Source - Jaguars, QB Trevor Lawrence agree to five-year, $275M deal - ESPN

JACKSONVILLE, Fla. — The Jaguars and quarterback Trevor Lawrence have agreed on a five-year, $275 million contract extension, a source told ESPN's Adam Schefter on Thursday.

The contract includes $200 million guaranteed, including $142 million at signing, the source told Schefter. Lawrence received a $37.5 million signing bonus, a source told ESPN.

The $55 million average salary in Lawrence's deal ties him with the Cincinnati Bengals' Joe Burrow for the top mark in that category in the NFL.

Lawrence becomes the sixth quarterback to have an annual salary above $50 million. The Detroit Lions' Jared Goff ($53 million), Los Angeles Chargers' Justin Herbert ($52.5 million), Baltimore Ravens' Lamar Jackson ($52 million), and Philadelphia Eagles' Jalen Hurts ($51 million) are the other quarterbacks whose average annually salary tops $50 million.

The Kansas City Chiefs' Patrick Mahomes, who just won his third Super Bowl, is the next-highest paid quarterback at $46.339 million annually.

Trevor Lawrence is now tied with Joe Burrow for the highest APY in NFL history.

Lawrence's new contract makes him the ninth quarterback with $100 million or more fully guaranteed, joining the Cleveland Browns' Deshaun Watson ($230 million), Burrow (146.5 million), Jackson ($135 million), Herbert (133.7 million), Goff ($113.6 million), Hurts ($110 million), the Arizona Cardinals' Kyler Murray (103.3 million), and Buffalo Bills' Josh Allen ($100 million).

Lawrence is already fourth all-time in Jaguars history in passing yards (11,770) and passing touchdowns (58) and is 21-31 as a starter (including playoffs). He led the Jaguars to the AFC South title in 2022 and rallied the team from a 27-0 deficit to a 31-30 victory over the Chargers in a wild-card