Cincinnati Bengals quarterback Joe Burrow is a superstar who has solidified himself as a household name. He led the Bengals to Super Bowl LVI and is the face of the franchise.
While he’s widely regarded as one of the best quarterbacks in the league, is he also paid like a top signal-caller? Let’s break down Burrow’s contract, 2024 salary, net worth, career earnings, and more.
Joe Burrow’s Contract and 2024 Salary
For nearly a year, Burrow was the NFL’s highest-paid quarterback.
In Sept. 2023, Burrow and the Bengals agreed to a record-setting five-year, $275 million deal that included $219.01 million guaranteed. Last offseason, Green Bay Packers quarterback Jordan Love and Jacksonville Jaguars quarterback Trevor Lawrence inked similar deals, tying Burrow in terms of average annual value ($55 million).
A record deal: Joe Burrow has reached agreement with the Bengals on an 5-year, $275 million extension that includes $219.01 million guaranteed and makes him the highest-paid player in NFL history, sources tell ESPN. pic.twitter.com/6GttDs7zk6
— Adam Schefter (@AdamSchefter) September 8, 2023
Then, Dallas Cowboys quarterback Dak Prescott topped Burrow’s deal just before the start of the 2024 season, becoming the highest-paid player in NFL history. Prescott’s contract pays him $60 million annually, which is $5 million more than Burrow, and his deal features $231 million in guaranteed money.
The quarterback market continues to surge, and San Francisco 49ers quarterback Brock Purdy is next in line for a new deal. It will be interesting to see if the former Mr. Irrelevant signs a larger deal than Prescott or Burrow.
In 2024, Burrow’s base salary is $10.7 million, with an $8 million signing bonus and a cap hit of $29.7 million. In 2025, Burrow’s salary increases significantly, as his base salary is $25.2 million with an $8 million signing bonus a cap hit of $46.2 million.
Here is what Burrow’s base salary will be over the next six years, with his cap hit in parenthesis:
- 2024: $10,714,982 ($29,714,000)
- 2025: $25,250,000 ($46,250,000)
- 2026: $25,250,000 ($48,250,000)
- 2027: $27,250,000 ($52,250,000)
- 2028: $35,500,000 ($53,500,000)
- 2029: $48,039,018 ($68,539,000)
Burrow’s $219.01 million in total guarantees is the third-most in NFL history behind only Prescott ($231 million) and Cleveland Browns QB Deshaun Watson ($230 million).
What Is Burrow’s Net Worth?
There are wide-ranging estimates of Burrow’s net worth, but most outlets believe it’s somewhere between $50 million and $100 million.
Burrow has earned $141,886,403 from his NFL contracts alone, and he has been smart with his money over the years. When he signed his rookie deal, the Bengals quarterback explained that he planned to save his NFL paychecks and live off his endorsement deals — something that NBA superstar Shaquille O’Neal also did.
Burrow reportedly earns approximately $4 million each year from his various endorsements, including partnerships with Nike, Nerf, Guinness, Cash App, BodyArmor Sports Drink, Bose, Kroger Health, and Buffalo Wild Wings among others.
Burrow has also made some investments, including a 104-acre farm in northern Iowa. He is part of an investment group called Patricof Co, which also features NBA stars Blake Griffin and Khris Middleton. The group contributed roughly $5 million toward various agriculture investments, including purchasing the farm (which specializes in corn and soy production).
“Try to diversify that portfolio, you know?” Burrow said before training camp. “You see guys like LeBron [James] doing a lot of off-the-field stuff. I wouldn’t say I’m at that point in my career yet. I would say that’s probably another five years down the road, starting businesses and all that. I’m focused on ball right now for the most part.”
Other investments include the food brand Kodiak and an ownership stake in the Columbus Fury of the Pro Volleyball Federation. His parents, Jimmy and Robin, are also blue-chip investors in the league.
Needless to say, Burrow is set for life financially, and he has done a great job at diversifying his portfolio so that his money makes money.