The Oakland Raiders and Derek Carr officially agreed on a new contract, with the quarterback tweeting out the news Thursday morning. National media were quickly reporting the deal is for five years, and worth $125 million. The $25 million APY is officially the highest in NFL history.
Of course, as we have learned from virtually every NFL contract ever written, the APY is a mostly pointless number. The real news is how much guaranteed money a player gets. Few NFL contracts are fully guaranteed, with only one or two-year deals, and rookie first round picks getting full guarantees.