Derek Carr signs $125 million contract with Raiders that will come with an interesting bonus when the team moves to Las Vegas

The Oakland Raiders and Derek Carr have come to an agreement on a contract extension that will make him the highest-paid player in the NFL based on average salary, according to NFL Network's Ian Rapoport..

Albert Breer of the MMQB reported that the deal is worth $125 million over five years while ESPN's Adam Schefter reported on Wednesday the deal is expected to pay an average of $25 million per year.

The yearly average pushes him just past Andrew Luck for the highest-paid player in the league.

Carr, who was drafted by the Raiders in the second round of the 2014 NFL Draft, had one year left on his rookie contract and was set to make $1 million this season. Unlike first-round draft picks, the Raiders did not have a fifth-year option on Carr, meaning he was eligible to sign an extension earlier.

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Derek Carr through his career
OAKLAND, CA - DECEMBER 24: Quarterback Derek Carr #4 of the Oakland Raiders throws the ball against the Indianapolis Colts in the second quarter on December 24, 2016 at Oakland-Alameda County Coliseum in Oakland, California. The Raiders won 33-25. (Photo by Brian Bahr/Getty Images)
INDIANAPOLIS, IN - FEBRUARY 23: Former Fresno State quarterback Derek Carr looks on during the 2014 NFL Combine at Lucas Oil Stadium on February 23, 2014 in Indianapolis, Indiana. (Photo by Joe Robbins/Getty Images)
ALAMEDA, CA - MAY 16: Derek Carr #4 of the Oakland Raiders participates in drills during Rookie Minicamp on May 16, 2014 in Alameda, California. (Photo by Thearon W. Henderson/Getty Images)
August 8, 2014Oakland Raiders quarterback Derek Carr (4) at the line of scrimmage at the Minnesota Vikings game versus Oakland Raiders at TCF Bank Stadium in Minneapolis MN. Vikings 10 and Raiders 6. (Photo by Brian Ekart/Icon SMI/Corbis via Getty Images)
GREEN BAY, WI - AUGUST 22: Derek Carr #4 of the Oakland Raiders warms up prior to a preseason game against the Green Bay Packers at Lambeau Field on August 22, 2014 in Green Bay, Wisconsin. The Packers defeated the Raiders 31-21. (Photo by John Konstantaras/Getty Images)
EAST RUTHERFORD, NJ - SEPTEMBER 07: (NEW YORK DAILIES OUT) Derek Carr #4 of the Oakland Raiders in action against the New York Jets on September 7, 2014 at MetLife Stadium in East Rutherford, New Jersey. The Jets defeated the Raiders 19-14. (Photo by Jim McIsaac/Getty Images)
OAKLAND, CA - OCTOBER 12: Derek Carr #4 of the Oakland Raiders looks on from the bench against the San Diego Chargers during the fourth quarter at the O.co Coliseum in Oakland, California. The Chargers won the game 31-28. (Photo by Thearon W. Henderson/Getty Images)
OAKLAND, CA - NOVEMBER 09: Quarterback Derek Carr #4 of the Oakland Raiders looks downfield against the Denver Broncos at O.co Coliseum on November 9, 2014 in Oakland, California. (Photo by Ezra Shaw/Getty Images)
SAN DIEGO, CA - NOVEMBER 16: Quarterback Derek Carr #4 of the Oakland Raiders reacts from the bench during the second half of the game against the San Diego Chargers at Qualcomm Stadium on November 16, 2014 in San Diego, California. (Photo by Harry How/Getty Images)
OAKLAND, CA - DECEMBER 7: Quarterback Derek Carr #4 of the Oakland Raiders celebrates a win against the San Francisco 49ers late in the fourth quarter on December 7, 2014 at O.co Coliseum in Oakland, California. The Raiders won 24-13. (Photo by Brian Bahr/Getty Images)
DENVER, CO - DECEMBER 28: Quarterback Derek Carr #4 of the Oakland Raiders passes against the Denver Broncos during a game at Sports Authority Field at Mile High on December 28, 2014 in Denver, Colorado. (Photo by Doug Pensinger/Getty Images)
DENVER, CO - DECEMBER 28: Quarterback Derek Carr #4 of the Oakland Raiders looks on before taking on the Denver Broncos at Sports Authority Field at Mile High on December 28, 2014 in Denver, Colorado. (Photo by Justin Edmonds/Getty Images)
OAKLAND, CA - SEPTEMBER 20: Derek Carr #4 of the Oakland Raiders celebrates a win over the Baltimore Ravens at Oakland-Alameda County Coliseum on September 20, 2015 in Oakland, California. (Photo by Ezra Shaw/Getty Images)
SAN DIEGO, CA - OCTOBER 25: Derek Carr #4 of the Oakland Raiders celebrates his touchdown pass to Clive Walford #88 during the second quarter against the San Diego Chargers at Qualcomm Stadium on October 25, 2015 in San Diego, California. (Photo by Harry How/Getty Images)
