Prioritizing Contract Extensions: Key Veterans in the NFL Spotlight

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04/06/2025 20h51

### NFL Teams Must Prioritize Contract Extensions for Top Performing Veterans

As the dust settles from the NFL's free agency rush and draft, front offices must now address another critical aspect of roster management: contract extensions for deserving veteran players. Here's a rundown of some players who merit new deals, considering their impactful performances and value to their respective teams.

Baltimore Ravens quarterback Lamar Jackson remains pivotal in any discussion about player compensation. With an average annual salary of $52 million through 2027, Jackson's transformative impact on the Ravens, turning them into an AFC powerhouse, cannot be overstated. Jackson’s record-breaking season saw him as the first player in NFL history to throw over 40 touchdown passes and rush for more than 900 yards in the same year. Despite nine quarterbacks being paid more annually, Jackson's value calls for a new deal, reflecting his contributions more accurately. The Ravens' open discussion on this topic suggests a promising resolution.

Cincinnati Bengals defensive end Trey Hendrickson, currently earning $21 million per year through 2025, led the NFL with 17.5 sacks in 2024. Hendrickson's back-to-back stellar seasons, with a total of 35 sacks, underscore his effectiveness. However, his earnings rank 11th among edge rushers, despite leading the league in pressures. With significant financial commitments looming for other stars like Joe Burrow and Ja'Marr Chase, securing Hendrickson with a market-rate deal is essential for maintaining their defensive prowess.

Dallas Cowboys defensive end Micah Parsons, viewed as one of the league’s most impactful players, also merits a significant pay rise. Currently playing out a fifth-year option at $4.27 million per year through 2025, Parsons' unique dual-threat capability places him in elite company. A new, record-setting deal would avoid contract disputes and underscore his importance to the team.

Washington Commanders’ wide receiver Terry McLaurin continues to justify a contract extension beyond his current $23.2 million per year deal through 2025. McLaurin's consistent 1,000-plus receiving yards over the past five seasons were instrumental in the Commanders’ impressive playoff run last season, making him indispensable for their contending aspirations.

Similarly, Pittsburgh Steelers' outside linebacker T.J. Watt, boasting a $28 million yearly salary through 2025, needs a deal reflecting his superstar status. Ranking seventh among edge rushers in pay, Watt’s career achievements and continuous high-level play argue for immediate salary adjustment.

The Los Angeles Chargers should consider extending left tackle Rashawn Slater, who returned to Pro Bowl form in 2024. Earning $4.16 million annually through 2025, Slater has shown he’s a foundational piece for the team under new head coach Jim Harbaugh. With impressive pass-blocking metrics, securing Slater long term would stabilize the offensive line.

Denver Broncos outside linebacker Nik Bonitto, earning a modest $1.45 million annually through 2025, led the team with 13.5 sacks last season. Given his crucial role in breaking an eight-year playoff drought, extending Bonitto’s contract would be a prudent move to maintain the defensive strength.

Buffalo Bills running back James Cook, who averages $1.46 million per year until 2025, has delivered exceptional value. Leading the team in touches and yards from scrimmage over the past three seasons, Cook deserves a significant pay raise, reflecting his central role in Buffalo’s offense.

New York Jets wide receiver Garrett Wilson, currently under contract for $5.14 million per year through 2026, stands out for his consistent 1,000-plus receiving yards over the last three seasons. Locking Wilson into a long-term deal would provide stability and a reliable offensive option as the team seeks long-term success.

Lastly, Kansas City Chiefs cornerback Trent McDuffie, earning $3.5 million yearly through 2026, has proven his value with stellar performances, including first-team All-Pro honors in 2023. Securing McDuffie with an extended contract now would be a strategic move to ensure the stability of the Chiefs' defense.

Paying these veterans adequately is not just a matter of fairness but a strategic necessity for teams to maintain their competitive edge in the NFL.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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