Report: Raiders mulling Derek Carr contract extension with 2 years left on current deal

Derek Carr contract extension
The Raiders are reportedly mulling over a Derek Carr contract extension.

A report of a Derek Carr contract extension could bring the quarterback closer to his goal of becoming a “Raider for Life.” A report from Sports Illustrated’s Raider Maven stated the Raiders may be mulling such a deal.

The report lists ESPN’s Jeremy Fowler as the first with this report.

Carr has been with the Raiders since being drafted by the Silver & Black in being selected in the second round of the 2014 draft. He currently still has two years and $50 million on a five-year deal he signed in 2017 that was worth $125 million. At that time, that made Carr the highest paid player in the NFL.

As it stands right now, Carr will make $19.5 million in salary and $2.5 million as part of his signing bonus. In 2022, he will earn $19.7 million. He also has $100,000 workout bonuses for both 2021 and 2022.

He is set to become a free agent in 2023, barring an extension to his current deal.

Timing odd for Carr contract extension talks

Reports of a Derek Carr contract extension would seem a little unnecessary at this time as the Raiders quarterback has been a polarizing figure during his tenure with Raider Nation.

Last season, Carr threw for 4,103 yards with 27 touchdowns and only nine interceptions. His numbers were solid overall, but the team failed to make the playoffs for the fourth straight year.

Derek Carr contract extension
Derek Carr spoke with the media today and said he’d rather quit football than play for anyone else. Photo: Las Vegas Raiders

Carr has a cap number of $22.1 million for 2021, which ranks him eighth overall in the league. However, it’s still a fairly manageable number considering the Packers Aaron Rodgers has a $37.2 million number and the Seahawks Russell Wilson is at $32 million.

VegasSportsToday.com speculated in March that a potential Derek Carr contract extension could be for between $30-$35 million per season.

Carr contract extension talks may be about loyalty

Perhaps talks of a contract extension for Derek Carr relate back to the quarterback’s recent comments about wanting to be a Raider or Life.

At a recent news conference, Carr said:

“There’s still more and I want to do it here. I don’t want to do it anywhere else. I’ve said it over and over again. I’d probably quit football if I had to play for somebody else. I’m a Raider for my entire life. And I’m going to root for one team for the rest of my life and it’s the Raiders. I just feel that so strong in my heart. I don’t need a perfect situation, I believe that. I don’t need a perfect situation to make things right. I think we can all agree if we were able to pull it off and win a championship here, that would feel much better than just piling a whole bunch of great players together and joining up and doing it that way. I think it would be much more special and it would probably feel a little bit better. From what we’ve been through to where I think we’re going, I just think personally, that would be a cooler story for my life. And for other people, if they want to do other things, that’s great. That’s up to them, but for me I’d rather go down with ship if I have to. That’s just my personality.”