The Jacksonville Jaguars and quarterback Trevor Lawrence have reached an agreement on a five-year, $275 million contract extension, which includes $200 million guaranteed and a $142 million signing bonus.

Lawrence’s reported extension matches Cincinnati Bengals quarterback Joe Burrow‘s 2023 extension as the highest-paid deal in NFL history with an average salary of $55 million.

Lawrence, 24, was selected by the Jaguars at No. 1 overall in the 2021 NFL Draft and has led Jacksonville to a 20-30 record in three seasons which included the franchise’s first playoff berth and AFC South Division title in five seasons in 2022.

Lawrence enters his fourth NFL season with 11,770 yards, 58 touchdowns and 39 interceptions on 1,116 of 1,750 passing, as well as 964 yards and 11 touchdowns on 205 rushing attempts. The Knoxville native entered the NFL after a decorated collegiate career at Clemson.