Trevor Lawrence Contract: Salary, Fifth-Year Option, Extension

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As long as Trevor Lawrence remains on his rookie contract, the Jaguars have a real window to win in the AFC.
(AP Photo/Phelan M. Ebenhack)
BetMGM @BETMGM Feb 24, 2023, 11:08 AM
  • Trevor Lawrence was drafted No. 1 overall in the 2021 NFL Draft by the Jaguars.
  • Trevor Lawrence signed a four-year contract worth almost $37 million.
  • Trevor Lawrence is eligible for a contract extension following the 2023 season.

Patrick Mahomes. Josh Allen. Joe Burrow. 

Everybody knows that the AFC is crowded with top-end contenders and quarterbacks. But Trevor Lawrence and the Jaguars may have put the online sports betting world on notice at the end of the 2022 season.

Jacksonville may be the next great AFC power on the rise. That means Lawrence’s contract is of critical importance going forward.

Trevor Lawrence Contract

Trevor Lawrence is in his third season of a four-year contract with the Jaguars. The four-year deal is worth a total of $36,793,488. He has the 13th most expensive contract among quarterbacks (total value).

For the 2023 season, his base salary is $940,000. He has a total cap hit of $10,034,588.

Trevor Lawrence 5th-Year Option

Trevor Lawrence (and the rest of the 2021 first-round picks) can have their fifth-year options picked up until May 1, 2024.

All drafted rookies are given four-year contracts, and teams can extend that contract to a fifth year with players selected in the first round.

RELATED: Joe Burrow’s Contract in a Crowded AFC

Trevor Lawrence Extension

Trevor Lawrence is eligible for an extension after the third year of his rookie contract after the upcoming 2023 NFL season. 

Unless Lawrence’s play falls off a cliff in 2023, his representatives will likely start contract negotiations with the Jaguars as soon as possible. 

Jacksonville plays in arguably the weakest division in football, and none of the other teams have any kind of long-term solution at quarterback. On that alone, Lawrence could be a playoff fixture for years to come.

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