Trevor Lawrence has signed his rookie contract with the Jacksonville Jaguars.
The deal is worth $36.8M over four years and has a signing bonus of $24.1M.
Lawrence is the odds on favorite to win the NFL Offensive Rookie of the Year award.
Trevor Lawrence is officially a member of the Jacksonville Jaguars.
Let’s ball, @Trevorlawrencee!@TervisTumbler | #DUUUVAL pic.twitter.com/zbwnMWRadr
— #DUUUVAL (@Jaguars) July 5, 2021
The top overall pick of the 2021 NFL draft put pen to paper on Monday, becoming the second of this year’s 5-first round pick QBs to sign his rookie deal after Justin Fields signed with the Chicago Bears last month.
Lawrence’s deal is worth $36.8M four four years with a guaranteed amount of over $24M. He will count as $6.1M on the Jaguars’ 2021 salary cap and have the standard fifth-year option for first round picks.
The signing paves the way for Lawrence to attend the start of the NFL training camp which begins in three weeks.
More Deal Details
More deal details:
🏈Signing bonus paid within 15 business days.
🏈No offset language.
🏈Majority of compensation in 2022, ‘23, ‘24 in Roster Bonus. Earned if on 90-man roster on 3rd day after mandatory camp reporting date.
🏈Earns roster bonus even if on active NFI. https://t.co/EOxzF3RJTN
— Adam Schefter (@AdamSchefter) July 5, 2021
His average $9.2M annual salary makes Lawrence the 20th highest-paid QB in the entire NFL.Among his peers top draft picks, Lawrence is the highest earning no.1 overall selection since 2018. 2020’s Joe Burrow has a slightly lower salary at $9M per annum while 2019 no. 1 pick Kyler Murray and 2018 top draftee Baker Mayfield make $8.8M and $8.1M, respectively.
With the former Clemson star already passing his physical, he will be entitled to receive his massive $24.1M signing bonus in 15 days. Lawrence’s contract hs no offset language which means that he will still received the full guaranteed amount of the deal even if he were to be released and sign with another team.
The roster bonuses on his contract will be paid from 2022-24 and he will earn it if he makes the team’s 90-man roster on the third day after the mandatory reporting date. He will receive the roster bonus even if he is on the active Non-Football Injury list.
NFL Offensive Rookie of the Year Favorite
NFL offensive rookie of the year odds: Trevor Lawrence is obvious favorite, but Najee Harris and Kyle Pitts have a shot https://t.co/lpBZQSfBvU
— The Athletic Bay Area (@TheAthleticSF) July 1, 2021
With his skills and the opportunity that he is expected to get in Jacksonville, Lawrence is the obvious odds on favorite to win the NFL’s Offensive Rookie of the Year award for the upcoming season.
According to online sportsbook SportsBetting.ag, Lawrence is the +350 betting favorite to take home this season’s top offensive rookie award. Atlanta’s Kyle Pitts and New England’s Mac Jones are tied for second at +750. Meanwhile, Cincinnati’s Ja’Marr Chase and no. 3 pick Trey Lance of San Francisco are both listed at +800.
But while the oddsmakers are very high on Lawrence, they aren’t as enthusiastic about his ability to lead his team to success in Year 1. The same online sportsbook has Jacksonville with the third-longest odds to win Super Bowl LVI. The Jaguars are also -140 favorites to win less than 6.5 games this season and are +300 underdogs to make the playoffs this season.