- Thearon W. Henderson/Getty
The Oakland Raiders and Derek Carr have come to an agreement on a contract extension that will make him the highest-paid player in the NFL based on average salary, according to NFL Network’s Ian Rapoport..
The yearly average pushes him just past Andrew Luck for the highest-paid player in the league.
CBS’s Jason La Canfora broke down some the guarantees of the deal, which hints at having an added bonus for Carr:
Derek Carr's 5-yr deal maxes at $125M. Includes $40M full guarantee at signing and injury guarantee of $70M at signing. $69M due in 1st 3yrs
— Jason La Canfora (@JasonLaCanfora) June 22, 2017
Unlike many NFL contracts, Carr’s seems to 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. Future Raiders free agents may benefit from the same idea when they negotiate new deals with the team.
Carr, who was drafted by the Raiders in the second round of the 2014 NFL Draft, had one year left on his rookie contract and was set to make $1 million this season. Unlike first-round draft picks, the Raiders did not have a fifth-year option on Carr, meaning he was eligible to sign an extension earlier.
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