Although with the Los Angeles Chargers on Tuesday, by agreeing to a five-year $262.5 million extension, Justin Herbert will become the NFL’s highest-paid quarterback by annual salary.
Though for training camp earlier in the day, this extension came as the Chargers reported. Their first practice will be on Wednesday. Herbert’s net worth and average of $52.5 million per season is more than the $260 million five-year extension ($52 million average) that Baltimore’s Lamar Jackson signed three months ago, a person familiar with the negotiations revealed to the sources.
What do we know about Justin Herbert Contract?
Moreover, Herbert is the second member of the class of 2020 to sign a lucrative extension after Philadelphia’s Jalen Hurts signed a five-year extension worth $255 million. Herbert’s contract also set the stage for the Cincinnati Bengals and Joe Burrows. Also, Bengals owner Mike Brown said Monday that talks would continue.
Therefore, Kansas City’s Patrick Mahomes is in the third year of a 10-year, $450 million contract. The sixth overall pick in the 2020 draft to begin his career with three consecutive seasons, 25-year-old Herbert becomes the first quarterback in NFL history, to at least 4,000 passing yards and one of two players to throw for 25 touchdowns each in his first three years.
Herbert has been second in the league in completions (1,316), sixth in TD passes (102), and third in passing yards (14,089) since he entered the league. Moreover, he still needs to push the Chargers into the ranks of Super Bowl contenders, despite Herbert’s numbers as one of the league’s best passers. Los Angeles is 25-25, including the playoffs, with Herbert at center.
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Therefore, last season, for the first time since 2018, with a 10-7 record, the Chargers reached the postseason. Their season ended with a disappointing 27-point lead in the first half and a 31-30 loss to Jacksonville in the first round of the playoffs. Herbert had a base salary of $4.2 million for the upcoming season and was set to enter the final year of his rookie contract. The Chargers picked up his fifth-year option for 2024, worth $29.5 million, respectively.