After an incredible college career at Clemson, Trevor Lawrence became the No. 1 overall pick in the 2021 NFL Draft. This past offseason, he inked a lucrative extension with the Jaguars that made him one of the highest-paid players in NFL history. After signing that deal, what is Lawrence’s net worth, salary, and career earnings?
What Is Trevor Lawrence’s Salary?
After becoming eligible for an extension following the 2023 season, the Jaguars and Lawrence immediately began negotiations.
Jacksonville ultimately signed their franchise quarterback to a five-year, $275 million deal, which will pay him an average annual value of $55 million. Lawrence’s deal included a $37.5 million signing bonus and $200 million in total guarantees.
"I want to bring a championship to Jacksonville. That's my goal."@Trevorlawrencee | #DUUUVAL pic.twitter.com/PzwSPOiNXW
— Jacksonville Jaguars (@Jaguars) June 20, 2024
“The direction that we’re heading on the football side, that makes it obviously a no-brainer for us,” Lawrence said on staying in Jacksonville. “I really know that we can accomplish that. I’m excited for that and, you know, it just pairs with we love living here too.”
For a while, Lawrence shared the title of highest-paid quarterback in the NFL with Cincinnati Bengals QB Joe Burrow and Green Bay Packers QB Jordan Love, who also have contracts that will pay them $55 million annually.
However, that title now belongs to Dallas Cowboys QB Dak Prescott, who signed a record four-year, $240 million deal right before the start of the 2024 season. Prescott’s average annual value is a whopping $60 million, which is $5 million more than the next-closest player. The deal features $231 million in guaranteed money.
Still, Lawrence is making more than quarterbacks such as Detroit Lions QB Jared Goff ($53 million), Los Angeles Chargers QB Justin Herbert ($52.5 million), Baltimore Ravens QB Lamar Jackson ($52 million), and Philadelphia Eagles QB Jalen Hurts ($51 million). He’s even making more than Kansas City Chiefs QB Patrick Mahomes ($45 million) and Buffalo Bills QB Josh Allen ($43 million).
MORE: Who Are The Highest-Paid Quarterbacks In The NFL?
This new extension means Lawrence will be under contract with the Jaguars through the 2030 season. He will make a base salary of $1.5 million in 2024, but when you factor in his signing bonus and guarantees, he’ll actually take home approximately $37 million this season.
While the deal is massive, his cap hits are very backloaded. He will hold a cap hit of $17 million, $24 million, and $35 million in 2025, 2026, and 2027, respectively. However, he will hold cap hits of $47 million, $78.5 million, and $74.8 million in 2028, 2029, and 2030, respectively. However, the Jaguars will likely restructure Lawrence’s contract by then.
What Is Lawrence’s Net Worth and Career Earnings?
As of 2024, Lawrence’s net worth is around $7 million. However, this is expected to soar once he starts cashing his paychecks from his new contract. In terms of career earnings, Lawrence has made $70,116,194 from his NFL contracts alone.
In addition to his NFL paychecks, Lawrence has a number of endorsement deals with companies such as adidas, Gatorade, Bose, Ritz, Breitling, Cadillac, Blockfolio, and FTX, among others. This is one of the benefits of being the No. 1 pick in the NFL Draft and one of the more recognizable players in the NFL.
Welcome to The Trevor Lawrence Show ⚡️ @Trevorlawrencee @Jaguars #NFLDraft pic.twitter.com/dqNrC9QQoS
— Gatorade (@Gatorade) April 30, 2021
His Gatorade deal, which was signed back in 2021, was worth up to $2 million a year, according to Front Office Sports.
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“It has been a staple in my sports journey since I was a kid, so I couldn’t be more excited to join the brand,” Lawrence told CNBC about his Gatorade endorsement.
He was also one of the athletes who signed an endorsement deal with the cryptocurrency FTX, meaning he was part of the group of endorsers who settled a class action lawsuit for their roles in promoting the cryptocurrency exchange before its collapse in Nov. 2022.