Tag: Justin Herbert contract

Breaking down the cap: Chargers QB Justin Herbert’s new contract

Here is a full breakdown of the cap from Justin Herbert’s new contract moving forward for the Chargers.

Quarterback Justin Herbert’s payday arrived with the Chargers, agreeing to terms on a massive $262.5 million extension, locking him in until 2029.

Here is a full breakdown of the cap from Herbert’s new contract moving forward for the Chargers.

Herbert’s signing bonus is $16.12 million and will be prorated over five seasons. He also has the chance to earn a bonus of $50.61 million in 2024 (prorated over 5 years) and another option bonus of $45 million in 2024 (prorated over 5 years.)

2023: Base salary of $1.01m, signing bonus (including rookie bonus) $7.45m, cap hit $8.46m

2024: Base salary of $6m, signing bonus $3.22m, optional bonus $10.12m, cap hit $19.35m

2025: Base salary of $15m, signing bonus $3.22m, optional bonus $19.12m, cap hit $37.35m

2026: Base salary of $24m, signing bonus $3.22m, optional bonus $19.12m, cap hit $46.35m

2027: Base salary of $36m, signing bonus $3.22m, optional bonus $19.12m, cap hit $58.35m

2028: Base salary of $47m, roster bonus $5m, optional bonus $19.12m, cap hit $71.12m

2029: Base salary of $40.5m, roster bonus $10m, optional bonus $9m, cap hit $59.5m

Though the cap numbers above are shockingly high, Herbert should be restructured going into the 2027 season – five years after his initial signing. His contract is mostly likely to be either extended again or reworked to push the cap into further years, extending his time on this current deal before striking up another one. The salary cap also increases every season, allowing Herbert to stay well under 20% of the team’s total projected cap space in the seasons to come.

Contract breakdown for Chargers QB Justin Herbert’s extension

Justin Herbert will be in Los Angeles for years to come.

The Chargers and quarterback Justin Herbert have agreed to a long-awaited blockbuster contract extension totaling a whopping $262.5 million over 5 years, making Herbert the highest-paid player in NFL history and locking him through 2029.

The multi-year contract includes $218 million guaranteed: $133.7 million of this number is fully guaranteed and $193.7 million is the injury guarantee. Over the full term, Herbert could potentially make $218.7 million. This guaranteed number is only less than one other player in the league – Deshaun Watson who makes $230 guaranteed – and surpasses Lamar Jackson’s guaranteed number by $30 million.

In Year 1, Herbert gets $100 million, topping the previous high of $80 million. Herbert’s contract averages an annual value of $52.5 million per season. He is now the third quarterback in 2023 to slide into the No. 1 spot for the highest-paid quarterback in history. Herbert has thrown for 14,089 yards and 94 touchdowns and touts an impressive 96.2 passer rating through his first three seasons.

Not only this but his $3,224,375 fifth day of training camp roster bonus will most likely be converted into a signing bonus since it has yet to be earned.

With Herbert locked in on a multi-year deal, the Chargers are looking at a very bright future ahead of them.

Chargers 2023 roster review: QB Justin Herbert

Justin Herbert looks to take his game to the next level under Kellen Moore.

The 2023 season is just a month away, and with weeks of dead time during the quietest part of the NFL offseason, Chargers Wire is endeavoring to document each of Los Angeles’ players before the start of the team’s training camp.

The Chargers are in a great position to have their quarterback of the future on the roster.

Herbert has been nothing short of outstanding in his first three seasons with the Bolts, throwing for 14,089 yards, 94 touchdowns and 35 interceptions and shattering various records along the way.

However, Herbert has yet to fully unlock what makes him such a great player: his immense arm strength and talent.

Last season, Herbert battled fractured rib cartilage and a torn labrum in his non-throwing shoulder, other key players on the offense dealt with injuries and they did not have a speed option, which limited him from uncorking it.

That should change, however. Insert offensive coordinator Kellen Moore and wide receiver Quentin Johnston.

Moore’s system is the recipe to success for Herbert, and so is the return of all key members on the offensive side of the ball, including left tackle Rashawn Slater and the addition of Johnston.

Contract (2023): Herbert, entering the fourth season of his five-year rookie contract, is scheduled to earn $4.23 million. He became eligible to sign a long-term extension at the conclusion of the 2022 season.

Acquired: The Chargers selected Herbert in the first round of the 2020 NFL draft (No. 6 overall).

Quote: Moore on Herbert:

“Yeah, there’s some obvious stuff. The biggest thing is obviously his arm talent. But his combination of size, throwing ability, athleticism, I mean, there’s only a few on earth that can have that combination and play at such a high level. It’s really fun to see. I was a 6-foot, kind of hanging-on quarterback for six years. And I laugh, there’s a few throws sometimes he makes that I say, ‘I would never think about trying that throw, but here we are.’ It’s opened my eyes to some things.”

