According to various reports, Justin Herbert has agreed to a five-year, $262.5 million extension with the Los Angeles Chargers. Herbert becomes the third star quarterback this offseason to ink a seismic new deal, joining Jalen Hurts (five years, $255 million) and Lamar Jackson (five years, $260 million).
The next QB domino falls: Chargers and Justin Herbert reached agreement today on a landmark five-year, $262.5 million extension that ties him to the franchise through the 2029 season, sources tell me and @Lindseythiry. Deal gets done before Chargers’ first training-camp practice… pic.twitter.com/m8cYcqANtX
— Adam Schefter (@AdamSchefter) July 25, 2023
At a minimum, $133.7 million of the deal is fully guaranteed, with two more potential guarantees that could bring the amount to $193.7 million or $218.7 million. As an aside, I’ll never understand how these exuberant NFL deals often feature multiple guaranteed amounts, but whatever. To each their own.
Through his first three years, Herbert has won Rookie of the Year (2020), earned a Pro Bowl berth (2021) and finished ninth in MVP voting (2022). Last season, he helped lead the Chargers back to the playoffs with a 10-7 record after a three-year drought, where they fell to the Jacksonville Jaguars, 31-30, in dramatic fashion in the AFC Wild Card Round. He’s been quite prolific racking up the numbers, which include 5,316 total yards and 38 touchdowns as a sophomore.
Through three seasons, Justin Herbert has:⁰
14,089 passing yards, most through player’s first three seasons in NFL history.⁰
— Adam Schefter (@AdamSchefter) July 25, 2023
Herbert becomes the fifth member of a 2020 Draft class to earn a five-year extension worth approximately $260 million this month. On the NBA side of things, rising stars Anthony Edwards, Tyrese Haliburton, Desmond Bane and LaMelo Ball all signed five-year deals keeping them with their current teams that could be worth as much as $260 million if incentives are reached.
Now equipped with a shiny, well-deserved extension, Herbert will look to stay fully healthy this season after an injury plagued third year and build upon the success he and Los Angeles established in 2022.