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Done deal: Derek Carr signs record contract extension with Raiders

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Derek Carr confirmed Thursday morning, his deal with the Raiders is done, keeping their franchise signal caller under contract on a long term extension.

The deal is reportedly worth $125 million over 5 years according to NFL media’s Ian Rapoport. That puts the per year average at $25 million, making Carr the highest paid player in NFL history.

The deal is said to feature $40 million fully guaranteed at signing and $70 million in total guarantees. This extension keeps Carr a Raider until 2022.

The former 2nd round pick played himself into a franchise quarterback the past two seasons, even entering the MVP conversation late into last season, throwing for 3937 yards with 28 touchdowns and 6 interceptions in 15 games. Carr led the team to a 12-3 record with 6 comeback wins and an NFL record 5 game-winning touchdown passes.

He is entering the final year of his 4-year rookie contract, making this offseason the first time he was eligible to sign an extension. Reggie McKenzie and Jack Del Rio made no secret of their intention to lock in Carr long term this offseason. It was their top priority.

There was a bump in the road to the agreement, when Carr became reportedly frustrated with the lack of communication with regard to contract negotiations following the draft.

“We’ll let the draft happen, Reggie said he wanted to do it after the draft,” Carr said in April. “They’ve been talking a little bit to build it, but I’ll let them handle that.”

Carr went on to say if a deal hadn’t been done before camp, “I won’t answer my phone” to talk contract until after the season.

“I’m hoping that those things will pick up here soon, which we’re expecting anyway,” said Carr during OTA’s in late May. “They’ve been talking to Tim, my agent, and things like that. That should get going real soon I would hope because once training camp hits I’m all football. I’m not gonna distract my teammates and you guys are gonna want to know and things like that.”

It appears the plan was to dive head first into those talks once the team had completed their offseason program which wrapped up this time last week.