Details revealed; Contract extension for Jags' Trevor Lawrence
- Staff
- Jun 15, 2024
- 2 min read
June 14, 2024
In an article by Demetrius Harvey of the Jacksonville Florida Times-Union, former Cartersville High School quarterback Trevor Lawrence has been made the NFL’s highest-paid player following his contract extension with the Jacksonville Jaguars. The Lawrence deal with Jacksonville begins in 2026 and includes a total of $275 million over five years, with $200 million in practical guaranteed money. That amounts to $55 million per year over the final five years of the deal. The deal is for seven years through the 2030 season. The former Clemson QB stands to make $306 million in total value, including the 2024 and 2025 seasons, or $43.7 million per year over the course of the deal.
Including the fifth-year option, Lawrence was originally set to make $31,341,293 over the next two seasons, according to OverTheCap. Lawrence will also receive a $37.5 million signing bonus when he signs the deal.
Payment type | Amount | Details |
Signing bonus | $37.5 million | |
2024 base salary | $1.5 million | |
2025 option bonus | $35 million | Fully guaranteed |
2025 base salary | $2 million | Fully guaranteed |
2025 workout bonus | $500,000 | |
2026 option bonus | $35 million | Fully guaranteed |
2026 base salary | $2 million | Fully guaranteed |
2026 workout bonus | $500,000 | |
2027 option bonus | $35 million | |
2027 base salary | $6 million | $29M guaranteed at signing |
2027 workout bonus | $500,000 | |
2028 option bonus | $35 million | Injury guarantee at signing |
2028 base salary | $11 million | Injury guarantee at signing |
2028 workout bonus | $500,000 | |
2029 base salary | $50 million | |
2029 workout bonus | $500,000 | |
2030 base salary | $53.431 million | |
2030 workout bonus | $500,000 |
Source: ProFootballTalk
When Lawrence signs his name on the dotted line, he will be set to take up just 21.5% of this year's salary cap, which is $255.4 million. For reference, when Burrow signed his deal in 2023, he was set to take up 24.4% of the salary cap. According to Spotrac, Lawrence ranks 10th in this category behind Cowboys QB Dak Prescott, who took up 21.9% of the salary cap when he signed his deal in 2021.
In addition to the money, Lawrence's deal also protects against being traded to another team. For Lawrence to lose his no-trade clause, according to PFT, he would have to hold out, get suspended by the team or commit a forfeitable breach of the contract.
The new deal also includes $1.5 million in incentives from 2026 through 2030. Lawrence will get $500,000 if he takes at least 60% of the team's snaps and if the Jaguars win the AFC Championship game. He gets $1 million if he takes at least 60% of the team's snaps and the Jaguars win the Super Bowl for a total of $6 million.
For Lawrence to receive the full incentives built into the contract, the Jaguars will have to win four straight Super Bowls.
~~ Data from Pro Football Talk, OverTheCap, Spotrac, and compiled by Demetrius Harvey of the Jacksonville Times Union
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