Report: Raiders, Carr close to finalizing massive contract extension

Report: Raiders, Carr close to finalizing massive contract extension

The Raiders want to extend Derek Carr’s contract. The franchise quarterback wants a deal done by training camp. That timeline has always worked for both sides, which are committed to a long-term union.

They might not need the full allotment to complete this pact. The Raiders are close to completing a contract extension with Carr that could make be worth approximately $25 million per year, ESPN’s Adam Schefter reported on Wednesday afternoon.

That falls in line with the franchise quarterback market. Andrew Luck’s five-year contract is worth $24.6 million per year, and sources have long indicated that would be a launching point for Carr’s extension.

Carr himself was quick to point out a deal isn’t done. He said so on Twitter moments after the Schefter report, saying “Nothing done yet…trust me you will hear it here first.”

Carr’s right. A deal hasn’t been finalized, but the expectation is that it will happen. Schefter reports a deal could be done by the end of this week.

The start of training camp was Carr’s deadline – he said he’d play out his rookie contract if an extension wasn’t done by then -- but the 26-year old signal caller wants a deal done as soon as possible.

He doesn’t like talking about business. He hates it when teammates get asked about it. Carr wants focus on football, and signing a market-value contract extension will do exactly that.

A hometown discount was never in the cards. It never is in regard to franchise quarterbacks across the league. Their value is immense and they get paid accordingly. A proposed length of the deal remains uncertain and, with all NFL contracts, the devil’s in the details and guaranteed funds. Carr’s guaranteed figure should be high, especially in early portions of the contract.

The Raiders budgeted to pay Carr, right guard Gabe Jackson and edge rusher Khalil Mack in a relatively compact space. They have $32 million in salary cap space heading into the 2017 season, and could offer massive up-front money to their quarterback.

The contract would certainly set a franchise record and could make Carr the NFLs highest paid player. He’s in line for such status now because he slipped to the 2014 NFL draft’s second round – fifth-year contract options are only available to first-round picks – and his emergence as an MVP candidate last year.

Carr has made giant leaps in each of the last two seasons. Last year was his best. Carr had 3,937 passing yards 28 touchdowns, six interceptions, a 96.7 passer rating and seven-fourth quarter comebacks during a 12-4 campaign that snapped a long Raiders playoff drought. Carr broke his fibula in Week 16 and his absence proved his value. The Raiders struggled mightily without him, and were bounced in the postseason opener. He’s completely healthy and again and has been a full participant in the Raiders offseason program. That stretch ended last week. Carr is expected to start training camp with a long-term contract completed.

Reports: Former Broncos, Jets, Titans WR visiting Raiders


Reports: Former Broncos, Jets, Titans WR visiting Raiders

As the Raiders overhaul their receiving corps, they are meeting with a versatile veteran on Tuesday.

Eric Decker, who spent the 2017 season with the Titans, is visiting the Raiders, according to The Athletic and ESPN.

A third-round pick out of Minnesota in 2010, the 31-year-old Decker spent the first four seasons of his career with the Broncos. He put up huge numbers in 2012 and 2013 with 2,352 receiving yards and 24 total touchdowns over those two seasons.

He turned his success with the Broncos into a five-year, $36 million contract with the Jets. He lived up to the contract the first two seasons, but after playing in just three games in 2016, the Jets released him.

So far this offseason, the Raiders have added veteran Jordy Nelson and Griff Whalen while releasing Michael Crabtree and trading Cordarrelle Patterson to New England.

Report: Raiders trade FB Jamize Olawale to Cowboys


Report: Raiders trade FB Jamize Olawale to Cowboys

The Raiders lured fullback Keith Smith away from Dallas in free agency. The Cowboys suddenly had a need at the position, and called a Raiders team with a surplus.

They wanted Jamize Olawale, a tough, faster-than-you-think blocking back with receiving skill.

A draft pick swap got it done.

The Raiders traded Olawale and the No. 192 overall pick to Dallas for the No. 173 overall selection. NFL Network first reported the news. The Dallas Morning News revealed trade details.

The Raiders didn’t have a fifth-round pick this year, but now have two after trading Olawale and WR Cordarrelle Patterson in combination with a glut of sixth-round selections. They still have four remaining.

Smith is more of a true blocking fullback Gruden sought. Olawale doesn’t fit that old school mold, but is a versatile player who can produce if used correctly. He has dealt with injuries in the recent past, which also may have been a knock against him.

This thins the running back room a bit, but more ball carriers will be jettisoned before the season starts.

The trade also saved $1.6 million in salary cap space, important for a team where every little bit counts this offseason.

Olawale returns to the team that originally signed him as an 2012 undrafted free agent. He was cut at preseason’s end, and picked up by Oakland. He enjoyed a productive tenure in silver and black, though he wasn’t used much by 2016 offensive coordinator Todd Downing.

The Raiders aren’t necessarily done in free agency. They have a little cap space left, and could look for another receiver or defensive lineman. Middle linebacker NaVorro Bowman remains on the open market, and the Raiders hope to have him back.