Since being selected as the No. 6 overall pick in the 2020 NFL Draft and winning Offensive Rookie of the Year honors, Justin Herbert has solidified his place as a top-tier talent.
In 2023, he secured a substantial contract extension with the Los Angeles Chargers, making him one of the highest-paid players in the league. Let’s take a look into the specifics of Herbert’s contract, his salary, his career earnings, and his net worth.
Justin Herbert’s Contract and Salary
Herbert is the No 14-ranked quarterback in the NFL this season, according to PFN’s QB+ metric, with a 78.9 (C+) grade. While he has performed like a top-15 quarterback, is Herbert paid like one?
In 2023, Herbert signed a monumental five-year, $262.5 million extension with the Chargers.
Herbert’s new contract contains $133.7 million fully guaranteed and an injury guarantee of $193.7 million. His guarantees include his base salaries from 2023-25 and option bonuses in 2024 and 2025. Herbert has option bonuses in each season of his deal until its conclusion in 2029. His cap charge is below $20 million this season before ballooning to $37 million and counting in 2025.
Herbert is the seventh-highest-paid quarterback in the NFL, as his contract has an average annual value of $52.5 million. The only QBs with a higher salary than Herbert are Detroit Lions QB Jared Goff ($53 million), Miami Dolphins QB Tua Tagovailoa ($53.1 million), Jacksonville Jaguars QB Trevor Lawrence ($55 million), Green Bay Packers QB Jordan Love ($55 million), Cincinnati Bengals QB Joe Burrow ($55 million), and Dallas Cowboys QB Dak Prescott ($60 million).
Herbert was the NFL’s highest-paid quarterback for roughly six weeks before Burrow usurped him, followed by the others listed above.
The Chargers included performance-based bonuses in his contract. Specifically, Herbert stands to earn an additional $1.25 million if he can lead Los Angeles to an AFC Conference Championship or a Super Bowl victory.
Herbert’s Net Worth and Career Earnings
Herbert has a net worth of approximately $40 million.
This estimate might be a bit low though, as he has already earned $96,199,753 from his NFL contracts alone.
His career earnings doesn’t include his numerous endorsements with companies such as Callaway Golf, Dr. Squatch, Fanatics, Nike, Panini, SoFi, TCL, and Verizon Communications among others.
Forbes estimates that Herbert’s endorsement deals contribute approximately $11 million to his annual income. This impressive array of partnerships highlights his marketability and appeal beyond the football field.
It’s safe to say that Herbert is thriving — on and off the field.