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

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).