Inside the Jalen Hurts deal

Super Bowl LVII - Kansas City Chiefs v Philadelphia Eagles
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It took a little while, but it’s finally in. Signed on Monday, the breakdown of the Jalen Hurts contract has landed.

Here are the full details, per a source with knowledge of the terms.

1. Signing bonus: $23.294 million.

2. 2023 base salary: $1.01 million, fully guaranteed.

3. 2024 option bonus: $38.875 million, fully guaranteed.

4. 2024 base salary: $1.125 million, fully guaranteed.

5. 2025 option bonus: $40.83 million, fully guaranteed.

6. 2025 option bonus: $1.17 million, fully guaranteed.

7. 2026 option bonus: $49.785 million, $3.696 million of which is fully guaranteed at signing, $16.5 million of which becomes fully guaranteed in March 2024, and $30 million of which becomes fully guaranteed in March 2025.

8. 2026 base salary: $1.215 million.

9. 2027 option bonus: $44.655 million, $22 million of which becomes fully guaranteed in March 2026, and $696,000 of which becomes fully guaranteed in March 2027.

10. 2027 90-man roster bonus: $5 million.

11. 2027 base salary: $1.345 million.

12. 2028 option bonus: $39.61 million.

13. 2028 90-man roster bonus: $10 million.

14. 2028 base salary: $1.39 million.

15. Super Bowl win escalator: $500,000 per year, for each subsequent year of the deal.

16. NFL MVP escalator: $500,000 per year, for each subsequent year of the deal.

It’s a five-year, $255 million extension, with a new-money average of $51 million per year. At signing, it’s a six-year, $259.3 million deal, with an annual average of $43.21 million.

The deal has $110 million fully guaranteed at signing. By 2024, it becomes $126.5 million. By 2025, it becomes $157.3 million. By 2026, it pushes to $179.3 million.

It seems to be a firm four-year commitment, a total payout of $157.3 million. That’s $39.325 million per year. The final two years are a team option at $51 million per season.

If the Eagles pull the plug after four seasons, there would be a lingering $22 million guarantee for 2027, subject to offset. (Parting ways would still avoid $29 million in additional cash, $22 million guarantee notwithstanding.)

The deal gives Hurts the highest ever average per year in terms of new money. The tradeoff is a reduced cash flow, with $24.3 million in year one, $64.3 million through year two, and $106.3 million through year three.

For a guy who slipped to No. 53 in the draft three years ago, it’s a win. For the Eagles, it’s a win. And if he keeps playing like he did in 2022, there will eventually be an adjustment.

24 responses to “Inside the Jalen Hurts deal

  1. You cannot be better than Providence. Best scenario in the long for someone who “fell” in the draft!

  2. In other words, despite the gaudy numbers, this is an extremely team friendly deal for an MVP candidate player that will allow them to surround Hurts with players and not just scrap heap guys. It’ll catch up to them around year 5 I believe it is, which is why I believe Bijan Robinson is in play and normally I’d never say that picking in the top 10 but this is a unique situation. Drafting a RB that high is a bit short sighted but with a 4-5 year window before they’ll have to tear a lot down to build it back, the more I think about it, the more I think it’s the right move for a team in win-now mode

  3. In 2 years they will have buyers remorse. Nothing against Hurts, seems like a very good person and is a fantastic athlete but these QBs are setting the market even if they aren’t a QB that can carry a franchise. To pay a guy like Rodgers did for so long or like Mahomes gets now you need a QB that can mask a lot of flaws in the roster. Hurts just played on one of the better rosters assembled recently. With that salary the roster will begin to be erode around him as their players become free agents and they draft in the 20s. Happened in Green Bay with Rodgers and was a big reason Brees only has one title as well. Once you pay that QB big bucks you better hope he is the best QB in the league because teams with a rookie QB and a great roster will punch you in the nose in the playoffs and you won’t get back up. I have seen it so many times now in my life it is easy to predict. Rodgers and Brees both won when before their QBs set the market.

  4. Good for Jalen, good for the team. Hopefully there will be some championships to follow!

  5. It’s always a good feeling when you get 1st round talent out of a 2nd round pick. Jalen Hurts earned this contract.

  6. Is Jalen about to be suspended? I was told the Browns structured Watson’s contract this way in the first year to prevent him from losing money. Maybe, that’s just what teams do and a lot of people just piled on the Browns because it was easy.

  7. The only thing that really matters is the cap hit year to year. I will be interested to see what that looks like.

  8. Brutal contract. Philly to never win a SB again at least with Hurts there.

  9. Its a win/win. would be interested in the rationale for all the signing bonus..I assume this has salary cap ramifications and pushes things further down the line.
    He is a “running” QB who also got hurt this year so there is high risk and high reward on both signs. I am not sure this is that “team” friendly but a reasonable deal for a QB who has gotten better every year but still has some risk to him as well.

  10. Over the Cap is wrong in this as void years can only be applied to a maximum of 5 years. Just like a prorated bonus can only be spread out over 5 years.

    PFT just explained the contract in this article.

    Steven Ehrman says:
    April 25, 2023 at 12:05 pm
    OTC has 2029 as a $97 mil void year. That’s a lot of contract fluff if true.

  11. This much money is always a roll of the dice, and this is a really small sample size of play. But I think the player he was this past season is the kind of guy that every team hopes they get the chance to pay.

    In other words, the only real question is whether he can keep it up. He showed he’s capable of doing it all. I think they’ll be glad they did this.

  12. Hurts is a good guy & great athlete – not a great QB. Philly will end up with buyers remorse in the end & doubtful they make it to another Super Bowl.

  13. This is one of the best contracts that i have ever seen for a player. The vesting guarantees years in advance are the clearest sign that Jalen Hurts is the Eagles’ guy for well beyond the foreseeable future and that his agents cleaned the floor with all the QB contracts that have come before it, besides in Believeland.

  14. Next 4 years cap hits:
    2023 6,154,286
    2024 13,558,800
    2025 21,769,800
    2026 31,771,800
    Half of those cap hits are backup QB cap numbers. But tell me again how there is going to be buyers remorse and no room to sign anyone else.

    In four years the cap will be 70-100M more per year and the contract numbers will be peanuts.

  15. I said Hurts was the steal of that draft and was laughed at. I’m laughing now. Boy did he get his ! Cha Ching.

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