Trevor Lawrence is tied with Joe Burrow as the NFL’s highest-paid player

Trevor Lawrence landed the latest megadeal among NFL quarterbacks.

Lawrence has agreed to a five-year contract extension with the Jacksonville Jaguars worth $275 million, two people familiar with the deal confirmed Thursday night. .

The extension’s average annual value of $55 million would tie Lawrence, who turns 25 in October, with Cincinnati Bengals quarterback Joe Burrow as the NFL’s highest-paid player. Burrow signed a five-year, $275 million contract extension with the Bengals in September.

Lawrence, the top pick in the 2021 NFL Draft, completed his third season and became eligible to sign a contract extension under the terms of the collective bargaining agreement between the league and the NFL Players Association. He was previously signed through the 2025 season after the Jaguars exercised the fifth-year option in his rookie contract.

Lawrence was selected to the Pro Bowl for the 2022 season, when he threw 25 touchdown passes and only had eight interceptions. But last season was a struggle, as he threw 14 interceptions to bring his three-year total to 39.

Still, he’s proven he can be a top-tier NFL quarterback. That’s rare for his draft class: The other four quarterbacks selected in the top 15 picks — Zach Wilson, Trey Lance, Justin Fields and Mack Jones — have all been traded. Jones, the 15th overall pick in that draft by the New England Patriots, is now Lawrence’s backup with the Jaguars.

Lawrence has thrown for 11,770 yards and 58 touchdowns in his three NFL seasons. The Jaguars went 20-30 in their regular season opener and reached the playoffs for the 2022 season.

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Burrow passed Justin Herbert of the Los Angeles Chargers as the NFL’s highest-paid player last year. Herbert agreed to a five-year, $262.5 million extension with the Chargers in July. It comes just three months after Lamar Jackson signed a five-year, $260 million extension with the Baltimore Ravens through April 2023. Jackson’s signing comes after Jalen Hurts signed a five-year, $255 million extension with the Philadelphia Eagles earlier that month.

Lawrence’s contract includes $200 million in guaranteed money, according to two people familiar with the terms of the contract.

Other top quarterbacks could be on the move in the coming months, with Tua Tagovailoa of the Miami Dolphins, Dak Prescott of the Dallas Cowboys and Jordan Love of the Green Bay Packers all likely to sign extensions.

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