On Friday, Pro Football Talk and Over the Cap each reported breakdowns of the five-year, $275 million contract extension quarterback Trevor Lawrence and the Jaguars agreed to on Thursday.
The contract is backloaded by large base salaries, paired with significant option and bonus money at the front of the deal.
Lawrence will receive a $37.5 million signing bonus and a combined $70 million in fully guaranteed option bonuses between the 2025-26 seasons, as well as another $35 million option bonus in 2027 that is mostly and can become fully guaranteed. His base salary won’t reach double-digit million-dollar figures until the 2028 campaign.
The deal included a no-trade clause that would void if Lawrence held out from team activities, was suspended by the Jaguars or committed a forfeitable breach of the contract.
PFT shared the following year-by-year structure of the contract:
1. Signing bonus: $37.5 million.
2. 2024 base salary: $1.5 million, fully guaranteed.
3. 2025 option bonus: $35 million, fully guaranteed.
4. 2025 base salary: $2 million, fully guaranteed.
5. 2025 workout bonus: $500,000.
6. 2026 option bonus: $35 million, fully guaranteed.
7. 2026 base salary: $2 million, fully guaranteed.
8. 2026 workout bonus: $500,000.
9. 2027 option bonus: $35 million (see No. 10 below).
10. 2027 base salary: $6 million. Of the $41 million 2027 compensation package, $29 million is guaranteed at signing. Another $12 million is guaranteed for injury at signing. It becomes fully guaranteed in early 2026.
11. 2027 workout bonus: $500,000.
12. 2028 option bonus: $35 million, guaranteed for injury at signing; fully guaranteed in early 2027.
13. 2028 base salary: $11 million, guaranteed for injury at signing; fully guaranteed in early 2027.
14. 2028 workout bonus: $500,000.
15. 2029 base salary: $50 million.
16. 2029 workout bonus: $500,000.
17. 2030 base salary: $53.341 million.
18. 2030 workout bonus: $500,000.
The deal includes $1.5 million in incentives from 2026 through 2030. Lawrence gets $500,000 if he takes at least 60 percent of the snaps and if the Jaguars win the AFC Championship. He gets $1 million if he takes at least 60 percent of the snaps and the Jaguars win the Super Bowl. It’s a total of $6 million; to get there, the Jaguars would have to win four straight Super Bowls.
Additionally, OTC offered the following layout of Lawrence’s salary cap hits by year:
2024: $15,029,725
2025: $17,000,000
2026: $24,000,000
2027: $35,000,000
2028: $47,000,000
2029: $78,500,000
2030: $74,841,293
2031: $21,000,000 (void year)
2032: $0 (void year)
Lawrence’s contract is projected to account for 5.6% of Jacksonville’s salary cap space in 2024, 6.5% in 2025, 8.5% in 2026 and 11.1% in 2027, per OTC. Percentage projections aren’t yet available for the 2028 season and beyond.
Lawrence’s nine-year contract (including the two void years) with Jacksonville carries a $312,371,018 cap number in total.
