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The Chargers later confirmed a multi-year
extension with Herbert without confirming financial terms.
The $52.5 million average annual value surpasses the previous
record set by Lamar Jackson, who signed a five-year, $260
million extension with the Baltimore Ravens this offseason --
shortly after Jalen Hurts and the Philadelphia Eagles agreed to
a five-year, $255 million deal.
Cincinnati Bengals quarterback Joe Burrow is also due for an
extension that could top Herbert's figure.
Herbert's deal includes nearly $219 million in guaranteed money,
along with incentives that could take the final figure to $265
million, NFL Network and CBS Sports reported.
Herbert won Offensive Rookie of the Year honors in 2020 after
the Chargers selected him sixth overall out of Oregon in the
2020 NFL Draft, the third quarterback off the board behind
Burrow (No. 1) and Tua Tagovailoa of the Miami Dolphins (No. 5).
Herbert was a Pro Bowl selection in 2021 and earned MVP votes
for the first time last year, when he threw for 4,739 yards, 25
touchdowns and 10 interceptions while guiding the Chargers to
the playoffs.
In 49 career games (all starts), Herbert has completed 1,316
passes for 14,089 yards -- in both cases, the most through a
player's first three seasons in NFL history. He's amassed 94
touchdowns and 35 interceptions while completing 66.9 percent of
his passes.
--Field Level Media
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