Derek Carr gets $40 million guaranteed at signing

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The Raiders and quarterback Derek Carr have agreed to a five-year extension that is worth up to $125 million over the life of the deal.

As any longtime follower of NFL contracts is well aware, however, the details of how the deal is structured in terms of guaranteed money provides a fuller view of how much money a player will see over the life of the contract. According to multiple reports, Carr’s deal gives him $40 million in fully guaranteed money at the time of signing. There are reportedly $70 million in total guarantees, but it’s not clear how those are structured.

The $40 million at signing is less than Colts quarterback Andrew Luck received as part of the extension he signed a year ago. Luck had another $16 million guaranteed on the fifth day of this league year and the contract, which has a slightly lower annual average value, included $87 million guaranteed for injury in total.

Michael Gehlken of the Las Vegas Review-Journal reports that Carr’s deal also includes a delayed cash flow that will enable the quarterback to take advantage of the lack of income tax in Nevada once the Raiders move to Las Vegas and should help the team find money to use on extensions for defensive end Khalil Mack and guard Gabe Jackson.

57 responses to “Derek Carr gets $40 million guaranteed at signing

  1. I remember when Jamarcus got over 31mill guaranteed without even playing yet.

    This is much better.

  2. Well deserved. I think he will be worth every penny. He has progressed every season and shows no signs of stopping. Hate on haters….
    RAIDER NATION BABY!

  3. 16 Million lower guarantee than Luck, no way I would have agreed to it (sarcasm). These QB salaries are getting out of control.

  4. Unless you are a goof, $ 40 Million should be enough for you and your family to last the rest of your life and live comfortably. Anything over that ( and most of the $40 MM) should just be numbers on paper in your bank and brokerage accounts. You don’t have to get every last dime, leave some so that your GM can get and keep a good team.

  5. Wait – you’re telling me employees actually make MORE MONEY in a low- or no-tax State? Really? And the State doesn’t disappear into an abyss? And people aren’t writhing in agony at their jobs because they aren’t taxed more? What?

  6. Imagine if this guy craps himself because Marshawn Lynch is cooked and they don’t have the run game he actually needs to be effective?

    Cap hell has arrived in Oakland.

    Mack due next.

    This means their drafts better be very good from here on out or it’s a failure.

  7. It’ll be interesting to see how much of the guarantees are in the form of salary vs. bonuses. McKenzie has favored the pay-as-you-go approach which is more cap friendly (minimizes future years’ dead money).

    Looking forward to seeing Gabe Jackson being extended next.

  8. araidersfan says:
    Jun 22, 2017 12:49 PM
    It’ll be interesting to see how much of the guarantees are in the form of salary vs. bonuses. McKenzie has favored the pay-as-you-go approach which is more cap friendly (minimizes future years’ dead money).

    Looking forward to seeing Gabe Jackson being extended next.

    ————-

    You have no idea what you’re talking about here. Every team takes on dead money. What matter is the guaranteed money and how they spread it out over his tenure there.

    Bottom line is, a LARGE part of your cap will be taken up by Carr Jr.

    His brother sucked and he’s only marginally better. Can’t get away with nhiding behind a run game forever in the cap era/QB/pass happy league because there are too many above average QBs who will outduel him.

  9. Pats fan is jealous because Brady’s at the end and Carr is at the beginning.

    Just cry, baby.

  10. This will look like a bargain in two years! Congratulations to Carr and The Raiders for getting this done. It also gives Carr another bite at the apple during his prime.

  11. Raider Nation better hope that Carr #1 stays healthy & #2 lives up to this contract. If he ‘regresses to the mean’ it’s going to be a long 5 years in Oakland, wait what? Oh I mean in Vegas.

  12. tylawspick6 says:
    Jun 22, 2017 12:48 PM

    Imagine if this guy craps himself because Marshawn Lynch is cooked and they don’t have the run game he actually needs to be effective?

    Cap hell has arrived in Oakland.

    Mack due next.

    This means their drafts better be very good from here on out or it’s a failure.

    5th most cap space in the league.

    but keep telling yourself its cap hell.

  13. tylawspick6 says:
    Jun 22, 2017 1:01 PM
    araidersfan says:
    Jun 22, 2017 12:49 PM
    It’ll be interesting to see how much of the guarantees are in the form of salary vs. bonuses. McKenzie has favored the pay-as-you-go approach which is more cap friendly (minimizes future years’ dead money).

    Looking forward to seeing Gabe Jackson being extended next.

