The 2021 NFL Draft has come and gone and Trevor Lawrence is officially a Jacksonville Jaguars. Now, the next big step for him will be to sign his rookie contract, and according to Field Yates of ESPN, the figures for his deal have been set.
The value for the contract that Trevor Lawrence will eventually sign with the Jaguars has been set: the four-year deal (plus a fifth year option) will be worth $36,793,486, including a signing bonus of $24,118,900.
— Field Yates (@FieldYates) May 3, 2021
Lawrence’s contract will surpass that of last year’s No.1 pick Joe Burrow, who signed a four-year deal worth $36,190,137 with a signing bonus of $23,880,100. Burrow’s contract was also fully guaranteed and that should undoubtedly be the case for Lawrence, too.
When breaking down Lawrence’s signing bonus, it will be prorated over his four year deal in increments of $6,029,744. Per Over the Cap, he’s projected to have base salary amounts of $660,000, $2,332,436, $4,004,872, $5,677,308, respectively, over the course of his four-year contract that has a fifth-year option.
The last three first overall picks signed their deals anywhere between early May (in Kyler Murray’s case) or late July in the case of Baker Mayfield and Burrow. With that being the case, Lawrence will have his name on the dotted line relatively soon for the Jags and then fans can shift their focus to the football side of things.