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It’s a $40.5 MILLION PER YEAR CONTRACT! Unless it isn’t.
Previously, we pointed out that the Raiders could theoretically downsize quarterback Derek Carr after just one year for a total payout of $24.9 million. We’ve now looked at all the details of the deal.
Here you 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 injuries at signing and fully guaranteed on the third day of the 2023 Waiver Period.
4. 2024 base salary: $41.2 million, of which $7.5 million is guaranteed for injuries at signing and fully guaranteed on the third day of the 2023 waiver period.
5. 2025 base salary: $41.2 million.
6. Training Bonus 2022-25: $100,000 per year.
While there’s no reason to think the Raiders will pull the plug after just one season, they can if they want to — as long as Carr is healthy after the 2022 campaign.
They can also escape after two seasons, with Carr owing $7.5 million for 2024, which likely needs offsetting. 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 earn $35.525 million per year.