ALAMEDA, CALIFORNIA – Oakland Raiders quarterback Derek Carr finalized a five-year contract extension Thursday that will keep him with the team through the 2022 season.
Carr tweeted that an agreement had been reached to add five years to his current rookie deal that expires after this season. The contract will be worth $125 million, according to a person familiar with the deal who spoke to AP on condition of anonymity because terms were not released. NFL Network first reported the terms of the contract.
The Raiders are counting on Carr to be the face of the franchise when it moves to Las Vegas for the 2020 season and are paying him that way. The $25 million per year in new money is the richest contract ever in the NFL, beating out the $24.8 million a year Andrew Luck got from Indianapolis.
Both sides had expressed a strong interest in signing a long-term deal with Carr, who was scheduled to enter the final year of his rookie contract. Carr had imposed a deadline of the start of training camp in late July.
Carr has transformed the Raiders from a perennial loser into a contender after being drafted in the second round in 2014. He was part of a stellar draft class led by AP Defensive Player of the Year Khalil Mack and third-round guard Gabe Jackson, who have been key to Oakland’s turnaround.
He lost his first 10 starts as a rookie before winning seven games his second year and taking the Raiders to the playoffs in 2016 with a 12-4 record. Carr missed the final game of that season and the playoff loss to Houston with a broken leg.
But he’s healed now and a major reason why the Raiders are the preseason favorites to win the AFC West and contenders to dethrone the New England Patriots as the top team in the conference.
Carr has thrown for 11,194 yards in his first three seasons and ranks fourth all-time with 81 touchdown passes through three years, trailing only Dan Marino, Luck and Peyton Manning.
Chiefs extend Reid, fire GM
Andy Reid and John Dorsey arrived with the Kansas City Chiefs within weeks of each other, the coach and general manager given the massive undertaking of turning around a 2-14 franchise.
Reid will head into Year 5 by himself.
The Chiefs announced Thursday they had signed their coach to a contract extension, and then revealed less than an hour later that they parted ways with their GM. Those were massive decisions handed down by chairman Clark Hunt in a pair of statements on what is typically a quiet week in the offseason.