Derek Carr became the highest paid player in NFL history earlier today when he signed a 5 year, $125 million contract extension. The $25 million a year annual value is a new benchmark and of course it came with every superlative there was, but there are a number of ways to benchmark contracts and generally APY is among the most limited so lets jump a little into some of the concepts that should be looked at with “market setting” contracts. Continue reading Thoughts on Derek Carr’s New Contract »
With Derek Carr eligible for a contract extension upon completion of this season, his third in the NFL, the Oakland Raiders and Carr’s representatives will likely sit down this offseason and try to hammer out a deal. The Raiders have managed their salary cap in fantastic fashion and are poised to extend Carr without too much difficulty. What will the extension terms look like? Much depends on how this season finishes out for Carr, but if he continues to play at a high level, he will be one of the highest paid players in the NFL.