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Trevor Lawrence contract extension details revealed. What does it mean for the Jaguars?
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- Trevor Lawrence contract extension details revealed. What does it mean for the Jaguars?
Trevor Lawrence is the league's highest-paid player, or at least will be for the interim alongside Cincinnati Bengals quarterback Joe Burrow after his contract extension with the Jacksonville Jaguars kicks in, in 2026.
Lawrence's extension with the Jaguars 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. In essence, Lawrence's deal with Jacksonville is for seven years through the 2030 season. Lawrence 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.
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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.
Trevor Town: Trevor Lawrence, Jaguars agree to five-year, $275-million contract extension
Breaking down Trevor Lawrence 's contract extension: How much will he make?
Jaguars quarterback Trevor Lawrence (16) throws a pass to wide receiver Christian Kirk during a November 2023 game against the 49ers. Lawrence's new contract makes him the league's highest-paid quarterback alongside Joe Burrow.
Obtained by Pro Football Talk's Mike Florio , Trevor Lawrence's contract has been broken down year-by-year, giving readers a closer look at how the franchise QB will be paid by Jacksonville over the next seven years.
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It's worth noting that new money for Lawrence's deal does not necessarily kick in until the 2026 season.
Here's how Lawrence's contract breaks down, per Pro Football Talk . Note that of Lawrence's 2027 base salary, $12 million is guaranteed for injury at signing, and the salary would become fully guaranteed in early 2026. In 2028, his base salary and option bonus will be guaranteed for injury at signing and become fully guaranteed in 2027.
| 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
How much will Trevor Lawrence's contract extension count against Jaguars' salary cap?
With the numbers now revealed, we also have a breakdown of Lawrence's cap hits through the 2030 season provided by Spotrac .
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Here are Lawrence's cap hits over the next seven years:
-
2024: $15,029,725
-
2025: $17,000,000
-
2026: $24,000,000
-
2027: $35,000,000
-
2028: $47,000,000
-
2029: $78,500,000
-
2030: $74,841,000
Trevor Lawrence's contract includes a no-trade clause
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.
What incentives does Trevor Lawrence's contract include?
According to PFT, the new deal 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.
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As Florio notes, for Lawrence to receive the full incentives, the Jaguars will have to win four straight Super Bowls.
Jaguars stat leaderboard: Trevor Lawrence is staying in Jacksonville. Where does he rank in Jaguars' all-time stats?
What percentage of the salary cap will Trevor Lawrence take up?
As is the case with the majority of NFL contracts, teams take into account what percentage of the salary cap a given player will take up. Doing so gives teams an understanding of how many resources they can pour into various position groups. That's especially true for the quarterback position.
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.
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What does this mean for the Jaguars moving forward?
The Jaguars have now invested a considerable amount of cap space and cash in the quarterback position with Lawrence's extension. Though it is a positive for the organization overall, it will have consequences.
Whether the consequences are borne out negatively will be determined later down the line, but investing a significant portion of the team's yearly cap-space allotment naturally limits what else the team can do.
For instance, the Jaguars spent $175.3 million in guaranteed money during the 2022 offseason, signing receiver Christian Kirk, tight end Evan Engram , defensive lineman Foley Fatukasi, linebacker Foye Oluokun , guard Brandon Scherff , receiver Zay Jones and cornerback Darious Williams .
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That simply can't happen as easily as it did in the past now that Lawrence's deal is set to get on the books. Still, Jacksonville structured the contract favorably. For instance, Lawrence's cap hit doesn't necessarily balloon until the 2029 season when it jumps from $47,000,000 in 2028 to $78,500,000 in 2029.
Still, the Jaguars spent the money because of their confidence in the quarterback, a confidence that has never wavered through the two seasons head coach Doug Pederson has coached him.
If Lawrence does live up to the deal, the Jaguars will be a successful franchise, likely a multi-time division champion and potentially a Super Bowl winner. That's the implication when a quarterback signs a deal this large after his rookie contract.
Demetrius Harvey is the Jacksonville Jaguars reporter for the Florida Times-Union. You can follow him on X, formerly known as Twitter, at @Demetrius82 .
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This article originally appeared on Florida Times-Union: Jaguars Trevor Lawrence $275M full contract extension details revealed
