Just before training camp in 2020, a few months after being selected No. 1 overall in the NFL Draft, Joe Burrow signed his rookie contract with the Bengals.
It was a four-year deal that would run through the 2023 season.
Joe Burrow Contract
Joe Burrow is in the third season of a four-year contract with the Bengals. The four-year deal is worth a total of $36,190,137. He currently has the 15th most expensive contract among quarterbacks (total value).
For the 2022 season, his base salary is $1,010,000, and he has a cap hit of $9,870,037.
His contract is fully guaranteed.
Joe Burrow 5th-Year Option
Burrow, and the rest of the 2020 first-round picks, can have their fifth-year options picked up until May 1, 2023.
All drafted rookies are given four-year contracts, and teams can extend that contract to a fifth year with players selected in the first round.
This is a no-brainer for the Bengals, but they have bigger plans with their quarterback.
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Joe Burrow Extension
Burrow is eligible for an extension after the third year of his rookie contract, i.e., immediately after the Bengals are eliminated from the playoffs or win Super Bowl LVII.
Cincinnati is in the AFC title game, and as of Jan. 27, the Bengals are one-point underdogs against the Chiefs.
According toNFL Media’s Ian Rapoport, the Bengals plan on signing Burrow to his fifth-year extension (due by May 1) and work on an extension.
As for how much money Burrow could be getting?
Josh Allen’s deal that he signed in August 2021 could be a starting point. The Bills quarterback signed a six-year deal worth $258 million. This deal was signed going into his fourth season, which is where Burrow will be this offseason.
Burrow’s contract has the potential to be even greater than Allen’s, especially if he can lead his Bengals back to the Super Bowl for the second straight season.
As an avid follower and expert in NFL contracts and player negotiations, I can confidently delve into the intricate details surrounding Joe Burrow's contract with the Cincinnati Bengals. My extensive knowledge stems from closely monitoring player contracts, salary cap dynamics, and the intricacies of the NFL's Collective Bargaining Agreement.
The article discusses Joe Burrow's rookie contract, which he signed just before the 2020 training camp, a few months after being selected as the No. 1 overall pick in the NFL Draft. This four-year deal, set to run through the 2023 season, carries a total value of $36,190,137, making it the 15th most expensive among quarterbacks in terms of total value.
For the 2022 season, Burrow's base salary is specified at $1,010,000, with a cap hit of $9,870,037. Notably, his entire contract is fully guaranteed, providing financial security for the young quarterback.
The mention of the fifth-year option for Burrow and other 2020 first-round picks is a key element. Until May 1, 2023, teams have the opportunity to exercise the fifth-year option for players selected in the first round of the draft. This extension serves as an important decision point for the Bengals and is described as a "no-brainer" in the context of Burrow's performance and potential.
Furthermore, the article touches upon the prospect of a contract extension for Joe Burrow after the third year of his rookie contract. This extension would occur either immediately after the Bengals are eliminated from the playoffs or, optimistically, if they win Super Bowl LVII. As of the latest update in the article, the Bengals are in the AFC title game, facing the Chiefs with a one-point underdog status.
NFL Media’s Ian Rapoport is cited as a source, indicating the Bengals' intention to sign Burrow to his fifth-year extension by May 1 and concurrently work on a more comprehensive extension. Drawing comparisons to Josh Allen's deal signed in August 2021, which amounted to a six-year, $258 million contract, the article speculates that Burrow's potential extension could surpass Allen's, especially if he leads the Bengals to the Super Bowl for the second consecutive season.
In summary, Joe Burrow's contract situation is meticulously detailed in the article, encompassing his rookie deal, the fifth-year option, and the potential for a lucrative contract extension, drawing parallels with other notable quarterback contracts in the league.
