New QB deals make Baker Mayfield look like a steal

Quarterbacks Tua Tagovailoa and Jordan Love just signed massive deals that make Baker Mayfield look like a bargain.

Jumps in player compensation is a simple reality in the NFL, but sometimes a new deal comes along that makes a team look like a true bargain hunter. According to NFL Network’s Ian Rapoport, the Miami Dolphins just signed quarterback Tua Tagovailoa to a blockbuster four-year, $212.4 million deal while the Green Bay Packers signed QB Jordan Love to a four-year, $220 million deal per ESPN’s Adam Schefter. All of a sudden, Baker Mayfield’s new deal is looking like an utter steal for the Buccaneers.

Just before free agency began this year, Tampa Bay locked Mayfield into a three-year, $100 million deal with $50 million guaranteed. On average, the Dolphins are paying Tua and Love $20 million per year more than the Bucs are paying Mayfield.

Are Tua and Love really $20 million a year better than Baker?

$20 million is a significant chunk of change. It is what the Bucs are paying Mike Evans and Chris Godwin on average each year. It’s more than what the Packers are paying their entire receiving room in 2024. Paying a quarterback near the top of the market prices means the Packers and Dolphins have less flexibility to pay their other players or bring in high quality veterans.

Total yards Total TDs Total turnovers Total first downs Completion % Yards per attempt Air yards/pass EPA/play
Baker Mayfield 4107 29 13 247 66.4% 7.14 8.5 0.131
Tua Tagovailoa 4659 29 19 242 71.5% 8.26 7.8 0.160
Jordan Love 4406 36 14 253 64.3% 7.18 8.5 0.156

Tua’s success last season was undeniable, and while his stats might suggest he was among the best quarterbacks in football, a closer look reveals a narrow margin separating him and Mayfield.

Though Tua was certainly a more prolific passer, Mayfield made up for it with his ability as a runner, closing the gap in touchdowns and first downs. Mayfield also had fewer turnovers, in particular committing eight fumbles to Tua’s 13, second-most in the NFL.

There is also the question of Tua’s environment. The Dolphins boast arguably the fastest wide receiver room in the NFL with Tyreek Hill and Jaylen Waddle. Combined with Mike McDaniel’s RPO and play action-heavy scheme, Tua was able to get the ball out faster than any other quarterback, averaging a league-best 2.34 seconds time to throw per Pro Football Focus.

This system largely concealed Tua’s biggest weakness: pressure. Though he was only pressured on 24.9% of his dropbacks, Tua was a much different quarterback when the defense turned up the heat. When pressured, Tue completed just 39.8% of his passes for 5.3 yards per attempt per PFF. Conversely, Mayfield completed 49.7% of his passes for 6.5 yards per attempt under pressure last season.

While Miami’s offense runs like a well-oiled machine with Tua at quarterback, he appears to be more a part of the machine than the person operating it.

Jordan Love is a different story. After a rough start last season, he came alive down the stretch with some of the best quarterback play in the NFL. He too outperformed Mayfield in most metrics, albeit at an even smaller margin than Tua.

However, unlike Tua, there is no inherent weakness indicated in Love’s numbers. Love’s yards per attempt actually went up under pressure (7.3), and he had the best completion percentage of the group (50.3%) when pressured per PFF.

Love also did not have the benefit of a superstar skill group, leading the youngest offense in the NFL last year. The only real risk is that Love has started all of one season. If he does fall back to earth in 2024, Mayfield’s deal will look even sweeter.

19 first-round QBs since 2011 who may or may not have scored a contract extension

Scoring a second contract isn’t always a sure thing. Here are 19 first-round quarterbacks since 2011 and their final fates securing a second deal.

Cleveland Browns quarterback Baker Mayfield went No. 1 overall in the 2018 NFL draft, and after leading the hard-luck AFC North franchise to a wild-card playoff win over the Pittsburgh Steelers last season, it is no surprise his agent expects the former Oklahoma quarterback to be in line for a contract extension.

However, being a first-round quarterback since 2011, the year when the collective bargaining agreement between the NFL and NFLPA scaled back rookie contracts, doesn’t always mean a second contract with the same team is on its way. Here is what has happened to every first-round quarterback since 2011 when their time to cash in was at hand.

