Wednesday, June 3, 2026

Derek Carr Becomes 5th-Highest-Paid QB with $121.5M Extension

  • The three-year deal will keep the Raiders quarterback in Las Vegas through the 2025 season.
  • His $40.5M AAV will rank fifth in the NFL in ’23.
Kirby Lee-USA TODAY Sports

A month ago, the Raiders made a blockbuster trade to bring Davante Adams to Las Vegas — reuniting the wideout with his college quarterback. 

On Wednesday, Derek Carr reportedly agreed to a three-year, $121.5 million extension, keeping him under contract through 2025 and including a no-trade clause.

At 31, the longest-tenured QB in the AFC West is finally getting paid like a top-tier signal-caller.

  • Carr is set to earn $19.9M this season (No. 15 among QBs) — the last of his five-year, $125M extension from 2017.
  • When his new extension starts in 2023, he’ll be the seventh player to ever earn $40M per year.
  • His $40.5M AAV will rank fifth in the NFL (Aaron Rodgers, Deshaun Watson, Patrick Mahomes, Josh Allen).
  • He threw for a career-high 4,804 yards and tossed 23 TDs in 2021; he holds the franchise record in passing yards (31,700) and TD passes (193).

Though Carr is fifth among active QBs for both game-winning drives (30) and fourth-quarter comebacks (24), he’s led the Raiders to just two postseasons and hasn’t won a playoff game

But if the Vegas fanbase is excited for Year 1 of the Carr-Adams duo, bookmakers aren’t convinced just yet: The Raiders have the 17th-best odds to win the Super Bowl (+3,500).

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

CFP Tweaks Schedule to Avoid More Head-to-Head NFL Clashes

The CFP is taking new measures to avoid competition with the NFL.
Lee Corso puts on the Brutus helmet as he makes his final pick between Kirk Herbstreit and Pat McAfee prior to the NCAA football game between the Ohio State Buckeyes and the Texas Longhorns at Ohio Stadium on Aug. 30, 2025.
exclusive

Pat McAfee in Early Extension Talks With ESPN

McAfee’s current five-year deal with ESPN isn’t up until 2028.

Myles Garrett Trade Makes All-In Rams an Even Bigger TV Draw

The Super Bowl LXI favorite goes even more all-in.

Featured Today

The Elite High Schools Hosting World Cup Teams

Spain, Morocco, Croatia, and Switzerland chose schools as their tournament base camps.
Frances Cabral-Delaney
May 29, 2026

How Arsenal Fandom Went ‘Manic’

“People do not become Arsenal fans because it’s easy,” says Zohran Mamdani.
May 23, 2026; Anaheim, California, USA; Fans participate in a tarp off during a MLB game between the Los Angeles Angels and the Texas Rangers at Angel Stadium
May 28, 2026

‘Tarps Off’: How Shirtless Fans Took Over MLB

The viral movement began with the SFA club baseball team.
Apr 6, 2026; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) walks to the on deck circle during the game against the Texas Rangers at Globe Life Field
May 28, 2026

Why Ballparks Are Louder Than Ever

Some stadiums sound like veritable nightclubs. How did we get here?

The $3 Million Player Who Changed The Spurs Season

The Spurs went 39–11 with Julian Champagnie as a starter.
Jun 3, 2026; Paris, France; Maja Chwalinska of Poland tosses the ball to serve during her match against Anna Kalinskaya on day 10 at Stade Roland Garros.
June 3, 2026

French Open’s Cinderella Runs May Not Play in Wimbledon

Wimbledon finalizes its entries in mid-May, before the French Open ends.
Jun 2, 2026; San Antonio, TX, USA; San Antonio Spurs forward Victor Wembanyama (1) looks over during practice on media day for the 2026 NBA Finals at Frost Bank Center.
June 3, 2026

Will There Be a Wemby Effect for NBA Finals in France?

France will have two Finals broadcasters for the first time.
Sponsored

Landon Donovan: What Soccer in America Still Needs

Landon Donovan discusses the evolution of soccer in America and investing in the NWSL.
Jun 2, 2026; Raleigh, North Carolina, USA; Vegas Golden Knights goaltender Carter Hart (79) prepares for the fdfirst period against the Carolina Hurricanes in game one of the 2026 Stanley Cup Final at Lenovo Center
June 3, 2026

Hockey Canada Trial Looms Over Hart in Stanley Cup Playoffs

Carolina fans broke out into a “no means no” chant.
June 3, 2026

Landon Donovan Thinks World Cup Will Boost MLS

Donovan argues hosting World Cup games will lead owners to spend more.
FILE PHOTO: Golden State Warriors guard Stephen Curry (30) smiles on the court after defeating the Los Angeles Clippers during the play-in rounds of the 2026 NBA Playoffs at Intuit Dome.
June 2, 2026

Curry’s Li-Ning Deal Is a Shot at His Own Jordan Brand

The NBA star signed a reported 10-year, $300 million deal with Li-Ning.
Serena Williams with her daughter Olympia, left, cheers for the Los Angeles Golf Club who won the TGL finals against Jupiter Links GC at SoFi Center on March 24, 2026, in Palm Beach Gardens, Florida.
June 1, 2026

Serena Williams Confirms Tennis Comeback With Doubles Wild Card

The 23-time Grand Slam winner will play at the Queen’s Club Championship.