After agreeing to a five-year, $255 million contract extension with the Eagles, with $179 million in guarantees, Jalen Hurts became the new king of quarterback contracts.
That moment at the top was short-lived after Lamar Jackson inked a five-year, $260 million deal.
Jackson’s moment is short-lived after Justin Herbert agreed to a five-year, $262.5 million deal.
Sources to me and @RapSheet: The #Chargers have agreed to terms on a five-year, $262.5 million contract extension with QB Justin Herbert.
The sixth overall pick in the 2020 NFL Draft becomes the latest franchise QB to secure his future with the team. pic.twitter.com/OHwAA36k3T
— Mike Garafolo (@MikeGarafolo) July 25, 2023
Herbert’s five-year deal is now the second richest in NFL history from a total value, including $218 million guaranteed, per Albert Breer. On average, per year, it makes the former Oregon star the NFL’s new highest-paid player.
Big one. Justin Herbert is the NFL's highest paid player, though he probably won't be for long. The list …
1) Justin Herbert, Chargers: $52.5M
2) Lamar Jackson, Ravens: $52.0M
3) Jalen Hurts, Eagles: $51.0M
4) Aaron Rodgers, Jets: $50.3M
5) Russell Wilson, Broncos: $49.0M https://t.co/baRITMYW1x— Albert Breer (@AlbertBreer) July 25, 2023
With the contract now set, here’s a look at the highest-paid quarterbacks in the NFL via Over The Cap.
Total value
The $262 million falls behind only Patrick Mahomes in total value.
Avg./Year
The $52.5 million per season puts Herbert at No. 1 on the list ahead of every player in NFL history.
Total Guaranteed
The $218 million in guarantees trail only Browns quarterback Deshaun Watson.
Random Notes
Justin Herbert will make $100M in cash this calendar year, the most ever in the first year of a contract.
In three seasons with Los Angeles (AFC), Herbert is 25-24 with one playoff loss.
The former Ducks star has passed for 14,089 yards, eclipsing Andrew Luck for the most passing yards through a quarterback’s first three NFL seasons.
Herbert has completed 1,316 career passes, which also is the most in league history through a player’s first three seasons. His 64 Total QBR is ranked fourth best in the NFL since his rookie season in 2020.
