Quarterback Contract Extensions in the NFL

Jacksonville Jaguars Extend Lawrence's Contract

The Jacksonville Jaguars have made a significant move by extending their franchise quarterback, Trevor Lawrence, to a new five-year deal. This new contract will see Lawrence earning an average of $55 million per year, solidifying his position as one of the highest-paid players in NFL history.

This makes Lawrence, alongside Joe Burrow, who is also enjoying substantial earnings, among the highest-paid players in the league. The Jaguars' investment demonstrates their belief in Lawrence's potential to lead the team to future success.

Jared Goff’s Lucrative Deal

The Detroit Lions have similarly rewarded their quarterback, Jared Goff, with a substantial payday. While specific details of Goff’s contract were not mentioned, it underscores the Lions’ commitment to building around him as their main offensive leader.

Jordan Love's One-Year Extension

The Green Bay Packers made a strategic decision by signing Jordan Love to a one-year, $13.5 million extension rather than exercising his fifth-year option. This approach allows the Packers to evaluate Love’s performance as their starting quarterback over the next season while keeping financial flexibility.

Love’s current deal is set to expire after the 2024 season, giving the Packers ample time to determine if he is their quarterback of the future. The organization's decision reflects their dedication to providing him with the opportunity to prove his worth on the field.

Dolphins' Commitment to Tua Tagovailoa

The Miami Dolphins have decided to exercise the fifth-year option on Tua Tagovailoa’s contract, making him the 15th-highest paid quarterback in the NFL for 2024. Tagovailoa’s rookie deal is scheduled to expire after this season, positioning the Dolphins to negotiate a long-term contract based on his performance in the upcoming games.

This decision emphasizes the Dolphins’ commitment to Tagovailoa, providing him with one more year to prove that he can be the long-term solution at quarterback for Miami.

Uncertain Future for Dak Prescott

Dak Prescott’s four-year, $160 million extension with the Dallas Cowboys is set to expire after the 2024 season. Despite Prescott’s assurance that a new long-term contract would be signed during the offseason, negotiations have not yet gained significant traction.

Cowboys owner Jerry Jones remains dedicated to making a title run, which suggests that a long-term deal with Prescott is still in the cards. Jones’ commitment to the team’s championship aspirations and to Prescott as their leader on the field is unwavering.

Quotes from Insiders

Commenting on the quarterback market, one NFL insider remarked, “Every day you don’t strike a deal at quarterback, the price potentially skyrockets.” This sentiment highlights the urgency and financial considerations teams face in securing their franchise quarterbacks.

Another insider echoed confidence regarding Prescott’s situation, stating, “He’s not going anywhere,” indicating the strong likelihood of Prescott remaining a Cowboy for years to come.

Jones has consistently pledged his commitment to a championship push, and securing Prescott with a long-term deal appears to be part of that strategy.