The Jacksonville Jaguars recently made quarterback Trevor Lawrence the highest-paid player in the NFL with a five-year, $275 million contract extension that could reach $282.5 million with incentives. This deal includes $200 million in guarantees, with $142 million fully guaranteed at signing. Despite Lawrence’s and the Jaguars’ underwhelming 2023 season, he now shares the title of the league’s highest-paid player at $55 million per year, tying with Joe Burrow.
This significant increase in Lawrence’s contract naturally raises the expectations for other young quarterbacks like Jordan Love and Tua Tagovailoa. Tagovailoa, who had a standout 2023 season with career-high stats and his first Pro Bowl berth, is looking to secure a new deal with the Miami Dolphins. However, his injury history, including a dislocated hip in college and concussions in the NFL, may impact the negotiations for a lucrative contract.
On the other hand, Love, who showed promise and success in the latter half of the 2023 season with the Green Bay Packers, is also seeking an extension. His performance in the playoffs and potential for future success could position him to surpass Lawrence’s contract. The Packers have a history of having the highest-paid player in the league, most notably with Aaron Rodgers.
In contrast, Dak Prescott, who signed a $160 million deal in 2021, is entering a contract year with the Dallas Cowboys. Despite his leverage in negotiations and his desire to stay with the team, there have been no serious discussions about a new deal. Prescott’s camp may push for a contract adjustment based on the growth in the salary cap, aiming for a deal comparable to Joe Burrow’s player-friendly contract structure.
Looking ahead, the quarterback market continues to evolve with escalating salaries and guarantees. As players like Lawrence set new benchmarks, quarterbacks like Love, Tagovailoa, and Prescott navigate their contract negotiations in a rapidly changing landscape. The dynamics of player contracts, performance expectations, and market trends will shape the future of quarterback salaries in the NFL.