NFL Offseason 2023: The next batch of QB contract extensions
The 2023 NFL offseason has been a fun ride so far, but the next batch of quarterback contract extensions will be interesting to follow. There are a handful of quarterbacks that should be in line to land massive contract extensions this offseason:
- Justin Herbert
- Joe Burrow
- Jalen Hurts
- Lamar Jackson
The 2020 NFL Draft class should all be able to cash in this offseason. Jackson’s situation is quite different as he does not have an agent and was just playing this past season on the franchise tag. With his formal trade request from the Baltimore Ravens becoming public.
The other three QBs could all get extensions this offseason, and it seems like Jalen Hurts will be the first one to put pen to paper.
Let’s dive a bit deeper into these contract extensions.
NFL Offseason 2023: The next batch of QB contract extensions
All numbers provided come from spotrac.com
Below are all the projected contract extensions for the previously mentioned players from spotrac.com:
Jalen Hurts: six years, $265,373,424 ($44.2M AAV)
Joe Burrow: six years, $264,002,724 ($44M AAV)
Justin Herbert: six years: $254,553,828 ($42.4M AAV)
Lamar Jackson: six years, $244,588,332 ($40.7M AAV)
So, this is roughly how spotrac.com comes to their numbers, pulled directly from their website:
"“We’ve selected the following players based on their age, contract status, and statistical production to compare Lamar Jackson to.”"
So, they use a few factors to determine where about the player would fall with a contract extension.
Let’s dive into the contracts more. First of all, just imagine if this many QBs signed deals this offseason; that would be quite the sight to see and experience.
They’re listen in order by value of the contract and the average annual value. They believe that Hurts gets the most money on a deal and Jackson gets the least among these four. Right off the bat, these numbers all seem quite low to me.
Actually, very low. I’d argue that at least three of these players will sign deals worth $50 million per season. As we know, positional markets reset all the time with various top players being in line for deals.
It would make no sense that these four players would sign contracts worth less than any of the players just mentioned. That would go against everything we know about market resetting contracts.
In my opinion, Joe Burrow is the best of the four, and I’d argue that he could see a deal worth around $52 million per season.
I’d peg Justin Herbert as the second best player of the four mentioned. I think he could easily hit $50 million per season as well, and I think based on Hurts’ explosion in 2022 and a near Super Bowl victory, he could easily sign a deal this offseason at or above $50 million per season.
I do think Lamar Jackson will get close to that number, unless he’d rather take less on the AAV side and more on the fully guaranteed side. Honestly, I would not be surprised if each of Hurts, Burrow, Herbert, and Jackson all sign contract extensions worth at least $50 million per season.
I think the numbers that spotrac.com provided are too low, but I guess in contract negotiations, teams will start with a smaller offer and slowly work their way up until both sides have an agreement.
Are these QBs worth $50 million per season?