Jaguars’ Trevor Lawrence Extension Talks Progressing

2024 marks the first year in which Trevor Lawrence is eligible for an extension. Franchise quarterbacks often ink new deals after their first three years in the league, which puts the 2021 first overall pick on track to secure a monster second contract relatively soon.

Talks on a new deal have been taking place since at least April, and with the Josh Allen extension on the books the Lawrence situation represents Jacksonville’s top remaining financial priority. When he last spoke about the latter, general manager Trent Baalke preached patience based on the size and complexity of modern QB pacts. Things appear to be moving in a positive direction at this point, though.

During a recent SportsCenter appearance, ESPN’s Jeremy Fowler reported negotiations between the Jaguars and Lawrence’s camp are “progressing fairly nicely” (h/t Tyler Conway of Bleacher Report). Plenty of time remains for a deal to be worked out, with the team having made the obvious decision to pick up Lawrence’s 2025 fifth-year option.

That has the 24-year-old in line to earn $22.66MM next season, although a multi-year pact will check in at a much higher rate. Fowler’s report notes a Lawrence extension will likely be valued at or above the $50MM-per-year mark. That comes as little surprise, considering the top of the QB market.

Four ascending passers (Joe Burrow, Justin Herbert, Lamar Jackson and Jalen Hurts) each spent time at the top of the pecking order last offseason. Their respective extensions range between $51MM and $55MM per season. Last week, Jared Goff joined that group by inking a Lions deal worth $53MM per season. Especially given the latter’s age (29), Lawrence should be set up to become the next passer clearing the $50MM AAV mark.

His rookie season did not go according to plan under Urban Meyer, but the hiring of Doug Pederson brought about a rebound the following season. The Jaguars went to the divisional round of the postseason in 2022, with Lawrence earning a Pro Bowl nod. Dealing with a number of injuries (and being forced to miss a game for the first time in his career) last season, however, things took a turn for the worse in the Clemson product’s case. He and the team struggled on offense, and a 9-8 finish was insufficient to qualify for the postseason.

With 39 interceptions and 21 lost fumbles in his career, turnovers are a reasonable concern the team will take into consideration regarding a long-term investment in Lawrence. Still, he has surpassed 4,000 passing yards in each of the past two campaigns while throwing 46 touchdown passes in that span. Jacksonville lost Calvin Ridley in free agency, but the team added Gabe Davis before selecting Brian Thomas Jr. in the first round of the draft. Lawrence will likely be counted on to guide the Jags’ new-look offense not only in 2024 and ’25, but for several years beyond that.

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