Top 20 Highest Paid Quarterbacks In 2024

After signing 5 five-year contract extension deal with the Cincinnati Bengals amidst the 2023 season, Joe Burrow became the highest-paid quarterback in the NFL.

The total value of his extended contract is $275 million, which ranks at the top of the list, as does his $55 million average annual salary. The player is also among the highest-paid NFL players in the history.

The QB's agreement is inked to receive guaranteed money of $219.01 million, the second-highest after the Cleveland Browns quarterback Deshaun Watson.

The 26-year-old player is the Heisman Trophy winner who was picked by the Bengals in the 2020 NFL Draft. His association benefited the franchise immensely, as he has already taken the team to two AFC titles.

During the first four games of the 2023 season, the quarterback had to deal with a calf injury. He remains out for the entire 2023-24 season to put salt to the wound.

Still young, 2024-25 could be the year the Bengals messiah finally wins an MVP.

The Chiefs' star player and Super Bowl MVP, Patrick Mahomes, signed a restructured deal with the franchise for four years that would pay him a $52.6 million annual salary.

The average value of the contract is $210.6 million, and the terms of the agreement guarantee the total value mentioned in the contract. The franchise intends to revisit the deal following the end of the 2026 season.

$210.6 million on average is expected to elevate to $218.1 million by the end of restructured four-year deals. The two-time NFL Most Valuable Player signed the most lucrative contract in history in July 2020 for ten years, which would have paid the quarterback $450 million over 10 years.

The Super Bowl MVP was drafted in 2017 by the Chiefs as a backup to Alex Smith. Mahomes received the starting role in 2018 as the franchise decided to trade Smith. That season, he passed for more than 5000 yards.

The Chargers penned Herbert to a multi-year contract extension deal, making him the franchise quarterback through the 2029 season. The agreement will pay him $52.5 million annually.

The total money for the 5-year deal is $262.5 million, guaranteed $218.7 million.

The contract incorporates a no-trade clause and would pay him $133.7 million in full guarantee, including a signing bonus, 2023 salary, 2024 salary, 2024 option bonus, 2025 salary, and 2025 option bonus, and $193.7 million as injury guarantee.

The 25-year-old's option bonus for 2024 and 2025 is $50.6 million and $45 million respectively. Per the deal, the quarterback will receive a roster bonus of $5 million in 2028 and $10 million in 2029.

Besides, the agreement also incorporates an annual incentive of $1.25 million for the Conference Championship and the same amount for the Super Bowl win.

Jackson agreed upon a 5-year massive deal with a total money of $260 million. The player will receive $52 million as an average annual salary for the next five seasons.

The contract clauses agree to provide $185 million in guaranteed money, the fourth highest in the NFL after Watson, Burrow, and Herbert. It took 27 months for both parties to negotiate the terms and to reach an agreement.

Besides, the quarterback is to receive a guaranteed $17.5 million as a 2024 option bonus. He will also receive a 2024 90-man Roster Bonus of $750,000, a signing bonus.

The agreement features an entire no-trade clause and a tag clause after 2027. The deal will also look after injury guarantee throughout his active period.

Hurts inked on a massive $225 million 5-year contract extension with the Philadelphia Eagles before the season's commencement. The deal will pay him an average annual salary of $51 million.

He will reck in $179.3 million as guaranteed money, and his 2024 and 2025 bonuses amount to $38.875 million and $40.83 million, respectively. The agreement favors the player to take in option bonuses until 2028. The numbers are $49.785 million in 2026, $44.655 million in 2027, and $39.61 million at the end.

It is also the first contract in the Philadelphia Eagles' history with a no-trade clause. The incentive category will see a $15 million, while every NFL MVP and Super Bowl win will escalate Hurts salary by $500,000. One of the highest-paid NFL QBs also received a $110 million signing bonus.

This is also the first time the Eagles have agreed upon such a generous, flexible, and player-friendly contract over the years.

Wilson agreed to receive $245 million and a guaranteed $161.1 million in 2022. His average annual salary is $48.52 million.

The agreement paid him $50 million as a signing bonus, and his base salary for the 2023 season is $8 million. In 2024, the base value will rise to $17 million and $37,000,000 in 2025.

His guaranteed option bonus for 2023 amounts to $20 million, and 2024 is $22 million. The player already has a guaranteed amount of $39 million next season, and if he gets hurt and doesn't recover by March, the franchise will have to pay him $76 million.

