Agent’s Take: Breaking down extensions for 2018 first-round QBs Josh Allen, Baker Mayfield and Lamar Jackson


Gamers drafted in 2018 turned eligible to signal contract extensions when the 2020 common season ended on Jan. 3. Raiders offensive deal with Kolton Miller and Lions middle Frank Ragnow are the one 2018 first-round picks to signal new offers up to now.

A small variety of first-round picks getting new offers after taking part in simply three seasons hasn’t been uncommon underneath the rookie wage scale carried out by the 2011 NFL collective bargaining settlement. Excluding this yr, 3.14 first-round picks on common have signed extensions at this juncture of their careers since 2011 first-round picks initially turned eligible for brand spanking new contracts in 2014.

Final yr was an anomaly. Six 2017 first-round picks did not play a fourth season underneath their rookie contracts as a result of extensions had been signed.

Miller and Ragnow may quickly have firm. Three quarterbacks chosen within the first spherical of the 2018 NFL Draft (Josh Allen, Lamar Jackson and Baker Mayfield) are extension candidates. Every had their fifth-year choices for 2022, that are totally assured, picked up. Allen and Jackson’s fifth-year choices are for $23.016 million. Mayfield’s is value $18.858 million.

Not one of the three are anticipated to comply with in Chiefs quarterback Patrick Mahomes‘ footsteps by signing a particularly lengthy deal. 4-year extensions have change into the norm on the prime of the quarterback market. Mahomes landed probably the most profitable contract in American staff sports activities historical past final July. The 2018 NFL MVP signed a 10-year, $450 million extension averaging $45 million per yr. Incentives make the contract value as a lot as $475 million.

Mahomes obtained the deal when he was on the identical stage in his profession because the trio, after his third NFL season. Kansas Metropolis’s signal-caller is not in peril of being changed because the NFL highest-paid participant by any of those younger quarterbacks.

This is a take a look at every of their conditions.

Josh Allen – Payments (No. 7 general choose)

Allen raised his recreation to a special degree final season in main the Payments to a 13-3 file and the AFC East title. He set Payments franchise data with 4,544 passing yards, 37 landing passes, a 69.2 completion proportion and a 107.2 passer ranking. Allen ranked within the prime 5 within the NFL in every of those classes. He was the MVP runner up in 2020.

Payments common supervisor Brandon Beane expressed a need to signal Allen to an extension earlier than later in March. There would not look like a way of urgency by both the Payments or Allen to get a deal finished.

Ideally, Allen’s new deal would come earlier than July 29, when his $2,618,595 third day of coaching camp roster bonus is due. In doing so, this cash may change into a part of the signing bonus Allen would obtain in an extension and be prorated over the lifetime of the contract as much as a most of 5 years, which might assist restrict the rise of his 2021 wage cap quantity. The Payments at the moment have $10,102,378 of wage cap room, in response to NFLPA knowledge.

The four-year, $160 million contract Dak Prescott obtained from the Cowboys in March that made him the NFL’s second-highest paid participant at $40 million per yr actually obtained Allen’s consideration.

Prescott’s deal has $126 million in ensures the place $95 million was totally assured at signing, which is an NFL file.

Allen ought to exchange Prescott within the NFL wage hierarchy along with his deal. It is also conceivable that he would be the first to ever hit $100 million totally assured at signing.

The Payments will in all probability use a signing/possibility bonus construction in an Allen extension signed this yr, like they did with offensive deal with Dion Dawkins and cornerback Tre’Davious White in 2020. An possibility bonus is basically a further signing bonus that is normally paid within the second or third yr of a contract to train a later yr — or years — within the deal. Since an possibility bonus is given the identical therapy on the wage cap as signing bonus, it’s also prorated or evenly unfold out over the lifetime of a contract for a most of 5 years.

The Payments usually have an inflated totally assured second-year base wage to make sure the choice is exercised and the cost is made. This base wage is decreased by the quantity of possibility bonus — which is prorated on the wage cap — when the choice yr is picked up.

The Payments giving White, who signed an extension after his third yr, a particularly favorable money circulation may issue into Allen’s negotiations. White’s money circulation is superior to the latest offers signed by quarterbacks after taking part in simply three seasons (Jared Goff, Deshaun Watson, Carson Wentz). The chart beneath illustrates this level by evaluating the proportion of latest cash White earns after every contract yr with the quarterbacks. The entire offers had been four-year extensions. 

Jared Goff

16.22%

22.39%

42.91%

61.94%

80.6%

100%

Deshaun Watson

17.31%

12.82%

35.26%

58.97%

79.49%

100%

Carson Wentz

10.16%

23.12%

42.97%

60.16%

79.69%

100%

Tre’Davious White

24.51%

36.11%

52.05%

66.76%

81.83%

100%

Quarterback contracts usually have higher money circulation than offers at different positions. Since Allen appears open to being versatile about his contract’s construction, an acceptable commerce off is perhaps a better common yearly wage for money circulation percentages inferior to White’s.

