The newest quarterback-contract domino has fallen.
In keeping with Adam Schefter of ESPN, the Los Angeles Chargers and quarterback Justin Herbert have come to phrases on a “landmark” contract extension. As reported by Schefter, the events have agreed on a five-year, $262.5 million extension that retains him in Los Angeles via the 2029 season.
Herbert is the newest younger quarterback to succeed in settlement on a long-term extension this offseason. Lamar Jackson ended a protracted negotiation course of with the Baltimore Ravens — after the workforce let him take a look at the free company waters — by coming to phrases on a 5 yr, $260 million contract. Beneath the phrases of Jackson’s deal, $185 million of the contract is assured, with $135 million totally assured at signing.
Additionally this offseason, Jalen Hurts parlayed his MVP-level season, and Tremendous Bowl look, into briefly turning into the highest-paid participant in NFL historical past. Beneath the phrases of his new contract with the Philadelphia Eagles, Hurts acquired a brand new five-year deal value $255 million and probably as much as nearly $275 million. The contract contains $179.304 million in assured cash, and a no-trade clause.
That’s the first time in franchise historical past that Philadelphia has signed a participant to a cope with a no-trade clause.
Beneath Herbert’s new deal, $133.7 million is totally assured, and there’s potential for $218.7 million to grow to be totally assured:
Sources: Justin Herbert’s five-year extension contains $133.7 million totally assured, $193.7 million with the harm assure and springing probably to $218.7 million assured.
— Adam Schefter (@AdamSchefter) July 25, 2023
Herbert joins Hurts, Jackson, and Aaron Rodgers in an elite group.
The $50 million membership:
Together with his 5-year, $262.5 million extension, #Chargers star Justin Herbert turns into the newest QB to affix the $50M per yr membership, together with Aaron Rodgers, Lamar Jackson and Jalen Hurts.
All eyes now on the #Bengals and Joe Burrow.
— Tom Pelissero (@TomPelissero) July 25, 2023
Herbert led the Chargers to the playoffs final season, as Los Angeles completed with a 10-7 file. They raced out to a 27-point lead over the Jacksonville Jaguars late within the first half, however in the end misplaced 31-30.
My expensive good friend J.P. Acosta had some issues to say about that sport.
Herbert completed the season having accomplished 66.6% of his passes for 4,336 yards and 31 touchdowns, in opposition to 10 interceptions. He put up these numbers while dealing with a rib cartilage fracture he suffered early within the season, together with a labrum harm in his non-throwing shoulder which required surgical procedure within the offseason.
Expectations are excessive in Los Angeles that the Chargers could make one other playoff run, and Herbert is an enormous motive why. One more reason? Incoming offensive coordinator Kellen Moore. Herbert’s arm expertise is an enormous motive for his success to date within the NFL, as is his means to push the ball downfield. Within the 2021 season, for instance, Herbert ranked third among qualified passers with an Adjusted Completion Proportion (ACP) of 51.6% on throws 20 yards or extra downfield, in response to Professional Soccer Focus charting knowledge.
Final yr whereas coping with his bevy of accidents, Herbert nonetheless posted an ACP of 37.0 on these throws, good for fifteenth within the NFL.
Nonetheless, these throws comprised simply 9.8% of his throws final yr, and 9.5% of his throws the yr prior. Beneath former offensive coordinator Joe Lombardi, Herbert was working a extra horizontal-based assault.
Beneath Moore, it’s anticipated that Herbert will probably be attacking downfield extra, and with good motive.
With Herbert’s deal carried out, all eyes now shift to Cincinnati, the place Joe Burrow is the subsequent quarterback going through a brand new deal.
And more likely to be part of Herbert and firm within the $50 million membership.