Derek Carr’s financial success extends far beyond his impressive NFL career. With a 2024 net worth of $80 million, NFL Player Fortune dives into the details of his career earnings, contracts, and significant financial moves that make him one of the top quarterbacks in the league.
Derek Carr Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Derek Dallas Carr |
| Popular Name | Derek Carr |
| Gender | Male |
| Birth Date | March 28, 1991 |
| Age | 33 |
| Parents | Rodger and Sheryl Carr |
| Siblings | David Carr (brother) |
| Birthplace | Bakersfield, California, USA |
| Nationality | American |
| Marital Status | Married |
| Wife/Spouse | Heather Neel |
| Children | 4 |
| Net Worth | $80 million |
| Height | 6’3″ |
| Weight | 220 lbs |
| Number (No) | 4 |
| Career Information | Clements High School, Fresno State |
| NFL Draft | 2014, Round 2, Pick 36 |
| Career History | Raiders (2014-2022), Saints (2023-Present) |
| Career Highlights and Awards | 4x Pro Bowler |
| Career NFL Statistics | Over 35,000 passing yards |
What is the Net Worth of Derek Carr in 2024?
As of 2024, Derek Carr’s net worth is estimated at $80 million, placing him among the wealthiest quarterbacks of his generation. Compared to other NFL players of similar status and age, Carr’s financial standing remains competitive:
- Matthew Stafford: $85 million
- Kirk Cousins: $70 million
- Dak Prescott: $75 million
- Russell Wilson: $165 million
Though Carr may not top the list, his 2024 net worth solidifies his place as one of the most financially successful athletes in the NFL. Carr’s career earnings, which total over $165 million, significantly contribute to his wealth, supported by critical contracts and endorsements. He may not be the richest NFL player, but his earnings trajectory remains upward.
What is the Salary/Income of Derek Carr in 2024?
Derek Carr will earn a salary of $37.5 million in 2024. This includes base salary and bonuses, and his four-year, $150 million contract signed with the New Orleans Saints in 2023 will play a central role.
Out of the total contract value, $100 million is guaranteed, ensuring Carr’s financial security for the next few years.
His income for 2024 consists of:
- Base Salary: $1.21 million
- Signing Bonus (Prorated): $11.46 million
- Cash Payout: $30 million
Endorsement deals with brands like Nike and Panini America further enhance Carr’s earnings. These partnerships contribute significantly to his overall income and public profile, making him a recognizable face on and off the field.
Carr’s projected earnings could reach $50 million per year by 2026, cementing his status as one of the highest-paid quarterbacks in the league.
Career earnings of Derek Carr
Evolution of Yearly Salaries
Starting with a modest $5.37 million rookie contract signed with the Raiders in 2014, Carr’s earnings have skyrocketed.
His initial contract was significant for a second-round draft pick, but it was only the beginning. 2017, Carr signed a significant 5-year, $125 million extension with the Raiders, catapulting him into the ranks of the highest-paid athletes.
This contract had an average per year (APY) value of $25 million, one of the largest at the time. By 2022, his salary continued to climb, reflecting his growing value and consistent performance on the field.
After parting ways with the Raiders in 2023, Carr joined the New Orleans Saints, signing a 4-year, $150 million contract. This deal guaranteed $100 million, with a projected $50 million annual earnings by 2026.
His base salary for 2024 alone will be $1.21 million, and additional earnings from bonuses will push his yearly income to $37.5 million.
Bonuses and Guaranteed Earnings
Throughout his career, Carr has secured significant bonus payments. His 2017 Raiders extension included $40 million in guaranteed money and a $12.5 million signing bonus.
In 2023, his contract with the Saints featured a $28.5 million signing bonus, ensuring upfront solid earnings. Additional bonuses include roster bonuses tied to being active on the Saints roster and performance incentives.
Fully guaranteed earnings have been a cornerstone of Carr’s contracts, providing financial security irrespective of performance or injuries. With $100 million in total guarantees in his latest contract, Carr’s economic future remains secure well into the late stages of his NFL career.
