Jags, Trevor Lawrence agree on 5-year, $275M extension

This browser does not support the video element.

JACKSONVILLE, Fla. — The long-awaited deal is done. On Thursday, the Jaguars and quarterback Trevor Lawrence agreed on a five-year, $275 million contract extension.

>>> STREAM ACTION NEWS JAX LIVE <<<

It’s a record-breaking deal that came just months after the Jags got one done with Josh Allen.

In April, the outside linebacker signed a deal worth $150 million over 5 years. It made him the first $100 million player in franchise history. Lawrence tops Allen’s record-setting deal, becoming the first player to have a $200 million contract in Jaguars history.

[DOWNLOAD: Free Action News Jax app for alerts as news breaks]

If you break it down, the contract includes $200 million guaranteed and $142 million at signing. Lawrence received a $37.5 million signing bonus and is expected to make $55 million annually.

The deal starts in 2026, meaning Lawrence will be under contract through 2030, making him the face of the franchise for the 2020 decade.

Action Sports Jax Brent Martineau and Marcel Robinson hoped on the Action Sports Jax 24/7 network moments after the news broke to discuss the deal, the commitment it proves to Trevor, if this could have leverage in the Stadium Deal, as well as discussing your comments. CLICK HERE to watch the live coverage.

[SIGN UP: Action News Jax Daily Headlines Newsletter]

Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.