Las Vegas Raiders quarterback Derek Carr has agreed to a three-year contract extension worth $121.5 million, a source confirmed to ESPN’s Jeremy Fowler.
Carr received a no-trade clause as part of the deal, the source told Fowler.
The deal, first reported by NFL Network on Wednesday, keeps Carr under contract with the Raiders through the 2025 season.
Carr, 31, is entering the final year of his current contract with the Raiders and will make just under $19.8 million in base salary in 2022. The three-time Pro Bowler spent his entire eight-year career with the Raiders after being drafted by them in the second round in 2014.
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Carr posted a career-high 4,804 yards and 23 touchdowns in 2021 and, despite a tumultuous season, led the Raiders to a 10-7 record and a wildcard berth in the AFC playoffs — their second postseason appearance since coach Jon Gruden’s 2002 retirement and the arrest of receiver Henry Ruggs III.
Carr is the Raiders’ all-time leader in passing yards (31,700) and touchdown passes (193).
Carr’s extension is the latest step in a busy offseason for the Raiders, who are targeting a postseason return in 2022 despite playing at the suddenly competitive AFC West.
The Raiders’ offseason pageant was to sign Davante Adams – a teammate of Carr’s at Fresno State – to a record-breaking contract after acquiring the star receiver in a trade with the Green Bay Packers. Las Vegas also signed edge rusher Chandler Jones to bolster the pass rush.
Carr is the longest-serving quarterback in the AFC West, which also includes 2018 Kansas City MVP Patrick Mahomes, third-year star Justin Herbert of the Los Angeles Chargers and Denver newcomer Russell Wilson .