The Ravens have a two-time MVP under center heading into the 2024 season, and his contract extension from last spring looks like a bargain compared to others. Philadelphia set the bar when they signed Jalen Hurts to a five-year, $255 million deal with $179 million guaranteed.
Massive deals have followed, including those for Lamar Jackson, Justin Herbert, Joe Burrow, Jared Goff, and Trevor Lawrence.
On Thursday evening, Jacksonville made their star quarterback one of the highest-paid players in NFL history.
According to Ian Rapoport of NFL Network, Lawrence and the Jaguars agreed to terms on a five-year contract extension worth $275 million, including $200 million in total guarantees and $142 million fully guaranteed.
The deal also includes a $37.5 million signing bonus.
The 2021 No. 1 overall NFL draft pick’s reported $55 million average annual salary ties that of Cincinnati quarterback Joe Burrow, the largest of any player in league history.
With Lawrence set to break the threshold, six quarterbacks now average at least $50 million in annual salary, with Goff (Lions), Herbert (Chargers), Jackson (Ravens), and Hurts (Eagles) filling out the rest of the group.
With Lawrence’s deal complete, here are the top 20 average annual salaries for NFL quarterbacks via Over the Cap.
Burrow breaks the tie with $219 million guaranteed.
Cousins edges out Kansas City quarterback Patrick Mahomes here. They’re tied in average annual salary at $45 million, but Cousins’ contract includes $90 million fully guaranteed compared to Mahomes’ $63.1 million. Mahomes beats Cousins in total guarantees ($141 million versus $100 million) due to the length of his deal, 10 years.
Prescott, Los Angeles’ Matthew Stafford and New York’s Daniel Jones each average $40 million in annual salary and are listed in order of full guarantees as a tiebreaker. Prescott, who is entering the final season of his contract, signed for $95 million fully guaranteed, Jones signed for $81 million and Stafford signed for $63 million.
Tied with New Orleans’ Derek Carr in average annual salary, Rodgers wins the tiebreaker here with $75 million fully guaranteed in his deal compared to Carr’s $60 million.