. I understand your point about how QB salaries will evolve, but waiting carries risk as well. If he inked a shorter deal and got badly hurt, everyone is calling his agent incompetent.
Plus I don’t think we’ll see QB deals go a ton higher in AAV. The market is evolving where WRs are also (rightfully) getting paid. You pay a QB, WR, LT and Edge rusher big money and the pie is largely gone.
The way players are today he will likely sit out and throw a fit when he’s not the top money qb. Society seems to cater to cry babies these days even when they agree to a contract to begin with. Half way through he will cry and get 65-75 million a year guaranteed renegotiated, watch!
Keep giving good-but-not-great QBs $40…what a great strategy.
Nice to see McDummy has learned his lesson about taking the reigns of a club and immediately trading away their franchise qb in an attempt to land some Patriot burnout.
Carr is one of the top QBs in the AFC West. Besides Mahomes, Herbert, and Wilson there is nobody better in the AFC West than Carr.
smh you’re trying a bit too hard here
Posing like he’s about to walk down the runway for WWE
Getting Adams doesn’t make you Rodgers, I guess it’s better to have a decent QB for a couple years than to be farting around in the draft every year or getting stop gap qbs like the colts
Carr is a more expensive Kirk Cousins.
Raiders will never win anything with this guy.
Please name 10, let alone 14 QBs better than Carr.
Might be a bit difficult for Mark Davis to continue with his crying poor act after dropping $121MM on a single player.