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Derek Carr and the Las Vegas Raiders came to terms on a three-year, $120.5 million contract agreement in April. Guaranteed funds are $65.2 million, of which $24.9 million is secured at signing. Carr's 2023 base salary and the first $7.5 million of his 2024 base salary are guaranteed if he is on the roster on the third day of the 2023 waiver period.
This extension for Carr contains a no-trade agreement and goes through the 2025 campaign.
Derek Carr declared in a press conference shortly after signing his deal, "I have only wanted to be a Raider. I also told my agent that I didn't want to play somewhere else; I either had to be a Raider or play golf. That is how important this place is to me."
How did Derek Carr earn a big contract in Las Vegas?
Carr's estimated yearly compensation of $40.5 million on his new agreement places him seventh among all QBs in terms of pay. That amount may surprise some, but the Las Vegas Raiders saw Carr set the team record for most passing yards in a season (4,804) last year.
He assisted the Raiders in making the postseason through a wild card slot in the challenging AFC West amid all of the problems the team faced last year, including the resignation of coach Jon Gruden, and came in at number eight in terms of passing attempts, passing yards per attempt, and passing yards per game. Before succumbing to defeat in Cincinnati in the playoffs, he steered Las Vegas to a 10-7 regular-season record.
Carr was the sole QB in the entire league to place among the top five in terms of passing yards and completion rate. He overtook Matthew Stafford to become the NFL's seventh-highest-paid quarterback thanks to the agreement.
He has spent his entire career with the Raiders as the starting QB whenever he's fit, and has played in three Pro Bowls. At the moment, he holds the team record for most throwing touchdowns, passing yards, and contests with a quarterback rating of at least 100 points, multiple-touchdown passing games, and 300-yard passing games.
What is Derek Carr’s net worth?
In 2022, Carr's net worth is anticipated to be $80 million. If his existing deal runs out in 2025, he would have earned a salary of $130,513,120 in the NFL.
Derek Carr has benefited significantly from endorsement deals in addition to big wages earned in the league. His earnings from his partnerships with Nike and Panini came to a little over $2 million.
