Oakland Raiders nearing big money contract extension with Derek Carr

Photo by Scott Clarke / ESPN Images(OAKLAND, Calif.) — Quarterback Derek Carr and the Oakland Raiders could be close to a contract extension worth more annually than any contract ever given to a quarterback, ESPN reports.

Sources tell ESPN that Carr and the Raiders are nearing a deal that would pay the third-year signal-caller about $25 million per year. The contract is expected to be signed by the time the training camp deadline Carr had provided for negotiations arrives.

Indianapolis Colts quarterback Andrew Luck is currently the highest paid player in terms of annual salary at $24.6 million per season. Only Arizona Cardinals QB Carson Palmer and New Orleans Saints quarterback Drew Brees are also above $24 million annually.

Washington Redskins quarterback Kirk Cousins currently earns $23.9 million per year, but is working on a long-term deal.

Carr’s 3,937 passing yards and 28 touchdowns last season helped lead the Raiders to their first postseason berth in nearly 15 years. He suffered a broken fibula in Week 16, however, missing the playoff loss to the Houston Texans.

At team minicamp, Carr has said that he’s just happy to be back. “As soon as the ball was snapped, it was a blessing,” Carr said. “It kind of all went away.”

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