Inside the Derek Carr deal
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It’s a $40.5 MILLION PER YEAR CONTRACT! Unless it isn’t.
Earlier, we pointed out that the Raiders could, in theory, cut quarterback Derek Carr after only one year, at a total payout of $24.9 million. We’ve now gotten a look at the full details of the deal.
Here they are.
1. Signing bonus: $7.5 million.
2. 2022 base salary: $17.4 million, fully guaranteed.
3. 2023 base salary: $32.9 million, guaranteed for injury at signing and fully guaranteed on the third day of the 2023 waivers period.
4. 2024 base salary: $41.2 million, $7.5 million of which is guaranteed for injury at signing and becomes fully guaranteed on the third day of the 2023 waivers period.
5. 2025 base salary: $41.2 million.
6. 2022-25 workout bonus: $100,000 per year.
Although there’s no reason to think the Raiders will pull the plug on the deal after only one season, they can if they want — as long as Carr is healthy after the 2022 campaign.
They can also escape after two seasons, with Carr owed $7.5 million for 2024, which likely is subject to offset. Or they can cut the cord after three seasons.
Regardless, the contract has some team-friendly aspects. If all four seasons are honored, Carr will make $35.525 million per year.
