Bengals are targeting the offseason to give Joe Burrow a huge contract extension, according to the report

Bengals are targeting the offseason to give Joe Burrow a huge contract extension, according to the report

The Cincinnati Bengals are looking to earn their second straight AFC Championship by defeating the Buffalo Bills at Highmark Stadium on Sunday. While the organization hopes their playoff run lasts until the award of their first-ever Lombardi Trophy, all eyes will be on Joe Burrow once the offseason begins.

The Bengals quarterback will be eligible for an extension this offseason and the team is eyeing this period to negotiate a lucrative extension for its franchise heart NFL Media. Players can be renewed after their third season in the league, and Burrow will have crossed that threshold, triggering those talks. While trying to negotiate a deal, the Bengals could also place the fifth-year option on Burrow to further ensure he will stay with the organization for years to come.

Burrow’s rookie contract was a four-year, $36.2 million deal. In 2022, he earned around $5.5 million in cash, making him one of the biggest bargains in the league. That will soon change with this extension, which will probably put him in the realm of the highest-paid quarterbacks in the league.

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From an average annual value standpoint, Aaron Rodgers leads the position in 2023 with an AAV of $50.2 million. It is followed by Russell Wilson ($48.5 million), Kyler Murray ($46.1 million), Deshaun Watson ($46 million) and Patrick Mahomes ($45 million). Lamar Jackson will certainly factor into that equation and could increase Burrow’s price if he signs a new contract with the Baltimore Ravens as he is slated to reach free agency this offseason.

Meanwhile, Burrow’s opponent on Sunday in Josh Allen went through a similar scenario ahead of the 2021 season, which will see the Bengals quarterback line up this offseason. Buffalo exercised the five-year option on Allen’s rookie contract in May of this year and then in August signed him to a six-year, $258 million contract with $150 million fully guaranteed. As of 2023, Allen has an AAV of $43 million, currently sixth in the NFL.

Burrow has stated that he will to play his entire career with the Bengals and it appears that the property is doing everything possible to ensure this. That summer, Cincinnati settled on the naming rights for what was then Paul Brown Stadium. When he made this change to Paycor Stadium, owner Mike Brown told reporters at the time that the Organization sees “this train coming”referring to Burrow’s contract.

That additional revenue stream should help give the Bengals more funds to work with to secure Burrow’s future in Cincinnati long-term as the train Brown referenced last summer finally gets to the station this offseason .

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