Derek Carr pushes bar $271,000 higher

Getty Images

Raiders quarterback Derek Carr is now the highest paid quarterback in league history. Sort of.

Under the so-called “new money” analysis, Carr’s five-year, $125 million extension has a value of $25 million, via Ian Rapoport of NFL Media. That trumps the $24.769 million new-money average received a year ago by Colts quarterback Andrew Luck by a mere $271,000.

Based on total value at signing, Luck’s deal is technically better. He inked a six-year, $140 million deal. Carr will make $126.127 million over six years. That happened because Luck did his deal after playing four years, trading in the fifth-year option of $16.155 million for his new contract. Carr, a second-round pick, received his new deal a year earlier, with only $1.127 million still due in what would have been the fourth and final year of his deal.

The basic numbers of the deal represent the starting point, not the ending point, of the analysis. Three years ago, the agents leaked (and the info robots lapped up) a load of crap regarding the Colin Kaepernick contract. Be wary of any further information about the value of the deal until the real numbers are filed with the league and the union.

The most important questions as to this specific contract will be the signing bonus, the fully guaranteed money at signing, and (since true franchise quarterbacks tend to not get cut or squeezed to take less) the cash flow on the back end of the deal. Since the contract was reported as a lump sum, it appears Carr did not come the first player to receive protection against ongoing cap spikes in the form of a set percentage of the salary cap in future years.

Also relevant to Carr will be the payments pushed to 2019, when he likely will be moving from a state with obscenely high personal income tax to Nevada, which has none.

There’s no question that Carr has received an extremely significant financial reward. The full significance as to Carr, and as to other quarterbacks who will be trying to push the $25-million-per-year-in-new-money bar even higher, remains to be seen.

38 responses to “Derek Carr pushes bar $271,000 higher

  1. olefballcoach says:
    Jun 22, 2017 10:35 AM
    Now pay Cousins
    ———————-
    Don’t worry, San Fran will next year when he joins them.

  2. It’ll be interesting to see how much of the guaranteed $$$ is paid as salary rather than bonus. McKenzie generally uses a pay-as-you go model with the guarantees paid as salary rather than bonus to prevent prorated dead money in future years. I suspect that with the huge amounts of guarantees Carr is getting, some will have to be allocated to bonus but I expect a lot to be up-front salary.

    Now that Carr’s taken care of, it’s time for McKenzie to zoom-in on extending another home-grown star in Gabe Jackson.

  3. Solid deal for DC, now lets hope he can find a way to beat the chiefs.

    Raiders still had the 5th most cap space, time to get Mack locked in for ever as well.

  4. Great news for the Kansas City Chiefs !!!!!!!
    Grossly overpaying for a mediocre QB who has accomplished absolutely nothing in the league so far, will hamstring the Raiders for years.
    Patrick Mahomes will end up being much better, and at less than 1/4 the salary.
    Heck Alex Smith SWEPT the Raiders……hahaha
    Chiefs Nation applauds this inept move by the Oakland/Los Angeles/Las Vegas Raiders.

  5. Congrats to Carr!!! Raider for life!!!

    I live in Nevada , and love that we don’t have personal income taxes. What I don’t like is that we are currently laying off teachers, have over crowded schools, and are dead last in this country in education. We are also currently closing down fire stations and consolidating fire departments between counties and cities due to budget constraints. We lead the country in violent crimes per capita, and are also near dead last in state gov’t expenditures for police services. We also have mediocre health care….but we do have Tesla!

    GO RAIDERS!!!!

  6. I think he’s an awesome quarterback and the Raiders are lucky to have him, but come on. Is he really worth this kind of dough? There is something to be said, though, about how much even an average starter is worth in today’s NFL.

  7. From the cajones to draft the best QB in that class (and growing NFL Face) despite a last name that scared off most other franchises to locking him up for the future – In Reggie We Trust!

    ONE NATION!

  8. It’s also reported much of the Money will be paid on the back end when Carr is living in Vegas paying 0 state income tax

  9. Raiders fans LOVE Derek Carr!

    I believe when his career is over he will be considered the greatesr QB in the history of the franchise. The talent, the leadership, remaining humble, it’s all there!

  10. The key is the “highest paid player” differential. He is the highest paid player by .5% which shows that he actually took less of the Raiders money than Luck did of the Colts. Hard cap. Since Luck’s deal was early, the cap was lower.

    “Highest pay player” status. I am glad that DC did not try to set a new bar. If he had chosen to go the Cousins route, it would have been insane. The Raiders have their franchise QB. They are going to a state with no income tax. They are operating at a competitive advantage.

    And honestly, LV is almost color blind. All they care about is green or not green. So they will be able to recruit well.

    I look at the Raiders as one of the teams to beat for the next decade.

  11. Derek Carr is worth every penny.

    Leadership, cannon arm, accuracy, scrambler, not a selfish “me first” guy, humble, picks up his teammates, good “face of the franchise,” tough as nails and smart.

    A winning Raiders team is good for the game of football.

    Go Raiders!

  12. Well if Carr got that much money in his contract and Kirk Cousins has more experience and better stats, then KC and his agent will be asking for the same money or more. Oh well, this will probably be KC’s last season with the Redskins.

  13. Every year the contracts for QBs get higher.

    So each year that Kirk signs a franchise tag, not only is he is making a ton of money(18M, 24M, 35M)…. each year he waits, the bigger his contract will be.

    Good job Dan and Bruce.

  14. What’s the big deal? That’s the average salary of any good QB … good QBs can attract good FA players to come for less money just ask Belichick.

  15. Once a team pays any player that much, how do you afford to put enough quality players around him to win a SB?

    Has there been a team that has won a SB with a QB with a cap hit of $20 million or more?

  16. Sooooo, some are saying paying that much for a franchise QB is a recipe for disaster, it could be. However, I know another recipe for disaster; letting a franchise QB walk and hoping you find another one.

  17. twinfan24 says:

    Has there been a team that has won a SB with a QB with a cap hit of $20 million or more?

    #######################

    The Vikings haven’t won any of their Superbowls paying that kind of money.

  18. purplepeople1 says:
    Jun 22, 2017 3:42 PM
    Haha all these people claiming he’s the best young quarterback we will see couple years down the road when he’s washed up like his brother.

    —————————

    you thinking that somehow that would offset people correctly saying that right NOW he’s the best young QB…

    your brain sucks.

  19. 1. Big Ben
    2. Carr
    3. Brady*
    ——————–
    Good for the Raiders locking up the 2nd best QB in the AFC. It’s pretty obvious that Ben needs a big raise.

  20. Has there been a team that has won a SB with a QB with a cap hit of $20 million or more?
    =====

    Yes.

    Aaron Rodgers signed his deal in 2008, averaging $22mil/per.

    The Packers won the Title in 2010.

Leave a Reply

You must be logged in to leave a comment. Not a member? Register now!