UPDATE 9/7/23: Adam Schefter was first to report that Burrow inked a new, record-setting extension with Cincy. Click here for all the details.
The Bengals’ No. 1 overall pick is still under his rookie deal. Boardroom has the full Joe Burrow contract breakdown.
Given the franchise’s history, getting the Cincinnati Bengals to the Super Bowl feels like a small miracle. But that is what quarterback Joe Burrow helped do in 2021. After an ACL injury that shortened his rookie campaign, Burrow came back the following year to lead the team to Super Bowl LVI, where they lost to the Los Angeles Rams.
The Bengals still have Burrow under his rookie contract. He was the No. 1 overall pick in 2020, and his four-year, $36 million deal is fully guaranteed. Burrow will likely be among the next crop of young players to get a lucrative nine-figure deal, along the lines of Buffalo’s Josh Allen and Arizona’s Kyler Murray.
Boardroom takes a look at the details of the Bengals’ Joe Burrow contract at rookie scale.
Joe Burrow Rookie Contract Details & Salary
Total value: $36,190,137
Average annual value: $9,047,534
Signing bonus: $23,880,100
Total guaranteed money: $36,190,137
Free agency: 2025
Burrow and the Bengals will likely begin extension talks sometime between now and next offseason. One of the major benefits to having a star player — especially a quarterback — still on his rookie deal is that it allows the team to spend money elsewhere. This past offseason, the Bengals attempted to revamp their offensive line, signing La’el Collins and Alex Cappa, after Burrow was sacked 70 times between the 2021 regular and postseason. So far, Burrow has been sacked 13 times through the first three weeks of the year — the most in the NFL.
What’s Joe Burrow’s Market Value?
Total value: $241,890,354
Average yearly salary: $40,315,059
Potential contract value NFL ranking: 8 (No. 8 among NFL QBs)
Based on Spotrac’s estimation, Burrow’s next contract should place him in the top 10 among all NFL players. He is currently the 233rd highest-paid player and 19th highest-paid quarterback i. the league.
Whenever the new deal is reached — he’s first-time eligible for an extension following the 2022 season — Burrow stands not only to increase his salary exponentially, but is in the running to secure record-setting money in terms of annual value.
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