    ————-

    You have no idea what you’re talking about here. Every team takes on dead money. What matter is the guaranteed money and how they spread it out over his tenure there.

    Bottom line is, a LARGE part of your cap will be taken up by Carr Jr.

    His brother sucked and he’s only marginally better. Can’t get away with nhiding behind a run game forever in the cap era/QB/pass happy league because there are too many above average QBs who will outduel him.

    =============

    Actually, you are the one who is talking nonsense. Guarantees in the form of salary the current year is charged to the cap for that year with no amounts counting against the cap in future years (i.e. no dead money). Bonus payments are prorated over the length of the contract so that the prorated amounts are dead money in those future years. Try to do some research.

    As for Carr’s older brother, again do some research. He played behind one of the worst o-lines in history Houston which was the reason he washed-out. Put Brady behind that line and he wouldn’t have lasted either.

  14. Plus he gets all that money for playing the Winter Soldier in the Captain America movies.

  15. with over 30 million in cap space this year, I am sure the signing bonus is front loaded, as they will have to have room for Mack, and Jackson. Interesting in 2018 when the top 12 of 15 raiders players with the highest payroll (approx 75 million in cap space) can be cut with no dead money.

    Go Raiders, and keep it going Reggie!

  16. Trolls say the team overpaid. Trolls say Carr is terrible.

    Same trolls would love Carr on their team. Same trolls would clown the team if this turned into a holdout.

  17. ‘Carr’s ultimate goal was to maximize earnings without handcuffing the organization, and that’s setting up well. His deal will help in that regard, but the Raiders have also budgeted to extend several members of their young core. They have financial flexibility in future seasons and upfront salary cap space.’

  18. The chowds just can’t stop thinking about the RAIDERS.

    One franchise ready for descent (gonna happen eventually, you know it tylawspick6) one franchise ascending.

    RAIDERS are the immediate future, patsies are saddling up for the ride into the sunset.

    Carry on.

    RAIDER NATION

  19. Reggie taking the early lead for GM of the Year.

    Sounds like a very fair, but team-friendly deal.

  20. seanskol says:
    Jun 22, 2017 12:45 PM
    Wait – you’re telling me employees actually make MORE MONEY in a low- or no-tax State? Really? And the State doesn’t disappear into an abyss? And people aren’t writhing in agony at their jobs because they aren’t taxed more? What?
    ____________________________

    There’s no upkeep on sand.

  21. seanskol | Jun 22, 2017, 12:45 PM EDT

    Wait – you’re telling me employees actually make MORE MONEY in a low- or no-tax State? Really? And the State doesn’t disappear into an abyss? And people aren’t writhing in agony at their jobs because they aren’t taxed more? What?

    ————

    Surely you understand that such States don’t disappear into an abyss because they simply make up much of the “lost” revenue through higher tax rates in other areas. States with low or no income tax, like Tennessee and Washington, have some of the highest tax rates in the nation in other areas. Tennessee, for instance, has one of the highest sales tax rates. Washington has one of the highest gasoline tax rates. And so on. Sure the overall tax payment for residents in these States might be lower, but it’s not as drastic as your post implies.

  22. The chowds just can’t stop thinking about the RAIDERS.

    One franchise ready for descent (gonna happen eventually, you know it tylawspick6) one franchise ascending.

    RAIDERS are the immediate future, patsies are saddling up for the ride into the sunset.

    Carry on.

    RAIDER NATION
    _______________________________
    ready for descent? LOL! just another home skouled Raider fan. As for your challenge to the reigning world champ Pats, maybe your team should try winning one playoff game since 2002. Get it? You may go now.

  23. The chowds just can’t stop thinking about the RAIDERS.

    One franchise ready for descent (gonna happen eventually, you know it tylawspick6) one franchise ascending.

    RAIDERS are the immediate future, patsies are saddling up for the ride into the sunset.

    Carry on.

    RAIDER NATION
    _______________________________
    ready for descent? LOL! just another home schooled Raider fan. As for your challenge to the reigning world champ Pats, maybe your team should try winning one playoff game since 2002. Get it? You may go now.

  24. To all the dumb haters:

    1) How many QBs have thrown more TDs than Carr in their first 3 years? Hint: It’s a VERY short list headed by a guy named Marino who turned out to be “pretty good”.

    2) Carr gets $40 million guaranteed and that’s what Cousins will have made over the last 2 years alone and will get even more in the future. Which QB would you rather have? Except Skins Kool Aid drinkers, the rest of us know the right answer!

