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Quarterback contract extensions in 2023 will be huge

By Lou Scataglia

Oct 9, 2022; Baltimore, Maryland, USA; Cincinnati Bengals wide receiver Ja'Marr Chase (1) speaks with quarterback Joe Burrow (9) during the game against the Baltimore Ravens at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports
Oct 9, 2022; Baltimore, Maryland, USA; Cincinnati Bengals wide receiver Ja'Marr Chase (1) speaks with quarterback Joe Burrow (9) during the game against the Baltimore Ravens at M&T Bank Stadium. Mandatory Credit: Tommy Gilligan-USA TODAY Sports /
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The quarterback market this offseason for contract extensions will be like nothing the league has ever seen before as some may eclipse $50 million/year.  Perhaps the recent contract extensions we saw quarterbacks sign last offseason will be dwarfed by the coming contracts.

All of Lamar Jackson, Jalen Hurts, Joe Burrow, and Justin Herbert should all command new contracts this offseason.  Typically, teams will try to extend their players after their third season in the NFL, especially for quarterbacks.

Other positions are similar to this, though.

Aaron Rodgers was the first quarterback to hit the $50 million per year threshold that will now be used as starting talks for the QBs mentioned earlier.

Even the $40 million per year threshold that became the crazy new number was not too long ago, but with the salary cap increasing, the contracts will increase as well.

So, of the four mentioned players, which one will end up with the richest deal?

Well, reports reveal that Jalen Hurts could command more than $50 million per year.  Last year, this would have been absolutely ridiculous to even consider, but if Hurts can lead his team to a Super Bowl victory, we could see Hurts somewhere in the $52 million per year range.

So, what would that do to the quarterback position with other players?

Well, I personally think that Lamar Jackson, Joe Burrow, and Justin Herbert would all get deals richer than that.  Joe Burrow strikes me as the one of these four to get the richest deal, but they could all end up being very close in AAV and the differences in the deals may end up being very small.

What other signal callers have done is take short-term deals in order to continue cashing in as the market resets.  Kirk Cousins has been the prime example of this, and Dak Prescott might be set to cash in again soon, as his first big extension was just for four years.

I would not be surprised to see the formerly mentioned players want shorter term deals.

Could we see some contracts in the range of four years, $200-$220 million?  I think so.

This could also make recent quarterback contract extensions look smaller and smaller.

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