Personally I'm neither happy nor upset with the Derek Carr deal, probably leaning a bit more to the upset.

When I compare him to Andy Dalton and Jameis Winston, he is definitely a step up, but for the amount of money we are going to spend? Come on.
$37.5m a year does feel a bit high but then the Seahawks just paid Geno Smith $35m a year (dont know Geno's guaranteed money yet to compare), so it does look like thats the going rate.

It really depends which Derek Carr you get, if you get last years version then this is a bad deal, but if that was a blip and you get the Carr from the season before its probably an OK deal.