The Oakland Raiders agreed to terms on a five-year, $125 million contract with quarterback Derek Carr on Tuesday, setting a record for average per year at $25 million. APY is always the first thing reported, but it is often the least important aspect of a contract. Guaranteed money, and more specifically, fully guaranteed money at signing is the real number to watch.
Carr’s deal can max out at $125 million, but only $70 million of it is guaranteed for injury, and $40 million of that is fully guaranteed at signing. That puts him behind Aaron Rodgers, Andrew Luck, Joe Flacco, Matt Ryan, and Cam Newton in that category.