With NFL minicamps wrapping up for the summer, the Jacksonville Jaguars and star quarterback Trevor Lawrence have come to terms on a contract extension.
The new deal places Lawrence at the top of the list alongside all of the other major quarterback extensions.
Trevor Lawrence’s Contract Details
It has been widely reported that the Jaguars and Lawrence’s team have been in communication and working towards a deal all offseason.
And according to Ian Rapoport of NFL Network, the two sides finally came to terms on a five-year, $275 million extension with $200 million guaranteed. The deal was worked by Jay Courie of MGC Sports.
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The #Jaguars have reached a deal with their star QB Trevor Lawrence. Sources says they are giving the former No. 1 pick a 5-year extension worth $275M — $55M a year — with $200M guaranteed and $142M fully.
Lawrence’s agent Jay Courie of @mgcsports did the deal. 💰 pic.twitter.com/C3BaDgsjEV
— Ian Rapoport (@RapSheet) June 13, 2024
Lawrence’s new deal ties him with Cincinnati Bengals’ quarterback Joe Burrow for the highest-paid quarterback in the NFL at a $55 million per year average. The two are then followed by Jared Goff ($53 million), Justin Herbert ($52.5 million), Lamar Jackson ($52 million), and Jalen Hurts ($51 million).
Lawrence is now the second blockbuster deal the Jaguars have done this offseason, following EDGE Josh Allen’s five-year, $150 million deal. Those two are now the highest-paid players in franchise history and some of the highest-paid in NFL history.
MORE: Who Are the NFL’s Highest-Paid Quarterbacks in 2024?
The Jaguars exercised Lawrence and teammate Travis Etienne Jr.’s fifth-year options earlier in April following the 2024 NFL Draft. Lawrence’s option was worth $25.664 million and would have kept him under contract until 2025. With his new extension, Lawrence is now under contract until 2030.
Lawrence’s Career So Far
Coming out of Clemson, Lawrence was touted as one of the best prospects ever at the position, even given the “generational” title by some. However, it hasn’t always been smooth sailing for Lawrence after being taken with the first-overall pick in the 2021 NFL Draft.
In his first year, Lawrence dropped into a situation led by Urban Meyer, a college football legend who was in the first year of his own NFL career. However, things didn’t go well with the Jaguars struggling and Meyer being swept by controversy, leading to his firing before season ended. Lawrence passed for 3,641 yards, 12 touchdowns, and 17 interceptions as a rookie.
In his second year, however, Lawrence was given a fresh start under new head coach Doug Pederson. In his 2022, Lawrence passed for 4,113 yards, 25 touchdowns, and eight interceptions. He also led the Jaguars to a late-season surge, winning the AFC South and taking down the Los Angeles Chargers in the Wild Card Round.
Then came Year 3, which, for many, was touted as Lawrence’s likely breakout season. That didn’t happen, though, as he threw for 4,016 yards, 21 touchdowns, and 14 interceptions. The Jaguars also missed the playoffs despite starting 8-3. However, a big reason for that was a string of late-season injuries suffered by Lawrence.
In addition to his injuries, Lawrence’s numbers have also been misleading, mainly due to a plethora of dropped or non-catches by his receivers. He hasn’t been perfect, but Lawrence hasn’t gotten much help, either.
Trevor Lawrence near miss touchdowns pic.twitter.com/3tl8vK3VT5
— Ian Hartitz (@Ihartitz) January 9, 2024
All in all, Lawrence’s career has seen him pass for a 63.8% completion percentage, 11,770 yards, 58 touchdowns, and 39 interceptions. He is the only quarterback from his draft class — which saw four other quarterbacks go in the first round — to still be starting.
Which QBs Are Next To Sign Extensions?
With Lawrence’s deal now done, who’s next in line? The list of names includes Tua Tagovailoa, Jordan Love, and Dak Prescott. All three are set to be free agents following the 2024 season.
First is Tagovailoa, a top-five pick in the 2020 NFL Draft by the Miami Dolphins. He has put together some of the better stats in the NFL, and he’s passed for 12,639 yards, 81 touchdowns and 37 interceptions in his career. However, with the Dolphins’ offensive weapons surrounding him, it’s a question of if they think he’s worth the money he’d command.
Jordan Love is next and, similar to Lawrence, a lot is riding on his potential. A one-year starter after being taken late in the first round of the 2020 NFL Draft, Love will command top dollar with only so much proven production. That minimal playtime has been very good, though, as he’s passed for 4,765 yards, 35 touchdowns, and 14 interceptions.
Then there’s Prescott, who is the oldest and most proven of the bunch. Coming off of a four-year, $160 million extension in 2021, Prescott is looking for another deal at age 30. For Prescott, production isn’t the question, as he’s coming off of an MVP-caliber season and has passed for 29,459 career yards, 202 touchdowns, and 74 interceptions.
The major question for Prescott and the Cowboys is simple: Can he win them a championship? If the Cowboys believe he can, which his numbers prove he very well might be able to, then he’ll likely ink a new deal. However, if they don’t, there’s a chance he moves on elsewhere.
KEEP READING: Dak Prescott Should Benefit from Trevor Lawrence’s Extension
Of all the options, Love seems the most likely to get an extension and will be the next to sign a new deal. On Wednesday, Love spoke to the media, optimistic about a long-term extension before training camp.
“It’s what I’ve heard,” said Love, via the Associated Press.
“We’d like to get this done before training camp, for sure. Both parties want to get a contract extension done,” said general manager Brian Gutekunst on 97.3 The Game.