This offseason, the title of highest-paid quarterback in the NFL has changed hands several times.
Jalen Hurts of the Philadelphia Eagles earned this coveted title upon signing a five-year, $255 million deal after leading them on an unlikely Super Bowl journey. Later that same season, Lamar Jackson secured it by inking a similar agreement with Baltimore Ravens as their quarterback.
On Tuesday, the Los Angeles Chargers made Justin Herbert the highest-paid quarterback in the NFL with a five-year, $262.5 million contract – however, this distinction may not last for too long.
The Cincinnati Bengals and Joe Burrow are currently in contract negotiations that could make him the highest-paid quarterback in the league when the new season begins.
Burrow May Not Seek A Mahomes-Type Deal after Kansas City inked Patrick Mahomes to an unprecedented 10-year, $450 Million contract last December, many analysts believed it might set a new precedent in the quarterback market.
Mahomes has paid the price and fallen to eighth highest-paid quarterback annually.
While the Bengals may press for something similar to Mahomes’ long-term deal, Burrow may find it best to pursue a cleaner contract structure that keeps terms as simple as possible.
That suggests a four- or five-year extension is much more likely than the decade-long deal Mahomes received in 2020.
Spotrac recently projected Joe Burrow’s contract extension could total four years and $222 million, which would average out to $54 Million annually during his extension – potentially making him the highest-paying QB in the league.
With an extension, Joe Cool would become eligible for a 6-year, $257M contract; however, due to the current quarterback market conditions, it appears as though the Cincinnati Bengals may need to pay an increased premium in order to secure his future as their quarterback of choice.
Given that Burrow has led Cincinnati to appearances in both the Super Bowl and AFC Championship Gamein consecutive seasons, it wouldn’t be a shock if his annual average salary exceeded that of Justin Herbert of the Chargers.
Our salary experts estimate Joe Burrow’s contract extension could span four years and $240 million, leading to a six-year and $275 million deal.
So, look for a shorter contract than what Mahomes is getting in Kansas City.
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