It appears Raiders fans have gotten their wish. Along with the team and Michael Crabtree as he has been signed a contract extension as first reported by Adam Caplan. The deal is said to be a 4-year extension worth $35 million. He gets nearly $19 million guaranteed according to Ian Rapoport, putting him at an average of $8.75 million per season.
The six-year NFL veteran receiver signed a one-year free agent deal with the Raiders this offseason. He has had a resurgent season with the Raiders and many thought he would wait and test the free agent market before deciding on whether or not to re-sign with the Raiders.
Crabtree made just over $3 million this season. His new figure puts him among the top 15 NFL receivers. He is currently 26th in the league in receiving yards (760), 14th in catches (66), and tied for 9th in receiving touchdowns (9). That puts him on pace for 88 catches for 1013 yards and 12 TD's which would be a career high in catches and TD's and his second highest yards total.
Very few teams are expected to have the kind of cap money available that the Raiders will this offseason. It is very easy for the Raiders to offer him the kind of guaranteed money up front that was hard to match elsewhere.
At 28, Crabtree could be entering his final NFL contract. He likely realizes he is in a favorable situation in Oakland with a young quarterback in Derek Carr with whom he has chemistry. A quality that holds great value to him after his experience in San Francisco the past couple seasons.