PITTSBURGH, PA - NOVEMBER 08: Derek Carr #4 of the Oakland Raiders celebrates a first quarter touchdown in the first quarter of the game against the Pittsburgh Steelers at Heinz Field on November 8, 2015 in Pittsburgh, Pennsylvania. (Photo by Jared Wickerham/Getty Images)
November 22, 2015: Oakland Raiders quarterback Derek Carr (4) talks to referee Clete Blakeman (34) about a penalty near the goal line during the game on Sunday afternoon, Ford Field, Detroit, Michigan. (Photo by Steven King/Icon Sportswire) (Photo by Steven King/Icon Sportswire/Corbis via Getty Images)
DENVER, CO - DECEMBER 13: Quarterback Derek Carr #4 of the Oakland Raiders and quarterback Brock Osweiler #17 of the Denver Broncos meet on the field after the Raiders 15-12 win over the Broncos at Sports Authority Field at Mile High on December 13, 2015 in Denver, Colorado. (Photo by Justin Edmonds/Getty Images)
OAKLAND, CA - DECEMBER 24: Derek Carr #4 of the Oakland Raiders drops back to pass against the San Diego Chargers in the fourth quarter of their NFL football game at O.co Coliseum on December 24, 2015 in Oakland, California. (Photo by Thearon W. Henderson/Getty Images)
GLENDALE, AZ - AUGUST 12: Derek Carr #4, Khalil Mack #52 and Marquette King #7 of the Oakland Raiders and teammates get ready to run onto the field prior to the start of a preseason game against the Arizona Cardinals at University of Phoenix Stadium on August 12, 2016 in Glendale, Arizona. Raiders won 31-10. (Photo by Norm Hall/Getty Images)
NEW ORLEANS, LA - SEPTEMBER 11: Derek Carr #4 of the Oakland Raiders celebrates after his team defeated the New Orleans Saints 35-34 at the Mercedes-Benz Superdome on September 11, 2016 in New Orleans, Louisiana. (Photo by Sean Gardner/Getty Images)
NASHVILLE, TN - SEPTEMBER 25: Head coach Jack Del Rio of the Oakland Raiders coaches quarterback Derek Carr #4 during the first half of a game against the Tennessee Titans at Nissan Stadium on September 25, 2016 in Nashville, Tennessee. (Photo by Frederick Breedon/Getty Images)
OAKLAND, CA - NOVEMBER 06: An Oakland Raiders fan displays a sign in support of quarterback Derek Carr #4 during the game against the Denver Broncos at Oakland-Alameda County Coliseum on November 6, 2016 in Oakland, California. (Photo by Thearon W. Henderson/Getty Images)
OAKLAND, CA - NOVEMBER 27: Derek Carr #4 of the Oakland Raiders looks on after a win in the game against the Carolina Panthers on November 27, 2016 in Oakland, California. (Photo by Lachlan Cunningham/Getty Images)
OAKLAND, CA - NOVEMBER 27: Derek Carr #4 of the Oakland Riders signals to teammates in the second quarter against the Carolina Panthers on November 27, 2016 in Oakland, California. (Photo by Lachlan Cunningham/Getty Images)
SAN DIEGO, CA - DECEMBER 18: Derek Carr #4 of the Oakland Raiders calls a play at the line during the game against the San Diego Chargers at Qualcomm Stadium on December 18, 2016 in San Diego, California. (Photo by Harry How/Getty Images)
OAKLAND, CA - DECEMBER 24: Derek Carr #4 of the Oakland Raiders is attended to by medical staff after injuring his right leg during their NFL game against the Indianapolis Colts at Oakland Alameda Coliseum on December 24, 2016 in Oakland, California. (Photo by Brian Bahr/Getty Images)
LAS VEGAS, NV - APRIL 02: NFL player Derek Carr speaks onstage during the 52nd Academy of Country Music Awards at T-Mobile Arena on April 2, 2017 in Las Vegas, Nevada. (Photo by Kevin Winter/ACMA2017/Getty Images for ACM)
ALAMEDA, CA - MAY 23: Oakland Raiders quarterback Derek Carr (4) surveys the field during the Oakland Raiders OTA at the Raiders Training Facility in Alameda,CA on May 23rd, 2017 (Photo by Samuel Stringer/Icon Sportswire via Getty Images)
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While the exact terms of the deal and the yearly money are not yet known, many expect the deal to come with an added bonus for Carr. Unlike many NFL contracts, Carr's may be back-loaded, giving him more money in the later years when the team moves to Las Vegas. Nevada has no state tax, allowing Carr to make more money on the backend of the deal than he would in Oakland when California has a relatively high state tax.

As Rapoport notes, despite some minor squabbling from both sides, the Raiders knew they had to lock up their star quarterback with the move on the horizon. The team couldn't afford to move into an untested NFL market without the guarantee of a star. In 2016, Carr was considered an MVP candidate before breaking his leg, throwing over 3,900 yards with 28 touchdowns and six interceptions in 15 games.

Carr himself announced the deal on Twitter.

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