Fifth-year option projections for every first-round player in the 2018 draft class

NFL teams must decide by May 3 which of their first-rounders from 2018 will get fifth-year options. Here’s how we think that should go.

After free agency, and just after the NFL draft closes up shop on May 1, there’s one more way teams can solidify their rosters: The decision to exercise the fifth-year option on first-round draft picks from four years before. The decisions have to be made before May 3, and if the team declines the option on the player, that player becomes a free agent a year earlier, unless a longer-term deal happens.

At this time, none of the first-rounders in the 2018 class have signed second contracts; that’s more likely to happen in the 2022 league year. Teams have those players on relatively cheap deals based on slotted contracts; even 2018 first-overall pick Baker Mayfield will make just $920,000 in base salary, and a $4,936,770 roster bonus. His prorated bonus of $5,462,360 will also count against the 2021 cap, so Mayfield represents a 2021 cap hit of $10,569,130. His fifth-year option as a player who’s reached the playtime minimum but hasn’t made a Pro Bowl is $18,858 million, and at that point, it might make more sense from a salary cap perspective to lock him up on that second contract.

Tom Pelissero of the NFL Network has the full fifth-year numbers.

Lamar Jackson is a very interesting case study regarding the fiscal prudence of the fifth-year extension versus a new contract. As a one-time Pro Bowler, Jackson’s fifth-year option number is $23,106 million, a massive upgrade from his 2021 base salary of $1,771,590, and his cap number of $3,013,708. While every quarterback’s future deals will be affected by Patrick Mahomes’ massive 10-year, $450 million deal, Mahomes’ cap hits don’t start to get ridiculous until 2022, when his base salary kicks up from $990,000 to $29,450 million, and 2023, when he starts getting annual roster bonuses the approximate size of the gross national product of France. The Ravens and Jackson could come to terms on a similar deal and save in the short term.

The Bills and Josh Allen are in exactly the same boat, by the way. Allen’s fifth-year option would cost the Bills that same $23,106 million, while his 2021 cap hit is just $6,910,056, based on his status as the seventh overall pick.

So, if you see a lot of action around Jackson and Allen as the 2021 season comes to a close, that’s why.

Here’s the best explainer of the different fifth-year option tiers, from our friends at OverTheCap.com:

Basic: Players who do not meet any of the requirements below will be eligible for a fifth year base salary calculated from the average of the 3rd to 25th highest salaries at their position over the past five seasons.Here’s the best explainer of the different tiers, per our friends at OverTheCap.com:

  • Playtime: These players will be eligible for a fifth year base salary calculated from the average of the 3rd to 20th highest salaries at their position over the past five seasons, provided that their snap counts over their first three seasons meet one of the following three criteria:
    • 75% or greater in two of their first three seasons
    • an average of 75% or greater over all three seasons
    • 50% or greater over all three seasons
  • One Pro Bowl: Players who are named to exactly one Pro Bowl on the original ballot (not as an alternate) will be eligible for a fifth year base salary equal to the transition tender at their position.
  • Multiple Pro Bowls: Players who are named to two or three Pro Bowls on the original ballot (not as an alternate) will be eligible for a fifth year base salary equal to the franchise tender at their position.

In 2020, 13 of the top 32 selections from the 2017 draft class saw their fifth-year options declined, including four of the top five picks: Bears quarterback Mitchell Trubisky, 49ers defensive lineman Solomon Thomas, Jaguars running back Leonard Fournette, and Titans receiver Corey Davis.

In 2019, the retention rate for the 2016 first-round class was much better at the top — the first nine picks saw fifth-year options, through there were still 12 team refusals overall.

In 2018, the 2015 class also saw 12 players who didn’t receive first-year options, but only three of the top 10 picks: Jaguars edge-rusher Dante Fowler Jr., Bears receiver Kevin White, and Giants offensive lineman Ereck Flowers.

The odds are good that as much of 40% of the 2017 class will not see fifth-year options. Here’s how we see the process going in 2021. In this instance, we have 13 players without fifth-year options, including two of the top three picks.