After having an unfortunate season in the first year with the Broncos, the quarterback has found his old form under new head coach Sean Payton. The team's most win with Wilson, if not his appearance on the field, would be decided by what business decision the franchise will take.

Murray is under a $230.5 million five-year contract with the Arizona Cardinals to pay him an average annual salary of $46.1 million. He received a $29.04 million signing bonus when he inked the papers.

The QB's base salary for 2023 amounts to $2 million. The contract guaranteed to pay him $189.5 million of the total value. The agreement runs through 2028, and a $35.3 million fully guaranteed salary will be paid next season.

If the player makes it to the 17 March 2024 roster, he will receive $11.9 million in 2025. His 2023 guaranteed option bonus is $36 million. The deal also agrees to provide the quarterback the per-game active bonus of $50,000 from 2024 through 2028.

His five-year total incentive amounts to $7.5 million, i.e., $1.5 million annually. The contract also has training camp bonuses and workout bonuses for the player.

Browns decided to pay $230 million, a fully guaranteed total money, to Watson back in 2022. The player received a signing bonus of $44.96 million, while his average annual salary averages $46 million.

The quarterback's base salary for the 2023 season is $1.16 million, which will hover around $46 million in the upcoming season. The total five-year money is divided upon signing bonuses and salaries up to 2026.

A clause of the player's contract reads that it will not forfeit the signing bonus or void future guarantees upon the player's suspension. The agreement was the first fully guaranteed contract in NFL history.

Injuries have hindered Watson's performance, and he has barely played four games this season.

Allen broke a magnanimous 6-year deal with the Buffalo Bills, with a total value of $258.03 million and a $100 million guaranteed amount in 2021. He received a $16.5 million signing bonus, as agreed by both parties.

As per the agreement, his average annual salary amounts to $43 million, while his base salary for 2023 remains at $27.5 million. His option bonus for 2022 was $42.4 million, and the roster bonus for 2024 will be $6 million.

The player is to receive the roster bonus throughout the contract period marked by the 5th League Day of each upcoming season from now. From 2022 through 2025, the player will receive a workout bonus of $500,000 and $1 million from 2026 to 2028.

The massive extension of the QB's contract included $30 million in additional incentives. One of the best in business, he aspires to take hungry Bills to the Super Bowl.

Daniel Jones signed a four-year $160 million contract with the New York Giants ahead of this 2023 regular season. As agreed, the deal will pay him an average annual salary of $40 million.

The player received a signing bonus of $36 million, and his base salary for 2023 remains at $9.5 million. Among the $160 million total money, $80 million is guaranteed. In 2024, his base salary will increase to $35.5 million.

Per the agreement, $11 million of 2025 salary fully guarantees the 5th league day of 2025 and a $23 million injury guarantee at signing. If the player makes it to the roster for 2026, he is to receive a roster bonus of $500,000.

The deal also has clauses for the incentive of $35 million till the player's tenure.

The Rams signed Stafford for four years, providing him a total value of $160 million with a guaranteed $135 million amount. The contract also provided the player a signing bonus of $60 million.

The average annual salary of the quarterback is $40 million, and his base salary for the 2023 season is $1.5 million. The agreement will also provide the player with a roster bonus of $5 million in both 2025 and 2026.

His base salary for 2024 is $31,000,000. The player agreed upon the deal months after leading the Los Angeles Rams to contest for the Super Bowl title during his debut season with the team.

Prescott had agreed to a $160 million 4-year deal with the Dallas Cowboys in 2021 that will pay him $126 million in guaranteed money. He received a signing bonus of $66 million as per the contract.

The player's base salary for this 2023 season is $1.7 million, which will reach $29 million in 2024. The agreement pays him, and he will face an annual $500,000 de-escalation for missing workouts.

While the potential out of the player is estimated for 2024, Jerry Jones, the owner of the Cowboys, still seems to have believed in Prescott that he could lead the team to the Super Bowl championship. Don't fool yourself with inconsistencies; he is still one of the best when he finds his rhythm.

Saints penned Carr to a four-year $150 million deal, which will pay the player an annual average salary of $37.5 million and a $28.5 million signing bonus. His base salary at the current season is $1.5 million.

