DONE: The agreement has been finalized: signing for $160 million is now official.

Green Bay Packers head coach Matt LaFleur talks about defensive coordinator Jeff Hafley during a press conference Thursday, February 22, 2024, at Lambeau Field in Green Bay, Wis. Dan Powers/USA TODAY NETWORK-Wisconsin.

Could Jordan Love and Dak Prescott command $60 million a year? The NFL quarterback market seems poised for another surge, with a new wave of lucrative contracts looming on the horizon.

Trevor Lawrence of the Jacksonville Jaguars, Jordan Love of the Green Bay Packers, and Tua Tagovailoa of the Miami Dolphins are all eyeing their first nine-figure deals, while Dak Prescott of the Dallas Cowboys is in talks for a substantial extension. Additionally, Josh Allen of the Buffalo Bills may also look to renegotiate his contract to keep pace with the escalating market.

The recent four-year, $212 million deal signed by Detroit Lions quarterback Jared Goff has set a significant precedent, with $170 million guaranteed. This agreement is likely to serve as a reference point for upcoming negotiations, especially considering the market shift in 2023, when four quarterback contracts surpassed $50 million annually and two reached $40 million per year.

The quarterback market began to shift notably in 2018 when Matt Ryan signed a groundbreaking five-year, $150 million contract with the Atlanta Falcons, making him the first quarterback to earn $30 million annually. However, such a deal now ranks relatively lower in comparison, illustrating the rapid inflation in quarterback salaries.

While the rising salary cap certainly plays a role, the surge in quarterback salaries can be attributed to the increasing significance of the position in the passing-dominated era. As quarterbacks continue to assert their value, negotiations have evolved into a game of one-upmanship, as seen in the recent record-breaking extensions for Jalen Hurts, Lamar Jackson, Justin Herbert, and Joe Burrow.

With these factors in mind, it’s conceivable that quarterbacks like Jordan Love and Dak Prescott could enter the $60 million per year territory in the next wave of contracts, further pushing the limits of the quarterback market.

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