Oakland Raiders: QB Derek Carr signs five-year deal reportedly worth $125M

By The Sports Xchange
Oakland Raiders: QB Derek Carr signs five-year deal reportedly worth $125M
Derek Carr and Heather Neel attend the Country Music Awards in Las Vegas, Nevada on April 2, 2017. Photo by Jim Ruymen/UPI | License Photo

Quarterback Derek Carr took to social media on Thursday to announce that he has finalized a contract extension with the Oakland Raiders.

While Carr did not divulge the terms of the deal, multiple outlets reported that it was a five-year, $125 million contract. Should that be the case, it would make the two-time Pro Bowl selection the highest-paid player in the league in terms of new money average.


Andrew Luck of the Indianapolis Colts receives $24.6 million per year, just ahead of fellow quarterbacks Carson Palmer ($24.35 million) of the Arizona Cardinals, Drew Brees (24.25 million) of the New Orleans Saints and Kirk Cousins ($23.9 million) of the Washington Redskins.

"Now it's done," Carr wrote on Twitter. "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!!!"

RELATED Oakland Raiders star Khalil Mack terrifies quarterbacks, destroys punch bag

Carr had given the Raiders a training camp deadline for the deal or planned to shut down negotiations and play the final season of his existing four-year contract.

RELATED Oakland Raiders' Marshawn Lynch had May's top-selling NFL jersey

Carr enjoyed a stellar season in 2016 before sustaining broken fibula in Week 16, which kept him sidelined for Oakland's playoff loss to the Houston Texans.

The 26-year-old passed for 3,937 yards with 28 touchdowns against just six interceptions last season.

Carr has been a full participant in the team's offseason activities this spring.

RELATED Oakland Raiders QB Derek Carr will have bigger role in offense next season

RELATED Indianapolis Colts' Trent Cole deals with backlash of hit on Oakland Raiders QB Derek Carr

Latest Headlines


Follow Us