Jaguars Extend QB Trevor Lawrence's Contract for Five Years, Worth $275 Million, According to AP Source

JACKSONVILLE, Fla. — Trevor Lawrence and the Jacksonville Jaguars agreed Thursday to a five-year, $275 million contract extension that makes him one of the highest-paid quarterbacks in NFL history, according to a person familiar with negotiations.

Lawrence’s deal includes $142 million fully guaranteed and a $37.5 million signing bonus, said the person who spoke to The Associated Press on condition of anonymity because neither side had announced the contract publicly.

Lawrence will get an average of $55 million annually during the deal, tying him with Cincinnati’s Joe Burrow for the most in NFL history.

The lucrative bump comes nearly a month after Detroit gave Jared Goff a four-year extension worth $212 million making him the second-highest-paid quarterback in the league. Goff’s average salary is $53 million.

Lawrence is now the sixth QB making more than $50 million a year, joining Burrow, Goff, Justin Herbert of the Los Angeles Chargers, Baltimore’s Lamar Jackson and Philadelphia’s Jalen Hurts. Lawrence is the 14th to top $40 million annually, and he’s the youngest on the list.

The 24-year-old is 21-31 as a starter in three seasons, including 1-1 in the playoffs, and has a whopping 60 turnovers in three seasons. The Georgia native and former Clemson star has completed nearly 64% of his passes for 11,770 yards, with 58 touchdowns and 39 interceptions. He also has 11 rushing scores and 21 fumbles lost.

The Jaguars point to a 19-game stretch spanning the 2022-23 seasons in which Lawrence was at his best. He threw for 4,713 yards, with 29 TDs and 11 INTs, as Jacksonville went 14-5 during that span. General manager Trent Baalke and coach Doug Pederson believe it’s a glimpse of what Lawrence can do when healthy and humming.

But he’s coming off an injury-filled season that Baalke called “alarming.”

The top pick in the 2021 draft missed the first game of his professional career following a sprained right shoulder sustained in Week 16 at Tampa Bay.

Lawrence also missed significant practice time because of other injuries: a sprained left knee in Week 6, a sprained right ankle in Week 13 and a concussion in Week 15.

The injury woes played a part in the worst late-season collapse in franchise history. The Jaguars (9-8) dropped five of their final six games and missed the postseason after spending three months atop the AFC South.

Lawrence seemingly regressed because of the injuries. He threw for 4,016 yards, with 21 touchdowns and 14 interceptions. He also ran for four scores, lost seven fumbles and was sacked a career-high 35 times.

Baalke vowed to upgrade the team’s offensive line and responded by re-signing left guard Ezra Cleveland and adding veteran center Mitch Morse in free agency and then drafting a potential future starter with fourth-round pick Javon Foster out of Missouri.

Baalke also revamped Lawrence’s receiving group by replacing Calvin Ridley, Zay Jones and Jamal Agnew with first-round speedster Brian Thomas Jr., former Buffalo starter Gabe Davis and Devin Duvernay.

Those offseason moves could help Lawrence reach his potential and finally be the generational quarterback the Jaguars thought they drafted three years ago.

The Jacksonville Jaguars have made a significant investment in their future by extending quarterback Trevor Lawrence’s contract for five years, worth a whopping $275 million. This news comes from an anonymous source who spoke to the Associated Press.

Lawrence, who was the first overall pick in the 2021 NFL Draft, has shown immense potential in his rookie season. Despite the Jaguars’ struggles as a team, Lawrence has displayed the talent and leadership qualities that make him a promising franchise quarterback.

By locking Lawrence in with a long-term contract, the Jaguars are signaling their commitment to building around him and creating a winning culture in Jacksonville. This move also ensures that Lawrence will be a cornerstone of the team for years to come, providing stability at the most important position on the field.

The $275 million contract is a significant investment, but it reflects the value that Lawrence brings to the team both on and off the field. In addition to his talent as a quarterback, Lawrence is known for his work ethic, intelligence, and maturity beyond his years. These qualities make him not only a great player but also a leader in the locker room and in the community.

With Lawrence under contract for the foreseeable future, the Jaguars can now focus on building a competitive team around him. This extension gives them the stability they need at the quarterback position and allows them to plan for success in the years ahead.

Overall, this contract extension is a positive development for the Jaguars and their fans. It solidifies Lawrence as the face of the franchise and gives them hope for a brighter future. Only time will tell if this investment pays off, but for now, Jaguars fans can be excited about what lies ahead with Trevor Lawrence leading the way.