Ought to Allen play out his rookie contract, the Payments would probably use an unique franchise tag on him in 2023. This quarterback quantity at the moment tasks to $43,091,176 and is topic change with contract restructures for cap functions and extensions over the subsequent 22 months. Nonetheless, it may very well be used a information with Allen’s common yearly wage for him being accommodating with money circulation.

Lamar Jackson – Ravens (No. 32 general choose)

Discussions with Jackson a few new contract have been ongoing. A Jackson extension appears inevitable. Though his signing is probably not imminent, Ravens head coach John Harbaugh known as an extension a “finished deal” final week.

Jackson is the best dual-threat quarterback in NFL historical past. He established a brand new single-season quarterback speeding file with 1,206 yards on the bottom and led the NFL with 36 landing passes in 2019 when he was league MVP. Jackson was additionally the primary participant to have no less than 3,000 passing yards and 1,000 speeding yards in the identical season.

His 2020 marketing campaign was not fairly on the identical degree. Jackson remains to be creating as a pocket passer. Nonetheless, the Ravens earned a 3rd straight postseason journey with Jackson and gained their first playoff recreation since he turned the beginning quarterback halfway via his rookie season.

There’s an fascinating dynamic in Jackson’s state of affairs. He would not have an agent. The shortage of agent wasn’t an obstacle to Cardinals vast receiver DeAndre Hopkins, Texans offensive deal with Laremy Tunsil and Seahawks inside linebacker Bobby Wagner setting the market at their respective positions. Every had competent advisors to assist with the method.

The Ravens have confirmed to be shrewd negotiators when coping with established brokers. It was stunning that offensive deal with Ronnie Stanley’s extension was underneath $20 million per yr given Tunsil had beforehand signed for $22 million per yr. Nonetheless, the deal contained record-setting ensures for an offensive lineman contract.

Any shortcomings Jackson might have as a pocket passer should not preclude him from getting paid close to the highest of the quarterback market. The Falcons made Michael Vick, who was the primary quarterback to hurry for 1,000 yards in a season, the league’s second-highest paid participant in 2004 although he wasn’t a cultured passer.

The most secure factor for Jackson to do underneath the circumstances could be to let Allen signal first and use that deal as a roadmap for his personal extension. Regardless, Jackson’s worst-case state of affairs ought to be a deal corresponding to Watson’s. The Texans quarterback signed a four-year, $156 million extension ($39 million per yr) value a most of $160 million via incentives with $110,717,124 million of ensures proper earlier than the 2020 common season began. $73,717,124 was totally assured at signing.

Jackson doing a deal with out an agent or skilled advisor might need an even bigger influence on the contract’s construction than the compensation. The Ravens signed Stanley for 5 new contract years whereas Tunsil solely gave the Texans three new contract years. It would not be stunning for the Ravens to insist on a fifth new contract yr though the development with quarterbacks is signing for 4 new contract years. The contract ensures may probably be extra favorable to the Ravens than ordinarily contained within the prime quarterback offers.

Baker Mayfield – Browns (No. 1 general choose)

Simply over every week in the past, Mayfield indicated he wasn’t in a rush to signal a brand new contract. He mentioned his focus is on attempting to win video games. Jack Mills, Mayfield’s agent, mentioned earlier this week he expects one thing shall be finished this summer time. He believes the quarterback market is fairly well-defined and is anticipating the wage cap to rebound.

Alongside these traces, the NFL and NFLPA lately agreed to a wage cap ceiling of $208.2 million for 2022. Reaching the ceiling in 2022 could be a 14.1% enhance over the present $182.5 million wage cap.

Mayfield hasn’t had the identical particular person success as Allen and Jackson with their MVP-caliber seasons. He rebounded from a sophomore droop in 2019 to arguably play the very best soccer of his NFL profession throughout the second half of final season, which helped the Browns earn a playoff berth for the primary time since 2002.

Mayfield is the beneficiary of a robust working recreation and stellar offensive line. In line with Professional Soccer Focus, the Browns have finest speeding assault and offensive line heading into the 2021 season.

Due to these elements, the Browns could be justified in being reluctant to make a monetary dedication to Mayfield in the identical stratosphere as Allen and Jackson are anticipated to be in with their respective offers from the Payments and Ravens. So as to get within the $40 million-per-year neighborhood, Mayfield might have to have persistence with an extension and show that his efficiency during the last half of the 2020 season wasn’t an anomaly.

A bridge deal that is both a two- or three-year extension the place Mayfield will get again to the market earlier than Allen and Jackson is perhaps value exploring. The Browns could be protected by a shorter-term deal in case Mayfield regresses like Goff and Wentz did after signing their four-year extensions in 2019 close to the highest of the quarterback market. Mayfield would not need to maintain proving himself to get a profitable payday.

Presumably, Browns head coach Kevin Stefanski would favor Mayfield over Vikings quarterback Kirk Cousins. Stefanksi was Cousins’ offensive coordinator in Minnesota throughout the 2019 season. Since Cousins signed a two-year extension with the Vikings in 2020 averaging $33 million per yr, it will in all probability be Mayfield’s wage ground going this route.



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