According to Jonathan Jones of CBS (via Twitter), the deal can actually reach $265MM with incentives. The five-year extension includes $218MM in guaranteed money, according to Daniel Popper of The Athletic (via Twitter). Schefter clarifies (on Twitter) that the extension contains $133.7MM in fully guaranteed money, $193.7MM with the injury guarantee, and a potential $218.7MM in total guarantees.
Rapoport notes on Twitter that Herbert will earn a whopping $100MM in year one of the extension, topping the previous one-year high of $80MM in earnings. This will be a significant raise for Herbert, who was set to earn $4.2MM in the fourth year of his rookie deal, per NFL Networkās Tom Pelissero (on Twitter).
In terms of new money, Herbertās deal will rank fourth at the position in full guarantees and injury guarantees, per Jason Fitzgerald of OverTheCap.com (via Twitter). Herbertās overall guarantees will slide him in third among QBs, and his overall injury guarantees will rank second at the position.
Herbert is a QB I wouldāve considered extending. Heās probably the bottom QB I personally would consider. This contract is massive in terms of AAV. Just makes me want a Goff extension even less. Herbert might not be worth itā¦Goff certainly isnāt
If the salary cap keep moving the way it has, Iām not sure I care. Thinking about it another way, would I rather roll the dice to find a replacement for Vaitai and Okawara. Or roll the dice on another QB. Honestly, Iād rather extend him now before the Lions make the playoffs.
The next Stafford?
What I mean, he plays for one team for 12yrs wins little or nothing and then moves on and wins big with another team. Definitely talented.
It really doesnāt work out. Sure everyone else is doing it so āheās worth it.ā But like most the guys who are getting these absurd contracts, theyāre not.
But I guess everyone has an excuse as to why it doesnāt work out. The previous generation had to go through Bradyā¦and now the current one has to go through Mahomes. For some reason that matters to some and qualifies as a legitimate out as to why itās ok to not get to or win a SB.
Jesus. Iām sure Herbert is a high-character love football guy, as I try to be. But man I might just play one year and break an ankle that can never be repaired.
I think youāre going to see a lot more of this. The Chargers probably donāt see themselves having a shot in the draft at anything better than Herbert already is. Heās a top 5 NFL QB (imo), and he has the tools to be in the top 3 very soon. In todayās market, why not? Itās a risk, but so is not signing him long term and having the cost of doing so increase by 40% in 2 or 3 years. The price of really good QBs has risen exponentially in the past 5 years, so why not get him locked in now? Hell, this deal will probably look like a steal in 3-4 years. Something needs to be done.
Said no one about Goff ever. Which is a shame. I wouldnāt bat an eye if it looked like a steal three years from now.
DISCLAIMER: NO WE ARE NOT TURNING THIS INTO A GOFF THREAD. WEāRE DISCUSSING QBāS AND THEIR PAY AND MY BEST FRAME OF REFERENCE IS THE ONE THE LIONS HAVE.
At this point, Brad and Dan and the rest of the front office have been preparing for this for a few years. We are either gonna pay Goff a fair market deal or we are gonna say thanks but not at that price and hand the ball to Hendon and see what the old man has left in his arm.
What Iām trying to say is: donāt worry, this isnāt gonna catch the lions w their pants down like the Suh debacle and others before that one.
If he goes that route and decides to put all his eggs into Hendonās hands because he doesnāt want to pay the market value for a franchise QB his tenure with the Lions could very well depend on Hookerās success or failure. Iām sure he understands that and will make the prudent decision for this team.
I donāt know the cap rules and salary games well enough to comment. But you see one guy say he gets 100m in year one then you see this below, Iām assuming the 100m is a bonus of some sort and then the 19m is the actual cap hit while they spread the bonus around. Iām happy to let @DeadStroke correct my miscues. Or, one or both of these guys are wrong on the numbers they are quoting.
Schefter tweet:
By extending Justin Herbert, the Chargers lowered his 2024 cap number from $29.5 million to roughly $19M ā noteable since LA currently has 4 players with cap numbers over $30M in 2024: Khalil Mack, $38.5 million Joey Bosa, $36.6M Keenan Allen, $34.7M Mike Williams, $32.5M
This is what I donāt understand about the idea of Hooker as ānegotiating leverageā. Heās a warm body. Heās as much āleverageā as Cooper Rush or Jacob Eason.
I donāt see how the presence of Hendon Hooker impacts contact negotiations with Goffās agent at all. Thereās no bluff to be made.
Khalil Mack, $38.5 million