Jerry Jeudy Contract: Salary, Cap Hit, Potential Extension

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Denver Broncos wide receiver Jerry Jeudy (10) runs against the Los Angeles Chargers during an NFL football game, Sunday, Jan. 8, 2023, in Denver. (AP Photo/Jack Dempsey)
(AP Photo/Jack Dempsey)
BetMGM Staff @BETMGM Feb 05, 2023, 5:33 PM

Jerry Jeudy’s Contract

Selected 15th overall by the Denver Broncos in the 2020 NFL Draft, Jeudy is entering the final year of a four-year, $15,192,974 rookie contract.

The deal is fully guaranteed and includes an average annual salary of $3,798,244, an $8,609,436 signing bonus, and a fifth-year option.

Jerry Jeudy’s Cap Hit

Jeudy will carry a cap hit of $4,834,128 in 2023.

Jerry Jeudy’s Potential Extension

Having completed his third NFL season, Jeudy is eligible for a contract extension.

Despite Denver’s league-worst offense, the 23-year-old set career highs across the board this past season, tallying 67 catches for 972 yards and six touchdowns. While Jeudy hasn’t performed like a true No. 1, it would be surprising if the Broncos don’t pick up his fifth-year option, which is expected to be around $12 million.

With Sean Payton now in town, Jeudy’s arrow is pointing up. How the former Alabama standout performs in 2023 will thus go a long way toward determining his long-term future in Denver.

Other notable players from the 2020 draft class awaiting a potential extension include Joe Burrow, Chase Young, and Justin Herbert.

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Our BetMGM authors are sports experts, with a wealth of knowledge of the sports betting industry at all levels. Their coverage includes sports news across players, teams and coaches, providing betting previews and predictions, fun facts and more.