    One Nation!

  25. h0metownzero says:
    Jun 22, 2017 2:57 PM

    Who could ever forget all those Viking fans bragging to Oakland about how much better Bridgewater is.
    ____

    He was better their rookie seasons, when those comparisons were being made.

  26. joetoronto says:
    Jun 22, 2017 1:03 PM
    Pats fan is jealous because Brady’s at the end and Carr is at the beginning.

    Just cry, baby.

    Not much better than bold predictions to cut & save for later. 1/2 of that particular prediction has been popular among a certain segment for the last 7 or 8 years now.

    A couple of years ago we were being told Brady was on the way out and the new paradigm for QB play was that guy who liked to kneel during the anthem.

  27. I said it the day he got drafted that he was the best of that class….Bortles, Bridgewater, Manziel all went ahead of him
    The Raiders scored and Derek will be a star in the NFL for years and the others………we all know how that turned out.
    Congrats Derek…..from the Valley

    Go Dogs!!!

  28. As a Chargers fan I’m happy to see them lock him up, as this kid is the real Deal and a heck of a lot of fun to watch play. The Raiders are a viable threat and will contend for the next 3-5 years. I truly believe they are in a win now mode and will worry about restructuring deals circa 2021. All the nonsense about cap he’ll come from uninformed individuals. I dislike the team but I respect what they’ve done and the competition. And what’s with the obsession some of you fans have with the Patriots?! Really though, and I say this without “hating”, they are on the throne until Brady retires, which will be for the next 4 years at least. Glad to see RaiderApologist and a few others with smarts stay away from the hyperbole.

  29. Carr should not have signed a 5 year deal—he will be underpaid in 2 or 3 years considering the QB’s that will be pushing the salaries higher in the next 3 years. The Raiders got a heck of a deal. Cousins seems to be the only QB that has thing QB compensation figured out.

  30. joetoronto says:
    Jun 22, 2017 12:27 PM
    Thank God we have a real QB, unlike the Bronco’s, Bills and so many other teams.

    ———–

    I have seen Bengals fans make the same claim…..

  31. h0metownzero says:
    Jun 22, 2017 2:57 PM

    Who could ever forget all those Viking fans bragging to Oakland about how much better Bridgewater is.
    ____

    Actually, Teddy has more playoff wins

  32. seanskol | Jun 22, 2017, 12:45 PM EDT

    Wait – you’re telling me employees actually make MORE MONEY in a low- or no-tax State? Really? And the State doesn’t disappear into an abyss? And people aren’t writhing in agony at their jobs because they aren’t taxed more? What?

    ————

    California has 39 million residents to Navada’s 3.9 million. Plus they tax gambling winnings at 30%. Different tax same cows.

  33. I love that Carr is signed for the next 5 years. My concern is at what price are QB’s going to get in 10 years? Soon, a team will only be able to sign 2 or 3 great players. Teams and players are going to price themselves out of a job. Where does it stop?

  34. Surely you understand that such States don’t disappear into an abyss because they simply make up much of the “lost” revenue through higher tax rates in other areas. States with low or no income tax, like Tennessee and Washington, have some of the highest tax rates in the nation in other areas. Tennessee, for instance, has one of the highest sales tax rates. Washington has one of the highest gasoline tax rates. And so on. Sure the overall tax payment for residents in these States might be lower, but it’s not as drastic as your post implies.
    _-_____________________________-___

    California is top 5 in every tax there is, maybe top 3. Gotta pay for all of BaeBae’s kids and the people who live off of others.

  35. In his first three years Carr has:
    12 4th Qtr comebacks (most of ANY qb in thier 1st three seasons), which is three more than Peyton Manning and John Elway.
    Only QB with 80+ TD passes and fewer than 40 int’s in 1st 3 seasons.

    source per the NFL

  36. Very glad for Derek and for the Raiders. Look forward to playing them in Miami this season.
    A comment on bonus and guaranteed money.
    There is very little difference because a bonus is guaranteed money paid up front.
    In this case whether Carr gets a 40 million dollar up front or 8 million guaranteed over the five year contract it has the same effect on the cap. It will be charged at 8 million/yr either way.
    The differences are if things do not work out and if Carr is traded or gets suspended or just decides to retire (all are very unlikely)
    If Carr is traded the unused portion of the bonus is assessed against the Salary Cap immediately.
    If Carr is suspended or decides to retire in theory he owes the money. In practice teams do not usually get paid back.

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