Cash Payouts and Salary Cap Impact
Carr’s cash payouts in 2024 will total $30 million, a large portion of which comes from his guaranteed signing bonus and base salary. His cap hit for the Saints in 2024 is $12.67 million, reflecting a well-structured deal designed to maintain team flexibility while compensating Carr generously.
Overview of Derek Carr
Early Life
Born on March 28, 1991, in Bakersfield, California, Derek Carr is the youngest of three siblings in a football-oriented family. His father, Rodger Carr, and his older brother, David Carr — a former NFL quarterback and first overall pick in the 2002 NFL Draft — played vital roles in shaping his passion for football. He spent his early childhood in Bakersfield, but the family relocated to Sugar Land, Texas, when his brother joined the Houston Texans.
Football wasn’t his primary focus at first. However, in high school, Derek quickly realized his talent for the game, especially after a preseason injury to another quarterback at Clements High School allowed him to lead the team as a sophomore.
His family returned to Bakersfield for his senior year, where he attended Bakersfield Christian High School. He thrived and earned the National Football Player of the Week award by ESPN RISE after an impressive performance with 441 passing yards and three touchdowns in a game against Tehachapi High School.
By graduating, he had set high school records and received various offers from college programs, ultimately committing to play for Fresno State.
Club Career
Derek Carr’s professional football career started when the Oakland Raiders selected him in the second round of the 2014 NFL Draft. Carr’s journey with the Raiders was a testament to his development and persistence as a quarterback. His rookie contract was a modest $5.37 million, but his performance on the field made it clear that he was destined for more incredible things.
He became the franchise’s starting quarterback in Week 1 of his rookie season, and by his third year in the league, Carr had led the Raiders to their first playoff appearance since 2002, earning him his first Pro Bowl selection in 2015.
Carr’s 2016 season was even more impressive, leading the team to a 12-4 record, though his campaign was cut short by a leg injury. He threw for over 3,900 passing yards and 28 touchdowns that year, further solidifying his place as one of the top quarterbacks in the NFL.
In 2017, Carr signed a five-year contract extension of $125 million, briefly making him the highest-paid player in NFL history. Carr continued to set franchise records for the Raiders, eventually becoming the all-time leader in passing yards, touchdowns, and completions.
In 2023, Carr joined the New Orleans Saints after signing a four-year, $150 million contract, including $100 million guaranteed. Carr’s transition to the Saints marked a new chapter in his career, where he immediately became the team’s offensive leader.
Style of Play
His quick decision-making, strong arm, and poised leadership define Carr’s playing style. Known for his ability to read defenses and make precise throws, he excels in a play-action system and thrives when utilizing deep passes to stretch defenses. His knack for pulling off game-winning drives in pressure situations has also made him a trusted leader in high-stakes moments.
Carr has demonstrated resilience throughout his career, overcoming obstacles such as injuries and team transitions yet continuing to perform at a high level. His ability to remain calm under pressure and quick release make him a dangerous quarterback when defenses underestimate him.
Personal Life
Carr is a devoted family man and an openly devout Christian off the field. He married Heather Neel in 2012, and the couple has four children. His faith is a central aspect of his life, and he often speaks about its influence on his career and personal decisions.
Carr’s personal life is also marked by resilience and compassion. His oldest son was born with a medical condition requiring three surgeries, and Carr has often spoken about how this challenge has shaped him as both a father and a professional.
Carr enjoys spending time with his family and participating in charity work in his free time, reflecting his commitment to giving back to the community.
Real Estate
Carr made notable real estate investments as part of his financial portfolio. His most significant acquisition came in 2019 when he purchased a luxurious mansion in Las Vegas for $3.62 million.
The mansion, equipped with high-end amenities and located in a prestigious neighborhood, was listed for sale in 2024 for $8.99 million. This sale is part of Carr’s strategic approach to real estate investments, ensuring his wealth grows beyond his NFL contracts.
Honors
Derek Carr’s impressive career has earned him numerous awards and recognitions. He is a four-time Pro Bowl selection (2015, 2016, 2017, 2022) and holds multiple franchise records for the Raiders, including career passing yards, touchdowns, and completions.
