What was already obvious to Eagles fans became official on Monday: Jalen Hurts is Philadelphia's quarterback of the future, and the franchise is paying him like one.
Ian Rapoport Tom Pelissero of NFL.com reported that Hurts is signing a five-year, $255 million contract extension following a season in which the Eagles went 14-3 and made Super Bowl 57 vs. the Chiefs. Hurts, who is just 24 years old, is coming off his third NFL campaign in which he set career-highs in completions (306), completion percentage (66.5), passing yards (3,701) and passing touchdowns (22, compared to just six interceptions).
Hurts also set new career marks in rushing attempts (165) and rushing touchdowns (13). He also rushed for 760 yards on 4.6 yards per carry. His dual-threat ability and calm demeanor has made him the Eagles' unquestioned leader, and one the team wanted to secure long-term — hence his extension.
But how does Hurts' new contract compare to other top-earning quarterbacks — such as the Chiefs' Patrick Mahomes and Browns' Deshaun Watson — in terms of average annual salary, guaranteed money and total value? In short: very well.
MORE: How Jalen Hurts' record Eagles contract impacts Joe Burrow
Here's everything you need to know about Hurts' contract extension, and where it ranks among the most lucrative in NFL history:
Jalen Hurts contract details
- Total value: $255 million
- AAV: $51 million
- Guaranteed money: $179.3 million
Hurts reportedly signed a five-year, $255 million contract extension through the 2028 season. That includes $179.3 million in guarantees, $110 million of which is due at signing, and an average annual salary of $51 million that eclipses Aaron Rodgers' previous record of $50.3 million.
Per an additional report from NFL.com, Hurts' extension also includes incentives that, if met, would give him a maximum of $274.3 million through 2028, including money left on his rookie contract. It also includes the first no-trade clause in Eagles franchise history.
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Patrick Mahomes contract details
- Total value: $450 million
- AAV: $45 million
- Guaranteed money: $141.5 million
Mahomes' contract, which still holds the record for total value, looks like a bargain in light of recent mega extensions signed by QBs. Following his first Super Bowl victory in 2020, Mahomes signed a 10-year, $450 million contract with $141.5 million guaranteed. Neither Mahomes' AAV nor guaranteed money ranks among the top five active NFL quarterbacks: a pretty good deal, considering he is still the premier signal-caller in the league.
MORE: NFL's highest-paid quarterbacks in 2023
Deshaun Watson contract details
- Total value: $230 million
- AAV: $46 million
- Guaranteed money: $230 million
Watson's deal is something of a controversial topic: The Browns guaranteed the entirety of his five-year, $230 million contract, the most ever in NFL history, after he hadn't played a single down for the Texans in 2021. It has also been a sticking point as another premier quarterback, Lamar Jackson, seeks to earn a similar contract in terms of guaranteed money. For now, Watson holds the NFL record for most guarantees.
MORE: NFL's 25 highest-paid players in 2023
Highest-paid quarterbacks in 2023
In all, Hurts now has a contract that ranks in the top three in NFL history in terms of highest AAV (first); guaranteed money (third, behind Watson and Kyler Murray); and total value (third, behind Mahomes and Josh Allen).
Here's how it compares in each of those categories to Mahomes, Watson and the other highest-paid quarterbacks ahead of the 2023 NFL season:
Highest AAV
| Rank | Player | AAV |
| 1 | Jalen Hurts | $51 million |
| 2 | Aaron Rodgers | $50.3 million |
| 3 | Russell Wilson | $48.5 million |
| 4 | Kyler Murray | $46.1 million |
| 5 | Deshaun Watson | $46 million |
| 6 | Patrick Mahomes | $45 million |
| 7 | Josh Allen | $43 million |
| T-8 | Dak Prescott | $40 million |
| T-8 | Daniel Jones | $40 million |
| T-8 | Matthew Stafford | $40 million |
Most guaranteed money
| Rank | Player | Guarantees |
| 1 | Deshaun Watson | $230 million |
| 2 | Kyler Murray | $189.5 million |
| 3 | Jalen Hurts | $179.3 million |
| 4 | Russell Wilson | $161 million |
| 5 | Aaron Rodgers | $150.8 million |
| 6 | Josh Allen | $150 million |
| 7 | Patrick Mahomes | $141.5 million |
| 8 | Matthew Stafford | $130 million |
| 9 | Dak Prescott | $126 million |
| 10 | Jared Goff | $110 million |
Total value
| Rank | Player | Value |
| 1 | Patrick Mahomes | $450 million |
| 2 | Josh Allen | $258 million |
| 3 | Jalen Hurts | $255 million |
| 4 | Russell Wilson | $242.6 million |
| 5 | Kyler Murray | $230.5 million |
| 6 | Deshaun Watson | $230 million |
| T-7 | Dak Prescott | $160 million |
| T-7 | Daniel Jones | $160 million |
| T-7 | Matthew Stafford | $160 million |
| 10 | Aaron Rodgers | $150.8 million |
Jacob Camenker contributed to this report.