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Last year was a banner one for the quarterback market. Four different quarterbacks raised the bar for NFL salaries in 2023. Jalen Hurts, Lamar Jackson and Justin Herbert each took turns atop the NFL salary hierarchy before Joe Burrow became the standard bearer in early September as the start of the regular season was approaching.
Burrow received a five-year, $275 million contract extension, averaging $55 million per year, from the Cincinnati Bengals. The deal is worth up to $281.25 million thanks to $1.25 million of annual incentives in the extension years (2025 through 2029). Burrow has $219.01 million of salary guarantees, of which $146.51 million was fully guaranteed at signing. It’s the most for these contract metrics outside of the $230 million in Deshaun Watson’s fully guaranteed five-year contract with the Cleveland Browns. Burrow got an extremely player-friendly structure from the Bengals in which the first three new contract years average $61,320,327 per year.
Several quarterbacks are in line for lucrative contracts in 2024 although there won’t be the same musical chairs as the league’s highest-paid player. The elephant in the room is Dallas Cowboys quarterback Dak Prescott.
This is Prescott’s contract year and he has leverage in negotiations for an extension despite a subpar performance when Dallas was upset by the Green Bay Packers in the wild-card playoff round as the NFC’s No. 2 seed. His $59.455 million is the NFL’s second highest 2024 salary cap number behind Watson’s $63.977 million. Prescott has a no-trade clause in his contract. He also has a provision preventing Dallas from designating him as a franchise or transition player in 2025 should he play out his contract.
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Source link : https://www.cbssports.com/nfl/news/agents-take-dak-prescott-jordan-love-and-other-nfl-quarterbacks-who-can-sign-a-lucrative-deal-in-2024/
Author : Joel Corry
Publish date : 2024-02-21 19:18:31
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