Another domino in the quarterback market will fall in Jacksonville. Weeks ahead of training camp, Trevor Lawrence‘s extension is done. It will match Joe Burrow‘s NFL contract record.
The former No. 1 overall pick agreed to a five-year, $275MM extension Thursday, NFL.com’s Ian Rapoport reports. The deal will include $200MM guaranteed in total and $142MM guaranteed at signing. The latter two marks are not NFL standards, but at $55MM per year, Lawrence has checked in alongside the player chosen first overall a year before him.
This certainly marks a pivotal offseason for the Jaguars, who reached a lucrative extension with Josh Allen not long after franchise-tagging their top pass rusher. New deals for Lawrence and Allen will change the equation for the Jags, who could not do too much to capitalize on their quarterback’s rookie contract. Though, the Jags had sunk low before landing Lawrence and did not begin a recovery effort until the QB’s second season, as the Urban Meyer year kept the franchise in the NFL’s basement.
Lawrence, however, has shown promise under Doug Pederson. The Clemson product best displayed his talents during the second half of the 2022 season, which brought a Jags surge to the AFC South title and a 27-point comeback over the Chargers in the wild-card round. The team did not build on this last season, collapsing down the stretch — as Lawrence battled multiple injuries — and missing the playoffs. Pederson and Trent Baalke will now be tasked with forming a winning team around a $55MM-per-year quarterback contract.
In terms of guarantees, Lawrence’s marks check in third in both categories. No one has come close to approaching the $230MM fully guaranteed Deshaun Watson commanded; Burrow came closest, at $146.5MM. Lawrence’s full guarantee checks in between Burrow and Lamar Jackson ($135MM). His total guarantee comes in between Burrow’s ($219MM) and Justin Herbert‘s ($193.7MM). Lawrence has not reached the heights of any QB in this range, counting Watson’s Texans success, so this deal represents good news for the likes of Tua Tagovailoa and Jordan Love.
The salary cap’s record rise to $255.4MM — a $30MM-plus increase — placed this QB contingent as clear candidates to join the $50MM-AAV club, which formed last year when Jackson, Herbert, Burrow and Jalen Hurts each signed extensions. Jared Goff signed an extension that made him second only to Burrow in the league; the Lions QB drops to third after this…