Raiders & Derek Carr Close To Extension That Would Pay Him $25M Per Year

Update:

Adam Schefter stresses that there is a deal in place between the Raiders and Derek Carr that will get done. According to Schefter, there’s only language to be sorted out right now and an announcement could come this week.

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Derek Carr provided an update in regards to the report that he and the Raiders are close to an agreement on a long-term deal.

Nothing done yet… trust me you will hear it here first.

— Derek Carr (@derekcarrqb) June 21, 2017

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Adam Schefter reports that the Raiders and QB Derek Carr are close to finalizing a contract extension that’s expected to pay him around $25 million per year.

According to Schefter, Carr and Raiders still are finalizing language, but this new contract could be announced as early as the end of this week.

Recent reports mentioned that Carr could end up securing as much as $25 million per year as part of a long-term extension, so this shouldn’t come as much of a surprise.

As of now, Andrew Luck is the highest paid player at $24.6 million per year, which means Carr will need to top that figure in order to become the highest paid player in NFL history.

The Raiders made it clear that locking up their young quarterback was a priority for them and it appears as though they’ll have a finalized agreement at some point in the near future.

You can bet other quarterbacks around the NFL like Matthew Stafford, Kirk Cousins, and Aaron Rodgers are keeping an eye on the contract specifics of this deal, as they’re all in line for new deals.

Oakland has a few other big deals to hash out in the coming years for OLB Khalil Mack and G Gabe Jackson.

Carr, 26, is a former second-round pick of the Raiders back in 2014. He is currently in the final year of his four-year, $5,371,802 contract and stands to make a base salary of $977,519 for the 2017 season.

In 2016, Carr had thrown for 3,933yards while completing 63.7 percent of his passes to go along with 28 touchdowns and six interceptions.