With the Trevor Lawrence deal secured, quarterbacks like Dak Prescott, Tua Tagovailoaand Jordan Love now have a new benchmark for their own contract negotiations. Despite his limited experience, Love could potentially benefit from Jacksonville’s large investment.
The Jaguars have signed Lawrence to a five-year, $275MM extension, matching the terms and overall value of Joe Burrow’s deal from last year. Despite Lawrence’s mixed performance over three years, his ability to secure a significant commitment sets a positive precedent for rising quarterbacks like Love. Love, who has been the Packers’ starter for one season, is now in line for his own long-term contract.
Both Love and the Packers are aiming to reach an agreement before the start of training camp next month. Although Love is currently under his band-aid deal signed last year, negotiations for a more lucrative contract are underway. Analyst Adam Schefter has indicated that Love is unlikely to settle for a deal worth less than Lawrence’s.
Currently, six quarterbacks earn over $50MM annually on their contracts, with signs pointing to Love joining this group despite his limited experience and initial struggles in the 2023 season. Improvement in the later part of the season showcased Love’s potential, leading Green Bay to the playoffs and demonstrating success with the team’s young receiving core. A substantial contract could be on the horizon for him.
Lawrence’s extension with the Jags includes $200MM in total guarantees, with $142MM guaranteed at signing. This deal could set a standard for future contracts in the upcoming months. Although Green Bay has positioned Love as their next franchise quarterback, negotiations may be complicated if the Packers are unwilling to exceed the $55MM AAV benchmark.
Extensions for Prescott and Tagovailoa may provide clarity on the direction of the market. Love’s bargaining power has been bolstered by the Lawrence deal, and it will be interesting to see if he aims to secure a top quarterback contract as negotiations with the Packers progress.