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.