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Derek Carr, Raiders Reportedly 'Close' to Finalizing New Contract

The Oakland Raiders and quarterback Derek Carr are nearing an agreement on an extension that would pay him about $25 million a year, ESPN's Adam Schefter reported Wednesday.

According to Schefter, the contract could be completed by the end of the week. The San Francisco Chronicle's Vic Tafur reported both the Raiders and Carr are eager to get the deal completed.

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

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