Carr has been in contract negotiations with the Raiders, with news this week that he was looking at a big-time agreement that would give him about $25 million per season.
This morning, Carr posted a message Twitter seeming to confirm the deal was done: “Business done! Let’s just play now!!!”
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According to NFL.com, Carr signed a five-year $125 million extension, which elevates him “over Indianapolis Colts quarterback Andrew Luck as the league's highest paid player in terms of average money per year.”
Carr was recently named to the Top 100 NFL Players List.