Highlight:

Chargers HC Brandon Staley: Justin Herbert contract talks are ‘ongoing’

Brandon Staley sounded off on the Chargers’ contract negotiations with Justin Herbert.

Chargers quarterback Justin Herbert is due for a contract extension. When? That remains to be seen. But he will get one soon.

On Monday, head coach Brandon Staley said negotiations are “ongoing,” according to ESPN’s Lindsey Thiry. Staley said this before participating in the team’s charity golf tournament.

Staley last provided an update ahead of the NFL draft, and while he believes not much has changed since then, he expressed continued “faith” in the organization.

Los Angeles exercised Herbert’s fifth-year option this past April. Even though a deal has not been made, Herbert expressed his commitment to the Chargers.

“They’ve done such a great job of taking care of us and my message really hasn’t changed,” Herbert said. “It’s been an honor to be a part of this team. It’s great to come to events like this and whatever happens, happens and it’s out of my control at this point.”

Herbert was also asked if he would be OK with playing this upcoming season without a deal.

“That’s a good question. I think that’s something you have to address and you have to think about,” Herbert said. “My job at this point is just to play quarterback and to be the best leader, quarterback and teammate that I can be. So I’m doing everything I can to rehab, get back and make sure my shoulder is ready for this season.”

Herbert, who tore his labrum in his left shoulder in the team’s Week 17 victory over the Jaguars, provided an update on how he was feeling after getting surgery back in January.

“I feel a lot better,” Herbert said. “The shoulder is holding up, been able to lift quite a bit more, conditioning, so picking up more, especially upper body-wise. So it has been tough. It’s an unlike any other offseason for me, but you have to find a way to make it work.”

In three seasons, Herbert has 14,089 passing yards, 94 touchdowns and 35 interceptions with a 66.9 completion percentage.

New quarterback deals reset standard for Chargers’ extension of Justin Herbert

The contracts divvied out to quarterbacks this week have virtually guaranteed Justin Herbert an eye-watering payday on his next contract.

With the offseason in full swing and free agency set to start, two quarterback contracts finalized this week could set the market for the Chargers’ future negotiations with Justin Herbert. Herbert is entering his fourth season under center in Los Angeles and will be due for a massive payday.

The Saints’ signing of Derek Carr earlier this week sent shockwaves around the league. And the Giants’ decision to give Daniel Jones more than $80 million in guaranteed money set a new standard for what quarterbacks can expect to make.

Herbert’s youth will factor into the length and total dollar amount of his new contract, and negotiations could get tense as the Chargers will almost certainly want to keep their franchise quarterback in Los Angeles for the better part of a decade on his second deal.

With the market’s volatility and seemingly parabolic rise in average pay per year, the Chargers may be forced to resort to the franchise tag when dealing with Herbert and could deploy a strategy similar to that of the Ravens in their negotiations with former MVP Lamar Jackson.

Baltimore placed a non-exclusive franchise tag on Jackson, paving the way for other teams to set his market while Baltimore has the right of first refusal and the ability to match any contract offered to the 26-year-old.

Los Angeles’ salary cap situation will need to be rectified before they can give Herbert a second contract. Given the utter lack of flexibility, the Chargers may be resigned to using the fifth-year option to keep Herbert under center in powder blue and sunshine gold in 2024.

Chargers sign QB Justin Herbert to four-year deal

The Los Angeles Chargers lock up their quarterback of the future.

Quarterback Justin Herbert and the Chargers have come to terms, which is a fully guaranteed four-year rookie deal worth nearly $26.6 million with a fifth-year option on Saturday, according to NFL Network’s Ian Rapoport.

This would mark the second rookie that Los Angeles has agreed to terms with. Earlier this week, sixth-round pick Alohi Gilman signed his rookie contract.

Drafted with the No. 6 overall selection of this year’s draft, Herbert will join L.A. with the hopes of becoming the long-term answer after the team and Philip Rivers parted ways after 16 seasons.

In 44 career games at Oregon, Herbert completed 827-of-1,293 pass attempts for 10,541 passing yards (64%), 95 touchdowns and 23 interceptions. He started 14 games in 2019, completing 286-of-428 passes (67%) for 3,471 yards, 32 touchdowns and six interceptions.

Herbert’s game is not flawless and there are a few things he needs to work on, but he has the size, arm talent, mobility and above-average accuracy. With the new system, mentorship from quarterbacks coach Pep Hamilton and the weapons that Los Angeles has in place, he could succeed in the league.

It remains to be seen when Herbert will make his professional debut. Even though he will be battling it out with Tyrod Taylor in training camp, it’s likely that the 30-year old Taylor will begin the season as the starter.