Derek Carr agrees to 3-year, $121.5 million extension with Las Vegas Raiders, source confirms

Las Vegas Raiders quarterback Derek Carr has agreed to a three-year contract extension worth $121.5 million, according to ESPN's Jeremy Fowler and multiple reports.

Carr received a no-trade clause as part of the deal, a source told Fowler.

The deal, which was first reported Wednesday by NFL Network, keeps Carr under contract with the Raiders through the 2025 season.

Carr, 31, is entering the final year of his current contract with the Raiders and will make just under $19.8 million in base salary in 2022. The three-time Pro Bowler has spent his entire eight-year career with the Raiders after being drafted in the second round in 2014.