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Oakland Raiders general manager Reggie McKenzie did not win 2017 Executive of the Year for nothing, as it appears that quarterback Derek Carr’s contract is actually a beneficial one for the team.
Oakland will have an out after 2018 if Carr performs poorly or a growing injury history catches up with him, which includes a broken fibula and dislocated finger from last season.
Carr’s contract is guaranteed for 2017 and 2018, however, it is technically not beyond those two seasons per ESPN’s Dan Graziano.
His 2019 guaranteed money doesn’t kick in until February of 2019, meaning the Raiders would have one month from the end of the regular season to cut Carr without taking a major salary cap hit, per Graziano.
[irp posts=”11335″ name=”3 reasons why Oakland Raiders’ Derek Carr is worth every penny”]
Not bad, but not earth-shattering. Guarantee structure means they could theoretically cut him after 2018. https://t.co/YFK2a04Z1A
— Dan Graziano (@DanGrazianoESPN) June 22, 2017
Carr’s deal is a five-year extension worth $125 million, however, his average salary per year from now until the deal ends is actually much less than the $25 million.
Carr, under his old contract, was due just $1.15 million in 2017, per Over the Cap. The last year of his rookie contract is now gone as he is expected to be paid $25 million in 2017, but Oakland isn’t going to give close to a $24 million raise for no reason.
They moved close to $24 million from the five-year extension into 2017. Therefore, from 2018-2022 he is going to get paid only $101 million, which is just over $20 million per year. This typical of front loading of a star’s contract is a mutually beneficial reality in the NFL.
While the chances of cutting Carr after 2018 are slim-to-none, allowing his team an out was yet another shrewd move by McKenzie.