Philadelphia Eagles quarterback Jalen Hurts signed a five-year contract extension that, along with contract incentives, is worth $255 million.
The contract includes just over $110 million in fully guaranteed money at the point of signing, and $179 million is guaranteed in the event of injury.
The deal includes an average annual salary of $51,000,000.
đź’°Jalen Hurts' 5-yr, $255M extensionđź’°
• $110M fully guaranteed.
• $23.294M to sign.
• 2023: $1.01M base.
• 2024: $1.125M base, $38.875M option.
• 2025: $1.175M base, $40.83M option.
• 2026: $1.215M base, $49.875M option.
• 2027: $51M*.
• 2028: $51M*.*Keep reading 🧵
— Albert Breer (@AlbertBreer) April 25, 2023
Hurts talked about why he took a team-friendly deal, and the numbers suggest that the All-Pro quarterback is all-in on wins over guarantees.
In 2023, Hurts will earn a base salary of $1,010,000 and a signing bonus of $23,294,000 while carrying a cap hit of $6,154,286 and a dead cap value of $110,485,486.
Hurts has three years of options and roster bonus money, and you’ll find that most of this contract can become fully guaranteed based on his roster status.
In order to pull off those cap numbers, the structure of the contract could be something wacky like this: https://t.co/rjr8PQ6glq pic.twitter.com/GnuFu32FIn
— Nick Korte (@nickkorte) April 17, 2023
Here’s a look at the full breakdown courtesy of Over The Cap, Spotrac, and Albert Breer.