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Whereby the 2024 salary is one of the NFL QBs

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Whereby the 2024 salary is one of the NFL QBs

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The Jacksonville Jaguars selected Trevor Lawrence as their franchise quarterback in the 2020 NFL Draft.

Clearly, the Jaguars are pleased with the work he has done in the role over his first four seasons. Jacksonville generously rewarded Lawrence for his efforts during the 2024 NFL offseason, signing him to a lucrative contract extension that made him one of the highest-paid NFL players of all time.

How much will Lawrence make for the Jaguars in 2024 and beyond? Here's what you should know about his contract and how it compares to some of the NFL's other top earners.

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Trevor Lawrence contract details

Lawrence signed a five-year, $275 million contract ahead of the 2024 NFL season. Below is a breakdown of the deal's basics, according to Spotrac.com.

  • Expression: 5 years
  • Total value: $275 million
  • Average Annual Value (AAV): $55 million
  • Guaranteed money: $200 million

Lawrence's new contract made him the second-highest paid player in the NFL in both total contract value and AAV, an honor he will share with Cincinnati Bengals quarterback Joe Burrow during the 2024 season. The two quarterbacks have nearly identical contracts, as both make $275 million and have $55 million in AAV.

The only difference between them? Lawrence's deal includes a total of $200 million in guarantees, while Burrows has $219.01 million.

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Who is the highest paid NFL quarterback?

Dak Prescott is currently the highest-paid NFL quarterback based on AAV. On the eve of the 2024 NFL season, he signed a four-year, $240 million contract extension with the Dallas Cowboys to overtake Lawrence and Burrow at the top spot.

Prescott also has the most guaranteed money in his contract among quarterbacks. A whopping $231 million of his deal is guaranteed, surpassing Deshaun Watson's previous record of $230 million on his infamous fully guaranteed deal.

However, Prescott's contract is not the NFL's largest contract overall. That honor goes to Patrick Mahomes, who is set to earn $450 million under the 10-year deal he signed with the team in 2020.

However, it's worth noting that Mahomes restructured his $450 million contract to have a total guaranteed value of $208.1 million through the 2023-26 NFL seasons. The two teams will revisit the deal after the 2026 season, making it likely that Mahomes' actual AAV will end up being above the official listing of $45 million.

Complete list of highest paid NFL QBs

Regardless of which metric you prefer, the 10 highest-paid NFL players are all quarterbacks. Below is a look at who has the highest AAV, highest guarantees, and highest total contract value for the 2024 NFL season.

AAV

  • Dak Prescott, Dallas Cowboys: $60 million
  • Joe Burrow, Cincinnati Bengals: $55 million
  • Trevor Lawrence, Jacksonville Jaguars: $55 million
  • Jordan Love, Green Bay Packers: $55 million
  • Tua Tagovailoa, Miami Dolphins: $53.1 million
  • Jared Goff, Detroit Lions: $53 million
  • Justin Herbert, Los Angeles Chargers: $52.5 million
  • Lamar Jackson, Baltimore Ravens: $52 million
  • Jalen Hurts, Philadelphia Eagles: $51 million
  • Kyler Murray, Arizona Cardinals: $46.1 million

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Guaranteed money

  • Dak Prescott, Dallas Cowboys: $231 million
  • Deshaun Watson, Cleveland Browns: $230 million
  • Joe Burrow, Cincinnati Bengals: $219.01 million
  • Justin Herbert, Los Angeles Chargers: $218.74 million
  • Trevor Lawrence, Jacksonville Jaguars: $200 million
  • Lamar Jackson, Baltimore Ravens: $185 million
  • Jalen Hurts, Philadelphia Eagles: $179.4 million
  • Jared Goff, Detroit Lions: $170.61 million
  • Tua Tagovailoa, Miami Dolphins: $167.17 million
  • Jordan Love, Green Bay Packers: $160.3 million

Total contract value

  • Patrick Mahomes, Kansas City Chiefs: $450 million
  • Joe Burrow, Cincinnati Bengals: $275 million
  • Trevor Lawrence, Jacksonville Jaguars: $275 million
  • Justin Herbert, Los Angeles Chargers: $262.5 million
  • Lamar Jackson, Baltimore Ravens: $260 million
  • Josh Allen, Buffalo Bills: $258.04 million
  • Jalen Hurts, Philadelphia Eagles: $255 million
  • Dak Prescott, Dallas Cowboys: $240 million
  • Kyler Murray, Arizona Cardinals: $230.5 million
  • Deshaun Watson, Cleveland Browns: $230 million

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