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Report: Derek Carr, Raiders nearing record contract extension

ALAMEDA — The expected contract extension for Raiders quarterback Derek Carr could be coming sooner rather than later.

Carr, ESPN’s Adam Schefter reported Wednesday, is close to finalizing a multi-year agreement that could pay him an average of $25 million per season.

Raiders and Derek Carr are close to finalizing a deal expected to pay their quarterback about $25 million per year, per league sources.

Should the deal reach the $25 million threshold, the fourth-year quarterback out of Fresno State would become the NFL’s highest paid quarterback in terms of yearly average salary.