As of 2024, Derek Carr is one of the NFL’s most notable quarterbacks, boasting impressive career milestones and contracts.
With a history that spans the Oakland/Las Vegas Raiders and a recent move to the New Orleans Saints, Carr’s net worth reflects his remarkable talent and strategic financial decisions.
In this detailed analysis, we at Andomoney will break down Derek Carr net worth, salary, contracts, and his journey from a young athlete to a Pro Bowl star, all while offering a comprehensive view of how his earnings stack up against the most successful NFL players.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Derek Dallas Carr |
| Popular Name | Derek Carr |
| Gender | Male |
| Birth Date | March 28, 1991 |
| Age | 33 (as of 2024) |
| Parents | Rodger Carr (father), Sheryl Carr (mother) |
| Siblings | David Carr, Darren Carr |
| Birthplace | Bakersfield, California, USA |
| Nationality | American |
| Ethnicity | White |
| Education | Fresno State University |
| Marital Status | Married |
| Spouse | Heather Carr |
| Children | Deker, Dallas, Deakon, Brooklyn |
| Dating | N/A |
| Net Worth | $80 million (2024) |
| Source of Wealth | Professional NFL Career |
| Height | 6 feet 3 inches (1.91 meters) |
What is the Net Worth Of Derek Carr in 2024?
In 2024, Derek Carr’s net worth is estimated to be around $80 million, highlighting his successful career as an NFL quarterback.
Comparatively, other players in the league have also amassed significant fortunes, making them some of the wealthiest athletes in the sport.
Below are a few notable names within the NFL landscape:
- Tom Brady
- Patrick Mahomes
- Aaron Rodgers
- Matthew Stafford
- Kirk Cousins
- Drew Brees
- Russell Wilson
- Deshaun Watson
- Josh Allen
These figures demonstrate the competitive nature of earnings within the NFL, as Carr’s financial growth aligns with other top-performing quarterbacks.
For a deeper look at the most affluent NFL players, check out our comprehensive list.
Salary and Finance Overview
Derek Carr’s NFL Career: Key Milestones and Achievements
Derek Carr started his professional NFL journey when he was drafted by the Oakland Raiders in 2014 as the 36th overall pick.
His talent and determination quickly established him as a significant player, becoming the starting quarterback from his rookie season.
Over the years, Carr’s performance improved, leading the Raiders to their first playoffs in 14 years (2016) and again in 2021.
His career boasts 4 Pro Bowl selections and a reputation as one of the most reliable quarterbacks in the league.
Carr set numerous records with the Raiders, including all-time franchise records for passing yards, touchdowns, and pass completions.
Contracts and Salary History of Derek Carr
Carr’s financial journey began with his rookie contract in 2014, a 4-year deal worth $5.37 million with the Raiders.
However, his true financial breakthrough came in 2017, when he signed a 5-year extension valued at $125 million.
This extension catapulted him to being one of the highest-paid athletes globally.
The upward trajectory of Carr’s career and performance brought another extension in 2022 with the Raiders—a 3-year contract worth $121 million.
The lucrative deal significantly increased his income, even though his time with the Raiders was nearing an end.
In early 2023, Carr’s departure from the Las Vegas Raiders led to another major contract—this time with the New Orleans Saints.
His 4-year, $150 million deal included $100 million in guaranteed money, solidifying his status as one of the top earners in the NFL.
Transition to the New Orleans Saints and Financial Implications
Carr’s move to the New Orleans Saints in 2023 marked a new chapter in his career. This shift reunited him with former Raiders head coach Dennis Allen, providing a familiar environment to continue his professional journey.
The $150 million contract he signed with the Saints comes with a guaranteed payout, ensuring financial stability and career longevity. By 2026, Carr is expected to earn an annual base salary of $50 million, reflecting his high market value in the NFL.
Sources of Wealth Beyond NFL Contracts
Beyond NFL salaries, Carr has additional income streams contributing to his overall wealth. This includes endorsements and potential business ventures that supplement his earnings.
While his primary wealth source remains his playing contracts, endorsements have further solidified his financial standing.
These side ventures not only add to his net worth but also enhance his marketability as a brand.
Major Awards, Honors, and Achievements Contributing to His Wealth
Carr’s awards and honors have played a significant role in his wealth accumulation.
Starting with his college success at Fresno State, where he won the prestigious Sammy Baugh Trophy, to his professional achievements in the NFL, these accolades have directly impacted his contract negotiations and financial gains.
Carr’s 4 Pro Bowl selections also stand as key achievements, elevating his reputation and influence within the league.
Personal Investments and Lifestyle
One notable investment in Carr’s portfolio is his Las Vegas mansion, purchased for $3.62 million in 2019.
By 2024, he listed this property for $8.99 million, demonstrating a strategic approach to real estate and wealth management.
These investments reflect a lifestyle aligned with financial growth, while also showcasing Carr’s acumen in making decisions that enhance his net worth.
Career Growth and Projected Earnings
Carr’s journey from his rookie days to his current standing has seen significant financial growth. His earnings have steadily increased with each contract, with the 2023 Saints contract securing him substantial guaranteed income.
By 2026, Derek Carr’s projected earnings will reach approximately $240 million, cementing his place among the league’s highest-paid athletes.
FAQs About Derek Carr
What is Derek Carr’s current NFL team?
Derek Carr currently plays for the New Orleans Saints, having signed with them in 2023 after leaving the Raiders.
How many Pro Bowl selections does Derek Carr have?
Carr has been selected for the Pro Bowl 4 times, reflecting his standout performance throughout his career.
Where did he play college football?
Derek Carr played college football at Fresno State University, where he had an outstanding career and received the Sammy Baugh Trophy.
Who is Derek Carr’s brother?
Derek Carr’s older brother is David Carr, a former NFL quarterback who played for the Houston Texans.
What are his career highlights with the Raiders?
Carr is the franchise leader in passing yards, passing touchdowns, and pass completions for the Las Vegas Raiders and led them to the playoffs in 2016 and 2021.
Conclusion
His financial journey in the NFL is both impressive and inspiring.
From his early days with the Raiders to his recent contract with the Saints, his career exemplifies growth and success.
For more insights on finances and careers, join us at andomoney.com. Feel free to comment, share, and explore more!
