Total Pro Sports
Trevor Lawrence, the Jacksonville Jaguars’ No. 1 overall pick in the 2021 NFL Draft, secured a massive five-year, $275 million contract extension ahead of the 2024 season. This deal places him among the highest-paid quarterbacks in NFL history.
Under the terms of his new contract, Lawrence earns an average annual salary (AAV) of $55 million, tying him with Joe Burrow as the second-highest-paid quarterback in the league. His deal includes a total of $200 million in guaranteed money, with $142 million fully guaranteed at signing. For comparison, Dallas Cowboys quarterback Dak Prescott leads the league in AAV at $60 million, while Patrick Mahomes holds the largest overall contract at $450 million. Lawrence’s deal ranks fourth among quarterbacks in total guaranteed money, trailing Prescott, Deshaun Watson, and Burrow.
Trevor Lawrence’s contract is structured with escalating salary figures, and cap hits through the 2029 season. In 2025, he carries a salary cap charge of $17 million, which accounts for 5.89% of Jacksonville’s total cap space. His cash payout for the year reaches $37.5 million, making up 14.29% of the team’s spending. A significant portion of his earnings comes from option bonuses, with $35 million scheduled each year from 2025 to 2028. By 2029, his salary will skyrocket to $50 million, and in 2030, it will peak at $53.34 million, marking his highest cash payment of $53.84 million.
Trevor Lawrence's #Jaguars Extension
▪️5 yrs, $275M new
▪️$142M g'teed at sign
▪️5-bonus structure
▪️$39M 2024 cash
▪️No-Trade Clause
▪️5 yrs, $202M practicalCAP HITS
2024: $15M
2025: $17M
2026: $24M
2027: $34M
2028: $47M
2029: $78.5M
2030: $74.8M
2031: $21M (void)BREAKDOWN:…
— Spotrac (@spotrac) June 14, 2024
Since entering the league, Lawrence has accumulated career earnings of $70.1 million, with potential earnings reaching $337.5 million if he plays through the entirety of his contract. His cap hit will reach its highest in 2029 at $78.5 million, making Jacksonville’s long-term financial strategy critical to managing roster flexibility.
Recent rumors suggested the Pittsburgh Steelers inquired about acquiring Lawrence, but the Jaguars have made it clear they have no intention of trading their star quarterback. According to reports from the Jaguars’ front office, they hired new head coach Liam Coen specifically to develop Lawrence.
Despite his lucrative extension, injuries disrupted Lawrence’s 2024 season and limited him to a career-low 10 starts. A left shoulder injury in Week 9 against the eventual Super Bowl champion Philadelphia Eagles and a late-season concussion significantly impacted his availability. However, Lawrence underwent shoulder surgery on December 17 and is expected to be fully healthy for the 2025 season.
Since his rookie season in 2021, Trevor Lawrence has completed 63.3% of his passes, throwing for 13,815 yards with 69 touchdowns and 46 interceptions over 60 career games. His best season came in 2022 when he...
