The Jacksonville Jaguars solidified their future this week, agreeing to a five-year extension with quarterback, and former first round pick, Trevor Lawrence.

The deal is valued at $275 million, according to ESPN's Adam Schefter. The contract includes $200 million guaranteed and $142 million at signing. Lawrence received a $37.5 million signing bonus in a deal that starts in 2026, keeping him under contract through 2030.

"With this five-year extension, the vision we had when we selected Trevor first overall in 2021 has become a reality," said Jaguars general manager Trent Baalke. "Our objectives have always been aligned. As an organization, we have consistently messaged the importance of extending our core players, and Trevor is a foundational talent that we will continue to build around in our quest for a championship."

Lawrence's new contract ties him with the Cincinnati Bengals' Joe Burrow for the highest average salary in the NFL at $55 million per year. He joins a group of quarterbacks with annual salaries over $50 million, including Burrow, Jared Goff of the Detroit Lions ($53 million), Justin Herbert of the Los Angeles Chargers ($52.5 million), Lamar Jackson of the Baltimore Ravens ($52 million), and Jalen Hurts of the Philadelphia Eagles ($51 million). Patrick Mahomes of the Kansas City Chiefs follows with an annual salary of $46.339 million.

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Jaguars Owner Shad Khan shared his excitement over the deal.

"I am delighted that we've agreed to terms on a contract extension for Trevor Lawrence," said Khan. "Trevor and Trent Baalke both deserve immense credit for their determination over the offseason to reach a deal that will provide long-term benefits to our football team, the Jacksonville community, and our fans everywhere. To get it done comfortably and amicably ahead of training camp, as with the long-term agreement we reached in April with Josh Allen, is a further statement that the Jacksonville Jaguars are committed to winning now and for many seasons to come."

As you might imagine, Trevor Lawrence was likewise thrilled with the mega deal which will keep in Jacksonville.

"I am beyond grateful to be able to continue my career in Jacksonville," Lawrence said in a statement. "My family and I love this city – it has become home to us and this solidifies that even more. We can't thank Mr. Khan and everyone involved enough for their belief in me."

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Lawrence ranks fourth in Jaguars history in passing yards (11,770) and passing touchdowns (58) and has a record of 21-31 as a starter, including playoffs. He led the Jaguars to the AFC South title in 2022 and orchestrated a comeback from a 27-0 deficit to a 31-30 victory over the Chargers in a wild-card playoff game before losing to the Chiefs in the divisional round.

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