Lamar Jackson gets paid, what does this mean for Burrow and Herbert?

NFL Schedule 2022 - Cincinnati Bengals quarterback Joe Burrow (9) throws a pass in the first quarter of Super Bowl 56 between the Cincinnati Bengals and the Los Angeles Rams at SoFi Stadium in Inglewood, Calif., on Sunday, Feb. 13, 2022. The Rams came back in the final minutes of the game to win 23-20 on their home field.Super Bowl 56 Cincinnati Bengals Vs La Rams
NFL Schedule 2022 - Cincinnati Bengals quarterback Joe Burrow (9) throws a pass in the first quarter of Super Bowl 56 between the Cincinnati Bengals and the Los Angeles Rams at SoFi Stadium in Inglewood, Calif., on Sunday, Feb. 13, 2022. The Rams came back in the final minutes of the game to win 23-20 on their home field.Super Bowl 56 Cincinnati Bengals Vs La Rams /
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On Thursday, news broke that Lamar Jackson and the Baltimore Ravens agreed to a contract. What does this mean for Joe Burrow and Justin Herbert?  Well, for one, it means that both Burrow and Herbert are going to be very rich men.

Jalen Hurts kicked off the quarterback contract extension seasons by signing a five-year, $255 million deal that made him the highest-paid player in the history of the NFL, but not for long.

When Hurts agreed to his deal, the Ravens opened up their checkbooks even more.

The deal for Jackson is also for five years, but is for $260 million, pegging him at $52 million per season as opposed to Hurts’ $51 million per season.

Does this mean that Joe Burrow and Justin Herbert should sign for more when they likely agree to deals this offseason?  Probably, for a couple of reasons.

Lamar Jackson gets paid, what does this mean for Burrow and Herbert?

Well, as NFL contracts would have it, players who sign pacts continually like to reset the market at their respective positions; that’s just how it’s been working in the NFL.  With the increasing salary cap nearly every year, the contracts will get larger, so it should be no surprise if Burrow and Herbert both sign larger deals than Lamar Jackson got.

The one thing that I’m curious on is the length of their deals.  Josh Allen signed his extension for six years and Patrick Mahomes signed for 10, but other quarterbacks have signed for lesser years, perhaps giving them a sooner opportunity to re-up their deal and reset the market.

Part of me thinks that Burrow and Herbert will both feel comfortable signing for five years.  That just feels right, doesn’t it?

Burrow is clearly the better quarterback and has had much more success in the playoffs than any other QB mentioned in this article, so I’d assume we’d see Burrow creep towards $55 million per year.

I think Herbert will be just below Burrow, but I think both will surpass the $52 million per year.

$54 million per year is $270 million over five years.

$53 million per year is $265 million over five years.

$55 million per year is $275 million over five years.

I think those are numbers to watch out for.