Trevor Lawrence has signed a five-year contract extension on Thursday to make official his deal with the Jacksonville Jaguars worth a reported $275million with $200m guaranteed.
‘We signed our name on the thing — so it’s official,’ Lawrence said after putting pen to paper on his contract along with his wife, Marissa. ‘Believe it or not, it’s a lot of pages to read through. It’s a lot of paperwork.’
Lawrence was entering the final year of his contract before the agreement with the potential of the franchise tag or free agency looming. Lawrence said he didn’t give any consideration to moving on from the Jaguars.
‘The direction we’re heading on the football side, that makes it obviously a no-brainer for us,’ Lawrence said Thursday.
‘We’re headed in the right direction. I want to be the quarterback here. I want to bring a championship to Jacksonville. That’s my goal. I really know that we can accomplish that.’
The deal pays Lawrence $55m per season, tying Joe Burrow of the Cincinnati Bengals for the highest average annual value among NFL quarterbacks.
Lawrence, the No. 1 overall pick of the 2021 NFL Draft, would have played the 2024 season for $5.6m on his rookie deal if no long-term deal had been reached.
The year Lawrence was drafted, only three NFL quarterbacks made at least $40m per season — and Patrick Mahomes’ $43m AAV with the Chiefs was tops in the league.
Lawrence, 24, made the Pro Bowl in 2022 and is 20-30 as a starter, passing for 11,770 yards with 58 touchdowns and 39 interceptions through three seasons. He has rushed for 964 yards and 11 scores.
He threw for 4,016 yards, 21 touchdowns and 14 interceptions in 16 games in 2023, missing one game due to injury. The Jaguars missed the playoffs despite an 8-3 start to the season.