On Tuesday, NFL Network Insiders Ian Rapoport and Mike Garafolo reported that Justin Herbert and the Los Angeles Chargers have come to an agreement for a significant long-term contract extension. This deal will make Herbert the highest-paid quarterback in the NFL based on average salary. According to reports, Herbert will be signing a five-year contract worth $262.5 million, which slightly exceeds Lamar Jackson’s April extension with the Ravens in both total money and average salary per year.
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The Chargers have announced a contract extension that will see quarterback Justin Herbert play with them through the 2029 NFL season. As part of the deal, Herbert will receive $218.7 million in guaranteed payments.
Prior to the extension, Herbert had two years left on his rookie contract. He was set to earn approximately $8.5 million this season and was due to receive $29.5 million on his fifth-year option contract in 2024.
Meet Herbert, a talented football player who was drafted by the Chargers in 2020. He was selected in the first round, with an impressive sixth overall pick. Since then, Herbert has started in almost all of the games he was eligible for, totaling 49 out of 50 games. During that time, he has thrown for an astonishing 14,089 yards, 94 touchdowns, and only 35 interceptions. Herbert has also managed to rush for 683 yards and score six touchdowns in his three seasons.
With Herbert as their starting quarterback, the Chargers have won 25 games and lost 24 games. Although they made it to the playoffs last season, their journey came to an unfortunate end when they fell short against the Jaguars, losing 31-30 after blowing a 27-0 lead.
This agreement is bound to have a significant impact on the NFL. It can serve as a benchmark for the Bengals and their draft pick Joe Burrow when negotiating their own contracts. It wouldn’t be surprising if Burrow surpasses Herbert’s financial figures once he reaches an agreement with the Bengals.
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