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Derek Carr is about to become the highest-paid quarterback in football. According to a report from ESPN.com's Adam Schefter, Carr and the Raiders are closing in on a deal that will average around $25 million per season. 

Carr himself said that nothing is done just yet, and that when something is done, he'll be the first to break the news. 

Carr, a second-round pick in 2014, is headed into the final year of his rookie contract that pays out a total of only about $5.37 million over four years, the last of which is the 2017 season. Carr had recently been said to be frustrated with the slow pace of extension talks, and even stated that he would not pick up his phone after training camp started if a deal had not been struck by that point. 

The Raiders have plenty of room on their books to fit a new deal for Carr -- they're more than $31 million under the 2017 salary cap right now. That should enable them to structure a potential deal in pretty much any way they want. However, they also have to consider other upcoming extension talks, most notably those with defensive star Khalil Mack. Former agent Joel Corry recently broke down what the Raiders are facing in terms of getting their young talent locked up long-term.

A $25 million average annual value on a deal would push him just ahead of Andrew Luck to be the highest-paid quarterback in the league. Luck's extension, which kicked in last year, is valued at just south of $24.6 million per season. Of course, the real value of the deal will be the guarantee. 

As CBS Sports NFL Insider Jason La Canfora notes, Carr's payday over the first three years of the soon-to-be-completed deal will be comparable to what Luck has coming his way. 

Luck was functionally guaranteed $87 million in his deal, $20 million more than the next-closest quarterback. The first three years of that contract pay him approximately $71.3 million, per Spotrac, which means Carr will actually make slightly more over the first few years of his new deal.