Back to the Top News Newsfeed

Raiders' Updated Salary Cap After Derek Carr's Reported $121.5M Contract Extension

The Las Vegas Raiders and quarterback Derek Carr reportedly agreed to a three-year, $121.5 million contract extension Wednesday.

Ian Rapoport of NFL Network reported the deal will be tacked on to the final season of Carr's current contract, keeping him with the Raiders through 2025. It also includes a no-trade clause, per Mike Garafolo of NFL Network.

Full terms of the extension weren't immediately announced, but it'll likely help Vegas open up more salary-cap space for 2022. It had just $5.1 million beforehand, per Spotrac.

This article will be updated to provide more information on this story as it becomes available.