Derek Carr has signed a three-year, $121.5 million extension with the Las Vegas Raiders that runs through 2025.

The deal includes a no-trade clause. 

Carr also mentioned Wednesday that he will be with the Raiders for "four more" years and said he would have understood had the new regime of general manager Dave Ziegler and coach Josh McDaniels wanted "somebody new" at quarterback.

"But the fact that they keep believing in me and watching the tape and saying, 'Wow, we want you to be here for some more years or some more time,' that means more to me, way more to me than any of the other stuff it has to do with," Carr said. "It was very clear to me how they felt about me from day one."