The Chargers and quarterback Justin Herbert have agreed to a five-year, $262.5 million extension through the 2029 season, ESPN’s Adam Schefter reports. In the deal, Herbert could get $218.7 million guaranteed and $133.7 million fully guaranteed.
The deal makes Herbert the highest-paid quarterback by average annual value and second-highest by total value, trailing only Chiefs quarterback Patrick Mahomes.
Herbert’s contract is worth just $2.5 million more in total than the deal Lamar Jackson signed with the Ravens earlier in the offseason and is the third contract to break the AAV record this year, joining Jackson’s and Jalen Hurts’s deals.
