Las Vegas Raiders to Sign Jimmy Garoppolo, No Change in Super Bowl Futures

Jimmy Garoppolo will sign a free agent contract with the Las Vegas Raiders to become their next starting quarterback. However, the addition of Garoppolo had no affect on the NFL futures market, and the Raiders are still +4000 odds to win Super Bowl LVIII.

Jimmy G Garoppolo Las Vegas Raiders quarterback contract
Quarterback Jimmy Garoppolo from the San Francisco 49ers rips a pass against the Arizona Cardinals on Monday Night Football in Santa Clara. (Image: USA Today Sports)

You can never trust everything you hear in Las Vegas, but this time, the rumors were correct.  For most of this offseason, Garoppolo was expected to leave the San Francisco 49ers and rumored to join the Raiders.

Garoppolo will earn $67.5 million over the next three seasons in Las Vegas, including $34 million in guaranteed salary.

The Raiders were 6-11 last season during the first season under head coach Josh McDaniels. McDaniels and Garoppolo have a previous relationship when they were both with the New England Patriots. McDaniels was the offensive coordinator and Garoppolo was the backup quarterback behind Tom Brady.

Oddsmakers at DraftKings did not think the addition of Garoppolo will help the Raiders win Super Bowl LVIII. The Raiders are still +4000 odds, which is the same odds when the betting market opened up at the conclusion of Super Bowl LVII.

The Raiders are +3500 odds to win the AFC Championship. The AFC West is one of the toughest divisions in the NFL which includes the reigning Super Bowl champion Kansas City Chiefs. The Raiders are the longshot to win the AFC West at +1300 odds. The Chiefs are the consensus favorite to win the division at -140 odds, followed by the Los Angeles Chargers (+350), and Denver Broncos (+400).

Carr Out, Jimmy G In

The Raiders and former starting quarterback Derek Carr parted ways in the offseason. Carr was well aware of the rumors that the Raiders wanted Garoppolo in 2023 as early as the middle of last season. Carr had met with the New Orleans Saints and the New York Jets, but signed with the Saints last week.

Garoppolo sustained a foot injury in Week 13 last season, and missed the last stretch of the 49ers regular season and the entire playoffs. He began the 2022 season as the backup quarterback behind Trey Lance, but he was called into action when Lance fractured his ankle in Week 2.

Garoppolo has an exceptional regular season record as a starting quarterback. His teams are 40-17 when he starts. If you count the playoffs, Garoppolo posted a 42-19 record as the quarterback of the 49ers.

Garoppolo’s ability to manage a game and limit turnovers has never come under questions, however, he’s prone to injuries which has been a problem during his tenure with the 49ers.

Garoppolo missed five games in 2022, missed two games in 2021, and missed 10 games in 2020. In 2018, Garoppolo played in just three games before he tore his ACL and needed season-ending surgery which result in missing 13 games. In total, he missed 30 games with the 49ers due to a laundry list of injuries.

During 74 career games in the NFL, Garoppolo completed 67.6% of his passes and tossed 87 touchdowns and only 42 interceptions. In 11 games with the 49ers this past season, Garoppolo had a 67.2% completion rate for 2,437 yards, 16 touchdowns, and four interceptions.

Jimmy G, Carr Benefit in a Weak Market

In the last few weeks, the Raiders were also linked to Aaron Rodgers. The Green Bay Packers said they would not trade a disgruntled Rodgers to another NFC team, which fueled rampant speculation that the New York Jets, Tennessee Titans, and Raiders were in the running to acquire Rodgers in a trade.

All signs point toward the Jets acquiring Rodgers in a trade. Both the Jets and Packers have agreed to terms, but they’re awaiting for Rodgers to make the final decision. Rodgers is considering retirement, but his time with the Packers is over. If he decides to suit up next season, it will be with the Jets.

While the Jets await for Rodgers to make a retirement decision, other free agent quarterbacks made deals with other teams. Carr did not wait any time and signed with the Saints last week for a four-year deal worth $150 million. Garoppolo followed suit and signed with the Raiders this week for a three-year deal worth $67.5 million.

This offseason has limited free agent options at quarterback, which created fierce competition for Carr and Garoppolo. The lack of available quarterbacks also made other teams desperate to turn to the 2023 NFL Draft to fill their need at quarterback. It’s the precise reason why the Carolina Panthers moved up in the draft to acquire the #1 pick in a trade with the Chicago Bears.

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