For the 2024 season, his base salary accelerates to $30 million. Per the contract, the quarterback will receive $100 million as guaranteed money. The clauses in the agreement are set to provide the player with a $10 million roster bonus in 2025 and a $30 million fully guaranteed salary in 2025.

The deal consists of an entire no-trade clause and has the 2027 season as a void year with a $5.7 million dead cap. Carr came to join the New Orleans Saints after spending 9 roller-coaster seasons with the Raiders and is still struggling to find his foot on the turf.

Rodgers signed a three-year $112.5 million total money deal with the New York Jets and will receive $75 million guaranteed money. His average annual salary is $37.5 million.

The QB's base salary for 2023 is $1.84 million, which will rise and reach $3,161,112 in the 2024 season. His contract did not pay him a signing bonus separately, but he will receive a 2023-2024 roster bonus, which will be treated as a signing bonus.

The agreement features No Tag Provision and a Full No Trade Clause. The player suffered a season-ending Achilles tear at the beginning of the 2023 season, which shattered the Jets fans to a greater extent.

But some hopes persist, considering he is set to return in late December to push for the possible wildcard spot.

Cousins agreed upon a one-year $35 million fully guaranteed contract by the Minnesota Vikings. The player received a signing bonus of $25 million, and the average annual salary is $35 million.

The team had initially signed the quarterback for the 2022 season and decided to go with him again in the 2023 season. The veteran will be on free agency by March of 2024. As per the deal, the players are to be paid a roster bonus of $20 million for the 2023 season.

However, the player has been sidelined due to an injury, but he passed for 2,331 yards, 18 touchdowns, and had 5 interceptions before going down on the field.

The Lions signed Goff to a four-year contract in 2021, which will pay the quarterback a total value of $134 million with $110 million guaranteed money alongside a $25 million signing bonus.

His average annual salary reads $33.5 million, while his base salary for 2023 remains at $20.98 million, and for 2024, it is expected to reach $21,650,064. The quarterback will be paid $5 million as a 2023 roster bonus and another $5 million as a 2024 roster bonus.

One of the clauses of the agreement reads Salary Guarantees contain no offsets. The 29-year-old player has already had 20 touchdowns and eight interceptions this season, passing for 3288 yards so far. What a turnaround for once a Rams outcast!!

Tannehill agreed to sign a $118 million total value contract to pay him an average annual salary of $29.5 million for four years. The agreement signing bonus for the player is $20 million, and he will receive a guaranteed $91 million.

His base salary for this season is $27 million. This is the last year of his four year deal with the Titans, which came in 2020. The player is all set to hit free agency next March and is currently benched to let Rookie player Will Levis start. This season, he scored two touchdowns and six interceptions.

Smith is under a 3-year $75 million deal with the Seattle Seahawks, and the contract will give him $40 million guaranteed money. $27.3 million is guaranteed at signing, the sum of the 2023 salary and signing bonus.

The quarterback will receive a fully guaranteed $12.7 million salary in the 2024 season, while his average annual salary count is $25 million. His base salary for 2023 is $1.2 million. The player's roster bonus for 2024 is $9.6 million, while it is $10 million for the 2025 season.

The contract also defines that the QB will receive $2 million annually based upon the escalation on exceeding 2022 stats, which covers Passing Yards (4,282), Passing Touchdowns (30), Completion % (69.8), Passer Rating (100.9).

Jimmy Garoppolo inked a $72.75 million three-year deal with the Las Vegas Raiders, with a guaranteed amount of $45 million. The agreement will pay him $24.25 million as an average annual salary.

The player received $33.75M guaranteed at signing, and his roster bonus for 2024 reads $11.25 million. Although the Raiders grabbed the QB to answer their quest for a quarterback, he has not met the franchise's expectations.

After Antonio Pierce became the interim head coach after Josh McDaniels's firing, he benched Garoppolo and gave a chance to rookie Aidan O’Connell. The veteran has passed for 7 touchdowns and 9 interceptions this season, a poor showing for once Kyle Shanahan's winning chess piece.

Jordan Love is under a $13.5 million single-year contract with the Green Bay Packers that will give the player $13 million as guaranteed money. He received a signing bonus of $9.8 million.

The team will pay him a $13.5 million average annual salary while his base salary for the season is at $1.01 million. If both parties agree to keep Love for 2024, his base salary will be $9 million.