Justin Herbert Contract: Salary, Cap Hit, Potential Extension

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Los Angeles Chargers quarterback Justin Herbert (10) warms up near the sideline during an NFL wild-card football game against the Jacksonville Jaguars, Saturday, Jan. 14, 2023, in Jacksonville, Fla. The Jaguars defeated the Chargers 31-30.
(AP Photo/Gary McCullough)
BetMGM Staff @BETMGM Feb 05, 2023, 7:29 PM

Justin Herbert will have a base salary of $4,234,376 in 2023, the final year of his rookie contract.

Justin Herbert Contract

The Los Angeles Chargers quarterback is still on his rookie deal after being drafted sixth overall in 2020. He signed a four-year deal worth a guaranteed $26, 578,755.

Justin Herbert Cap Hit

The 24-year-old will carry a cap hit of $8,456,877 in 2023.

Justin Herbert Potential Extension

Despite his under-.500 record as a starter, Herbert has established himself as one of the league’s top young quarterbacks. He’s racked up the most completions and the most games with 300-plus passing yards by any player at this stage in their career. This past season, he joined Hall of Famer Dan Marino as one of just two players in history to reach over 91 touchdowns in their first three seasons. On top of all the milestones, he also led the Chargers to their first playoff appearance since 2018.

The Oregon alum is eligible for a contract extension after the upcoming season. Chargers GM Tom Telesco has expressed interest in keeping Herbert around for a “long time.” He sees him as a franchise quarterback, so there’s no question that the extension is on the table.

His fifth-year option number would likely come in somewhere around $28,000,000. The higher price tag would come with a post-extension long-term deal. Based on other QBs of his caliber, it’s likely that this number would cash in around $40,000,000 to $50,000,000 per year over four to six years.

RELATED: Top 10 Highest-Paid NFL Quarterbacks: Salary Rankings

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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.

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.