Joe Burrow Contract: Salary, Extension, Guaranteed Money

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Cincinnati Bengals quarterback Joe Burrow (9) walks off the field after the Bengals beat the Buffalo Bills 27-10 in an NFL division round football game, Sunday, Jan. 22, 2023, in Orchard Park, N.Y.
(AP Photo/Adrian Kraus)
Chase Kiddy @chaseakiddy Sep 22, 2024, 6:36 PM

Joe Burrow led the Bengals to back-to-back AFC championship games in 2021 and 2022. He also generated Cincinnatiโ€™s first Super Bowl appearance in more than 30 years โ€“ a happy site for many NFL futures bettors.ย 

Exactly zero football fans were surprised when the Bengals gave Burrow a mega-extension on the eve of the 2023 NFL season.ย ย 

Joe Burrow Contract

Joe Burrow is technically still playing on his rookie contract. After Cincinnati drafted him with the No. 1 overall pick in 2020, Burrow signed a four-year rookie deal worth $36.1 million.ย 

As a first-round pick, Burrowโ€™s contract came with a fifth-year team option at $29.5 million.ย That fifth-year option governs the current 2024 season.ย 

Burrowโ€™s massive extension, which he signed on Sept. 7, 2023, will take effect next year.

Joe Burrow Contract Extensionย 

Burrow signed a five-year, $275 million contract extension in 2023 that currently runs through the 2029 season. In the final year of the deal, Burrow is scheduled to make $48 million in base salary.ย 

Joe Burrow Salary

Joe Burrow will draw $10.7 million in base salary in 2024. His total cash for the year โ€“ not including the signing bonus from the contract extension โ€“ is in excess of $29 million.

Joe Burrow Guaranteed Money

Joe Burrow was afforded $146.5 million in guaranteed money at the time he signed his 2023 extension.ย 

Joe Burrow Signing Bonus

Joe Burrow received a 2023 signing bonus of $40 million.

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About the Author

Chase Kiddy

Read More @chaseakiddy

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.