Derek Carr, the record-setting Fresno State quarterback taken in the second round of this month's NFL draft, has signed a four-year contract with the Oakland Raiders.
Carr became the fifth of the team's eight picks from this year's class to sign, with General Manager Reggie McKenzie announcing the agreement Wednesday.
The deal is worth $5,371,802, according to NFL.com's Ian Rapoport, who cited an anonymous source who has seen the contract.
"I feel great," said Carr, who last week took part in a Raiders rookie mini-camp. "I'm excited. I'm excited that this part of it is over and now we can just get to work and focus on winning games and getting better every day."
Carr was selected 36th overall after setting 27 school and 21 Mountain West Conference records.
The 6-foot-3, 214-pounder was a two-time Mountain West Offensive Player of the Year (2012-13) and two-time All-America selection. His career totals include 12,842 passing yards on 1,086-of-1,630 passing with 113 touchdowns and just 24 interceptions.
Carr is third on Oakland's depth chart behind veteran starter Matt Schaub and second-year QB Matt McGloin, who started six games last season.