In college, he was awarded the Sammy Baugh Trophy in 2013, given to the nation’s top collegiate passer. Additionally, Carr has been recognized for his leadership and character, both on and off the field, making him a respected figure in the NFL.
Career Statistics
Carr’s career statistics reflect his consistency and performance as one of the top quarterbacks in the league. Over his NFL career, Carr has passed for over 35,000 yards and 200+ touchdowns. Some of his notable achievements include:
- Passing Yards (2023): 3,878 yards
- Touchdowns (2023): 25 TDs
- Career-High Passing Yards (2021): 4,804 yards
Carr’s ability to consistently deliver in high-pressure games has cemented his reputation as a dependable franchise quarterback.
Contracts and Earnings
Several lucrative contracts have fueled Carr’s financial success. His rookie contract with the Raiders in 2014 was worth $5.37 million over four years, including a $2.2 million signing bonus. In 2017, Carr signed a $125 million contract extension with the Raiders, securing his financial future with $40 million guaranteed.
In 2023, Carr signed a four-year, $150 million contract with the New Orleans Saints, which included $100 million guaranteed and a $28.5 million signing bonus. This contract elevated him among the highest-paid quarterbacks in the league, securing a $37.5 million salary for the 2024 season.
Additionally, Carr has earned millions through endorsements from brands like Nike and Panini America, which contribute significantly to his net worth.
Team History
Carr’s NFL career began with the Oakland Raiders, where he spent nine seasons (2014-2022) and became the face of the franchise. He led the team to the playoffs twice and set several records.
In 2023, Carr moved to the New Orleans Saints, where he immediately became the starting quarterback and is expected to play a pivotal role in the team’s future success.
FAQs About Derek Carr
Who is better, Jimmy G or Derek Carr?
Carr ranked 29th with a DVOA of 23.5% on passes 10 to 19 yards down the field; Garoppolo was second at 99.9%. Garoppolo was more accurate and had better timing than Carr did, and that’s what McDaniels was missing in his offense a year ago.”
How many Pro Bowls did Derek Carr make?
Four Pro Bowl nods.
He broke nearly every franchise passing record in nine seasons with the team, recording 63 wins as a starter and 33 game-winning drives. He holds the franchise record for passing yards (35,222), passing touchdowns (217), pass completions (3,201) and pass attempts (4,958). He also earned four Pro Bowl nods as a Raider.
Where did Derek Carr play before the Raiders?
QB Derek Carr played four seasons at Fresno State, appearing in 44 games with 39 starts.
Why did the Raiders release Derek Carr?
Knowing he could pick his team if released, Carr refused to waive his no-trade clause and forced the Raiders to cut him, creating nearly $30 million in cap space for Las Vegas.
What happened to Derek Carr’s son?
When their oldest son, Dallas, was born in 2013, he was rushed into emergency surgery at Valley Children’s because of intestinal malrotation. This potentially life-threatening condition affected his blood supply and intestinal tract.
Who is Derek Carr back up to?
Behind Carr is Jake Haener, a 25-year-old 2023 fourth-rounder out of Fresno State, and Spencer Rattler, a 2024 fifth-rounder out of South Carolina.
Did Derek Carr win the MVP?
Derek Carr has not won the MVP award in his career.
Does Derek Carr have any kids?
Derek met his wife, Heather, while attending Fresno State University. They were married on June 29, 2012. Derek and Heather reside in Las Vegas, Nevada, with their beautiful children, Dallas, Deker, Deakon, and Brooklyn.
Does Derek Carr have a degree?
He was selected to the 2012 Mountain West Academic All-Conference and 2011 Academic All-WAC teams. He has a 3.413 GPA and majors in recreation administration and leisure services management. He has already met all the requirements for his degree and will graduate in December 2013.
Conclusion:
Derek Carr’s impressive net worth and career earnings make him one of the top financial performers in the NFL. Share your thoughts and explore more content about your favorite players’ fortunes on NFL Player Fortune.
