Philadelphia Eagles quarterback Jalen Hurts signed a five-year contract extension that, along with contract incentives, is worth $255 million.
The contract includes just over $110 million in fully guaranteed money at the point of signing, and $179 million is guaranteed in the event of injury.
The deal includes an average annual salary of $51,000,000.
💰Jalen Hurts' 5-yr, $255M extension💰
• $110M fully guaranteed.
• $23.294M to sign.
• 2023: $1.01M base.
• 2024: $1.125M base, $38.875M option.
• 2025: $1.175M base, $40.83M option.
• 2026: $1.215M base, $49.875M option.
• 2027: $51M*.
• 2028: $51M*.*Keep reading 🧵
— Albert Breer (@AlbertBreer) April 25, 2023
Hurts talked about why he took a team-friendly deal, and the numbers suggest that the All-Pro quarterback is all-in on wins over guarantees.
In 2023, Hurts will earn a base salary of $1,010,000 and a signing bonus of $23,294,000 while carrying a cap hit of $6,154,286 and a dead cap value of $110,485,486.
Hurts has three years of options and roster bonus money, and you’ll find that most of this contract can become fully guaranteed based on his roster status.
In order to pull off those cap numbers, the structure of the contract could be something wacky like this: https://t.co/rjr8PQ6glq pic.twitter.com/GnuFu32FIn
— Nick Korte (@nickkorte) April 17, 2023
Here’s a look at the full breakdown courtesy of Over The Cap, Spotrac, and Albert Breer.
Total value
The $255 million falls behind Patrick Mahomes and Josh Allen in total value.
Avg./Year
The $51 million per season puts Hurts at No. 1 on the list ahead of every player in NFL history.
Total Guaranteed
The $179 million in total guarantees trail only Browns quarterback Deshaun Watson.
$110M guaranteed at signing (signing bonus + 2023 salary + 2024 salary + 2024 option bonus + 2025 salary + 2025 option bonus + $3.696M of 2026 salary)
2023--$1.01M base
Cap hit: $6.15 million.
The final year of Hurts’ rookie deal keeps Philadelphia among the most cap-friendly at the quarterback position.
Hurts will have a base salary of $4,204,000 and bonus money that brings the cap hit to over $6 million.
2024: $1.125M base
Cap hit: $13.56 million.
$38.875M option
According to NFL Network, Hurts is due $64 million through the first new year of his deal in 2024.
Even with the massive jump in money, his cap hit will only be $13.56 million in 2024, thanks to an almost $24 million signing bonus.
2025: $1.175M base
Cap hit: $21.77 million
$40.83M option.
In the second year of the five-year deal, Hurts will only count for $21 million, a steal in terms of salary cap relief.
2026: $1.215M base
Cap hit: $31.77 million.
$49.875M option
The third year of the contract extension again offers value and salary cap relief, with Hurts only the books for $31 million, despite earning $51 million a season.
2027: $51M* base salary
Per Albert Breer: In 2027, the Eagles can either pay $5M in an option bonus with a $46M base OR $49.655M in an option bonus with a $1.345M base.
2028: $51M*.Base Salary
Per Albert Breer: In 2028, it’s either a $10M option bonus with a $41M base or $49.6M option bonus with a $1.4M base.
