In a groundbreaking move, the Jacksonville Jaguars have agreed to a massive five-year contract extension with star quarterback Trevor Lawrence, according to a source familiar with the matter. The deal, worth a staggering $275 million, solidifies Lawrence's position as one of the highest-paid players in the NFL.

Under the terms of the agreement, Lawrence will receive $200 million in guaranteed money, including a remarkable $142 million upon signing, a league insider revealed. This contract sets the bar high for future quarterback deals, as Lawrence's average salary of $55 million per year matches that of Joe Burrow of the Cincinnati Bengals, making them the highest-earning quarterbacks in the league.

The extension makes Lawrence the sixth quarterback to join the exclusive club of players earning an annual salary above $50 million. The other members of this elite group include Jared Goff of the Detroit Lions ($53 million), Justin Herbert of the Los Angeles Chargers ($52.5 million), Lamar Jackson of the Baltimore Ravens ($52 million), and Jalen Hurts of the Philadelphia Eagles ($51 million).

Despite being relatively early in his career, Lawrence's exceptional talent and achievements have earned him a place among the highest-paid quarterbacks in the sport. His impressive performance has already positioned him as one of the most successful quarterbacks in Jacksonville Jaguars history, ranking fourth in passing yards (11,770) and passing touchdowns (58).

Taking over the helm of the Jaguars in 2021 as the first overall draft pick, Lawrence faced challenges in his rookie season. His struggles under former head coach Urban Meyer led to a league-high 17 interceptions, but he showed significant improvement under the guidance of head coach Doug Pederson in 2022.

In 2022, Lawrence recorded impressive numbers, throwing for 4,113 yards and 25 touchdowns with only eight interceptions. This resurgence helped lead the Jaguars to an 8-3 start and ultimately secure their first AFC South title in 2022.

While Lawrence battled injuries towards the end of the 2023 season, including a concussion and ankle and shoulder issues, the team faltered with a 1-5 record during the final stretch, missing out on the playoffs. Despite this setback, Lawrence's promising potential and undeniable talent led the Jaguars to make a long-term commitment to his continued success on the field.

With this record-breaking contract extension, Lawrence joins the ranks of quarterbacks with over $100 million in fully guaranteed money. Deshaun Watson of the Cleveland Browns, Joe Burrow of the Cincinnati Bengals, Lamar Jackson of the Baltimore Ravens, Justin Herbert of the Los Angeles Chargers, and Jared Goff of the Detroit Lions are among the players who share this distinction.

The Jacksonville Jaguars have made a powerful statement by investing in their young quarterback's future, betting on Lawrence's ability to bring success to their franchise for years to come. As Lawrence continues to grow and showcase his talent, football fans around the world eagerly anticipate the impact he will have on the game and the legacy he will leave behind.

Note: The information provided is a snippet and may not reflect the most recent updates on Trevor Lawrence's career.