Tagged in: cap

QB Trevor Lawrence signs $36.8 million rookie contract with Jacksonville Jaguars

Jaguars quarterback and No. 1 overall pick Trevor Lawrence signed his four-year rookie contract Monday, clearing the way for him to attend the start of training camp in three weeks.

Under the NFL’s rookie slotting system, Lawrence’s deal was projected to be worth $36.8 million and included a $24.1 million signing bonus. He will count $6.7 million against the salary cap in 2021.

The contract also incorporates a fifth-year option that is attached to every rookie deal for first-round selections.

A source told ESPN’s Adam Schefter that details of the contract includes: Lawrence’s signing bonus will be paid within 15 days and the quarterback is deemed to have passed his physical for signing bonus purposes.

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There is no offset language in the contract, meaning that he would still receive the full amount of guaranteed money left in his contract even if he were to be released and sign with another team.

The majority of Lawrence’s compensation will come in his roster bonuses in 2022, 2023 and 2024.

He will earn that bonus if he is on the 90-man roster on the third day after the mandatory reporting date.

Lawrence will earn his roster bonus even if he is on the active non-football injury list.

With Lawrence under contract, Jacksonville has now signed six of its nine draft picks. Running back Travis Etienne (first round), cornerback Tyson Campbell (second) and offensive tackle Walker Little (second) remains unsigned.

Lawrence is anticipated to be an immediate starter in Year 1. He went 34-2 at Clemson, recording the third-best winning percentage by a starting quarterback (minimum 30 starts) in college football since 1978.

He finished his college career undefeated in regular-season play and led the Tigers to the national championship as a freshman in 2018.

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Detroit Lions dealing Matthew Stafford to Los Angeles Rams for Jared Goff

In the world of sports, a blockbuster trade can strike at any time and that’s precisely what happened when the Detroit Lions agreed to deal franchise quarterback Matthew Stafford to the Los Angeles Rams for Jared Goff and three future NFL draft picks, as confirmed by CBS Sports’ Jason La Canfora.

After the dust settled, the Rams sent Goff, their 2021 third-round pick, their 2022 first-round pick and their 2023 first-round pick to the Lions for Stafford. 

It didn’t take long for first-year Lions general manager Brad Holmes to make a big splash. Holmes came to Detroit from Los Angeles where he was the director of college scouting with the Rams from 2013-2020 — so it’s safe to say he an excellent idea about what the Lions will be getting in return with Goff as their new quarterback.

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This trade also brings a significant financial impact from a salary cap standpoint.

Per NFL Network’s Tom Pelissero, the Rams will inherit the two years, $43 million remaining on Matthew Stafford’s contract.

The Lions will inherit four years, $106.6M remaining on Jared Goff’s contract. The Rams will carry a $22.2M dead cap hit in 2021 after trading Goff and the Lions will carry a $17.8 million dead cap hit in 2021.

Earlier this week, Rams general manager Les Snead did not provide a public vote of confidence for Goff when asked multiple times about the quarterback’s future with the Rams.

“Moving on from Jared Goff, that’s … the money we’ve invested in him, that’s not easy to overcome,” said Snead, who added later that “anything can be done” in a cap-based system.

The Lions will face the Rams next season at SoFi Stadium.

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