Justin Herbert Contract: Highest Paid QB, Chargers Salary Cap, Odds
With just six weeks left until the start of the 2023-24 NFL season and teams reporting to training camp, the excitement is continuing to build. That includes players signing contracts ahead of camp and the preseason, with a significant one happening just today. That would be QB Justin Herbert of the Los Angeles Chargers becoming the highest-paid player on an annual basis.
Below, we’ve broken down the new Justin Herbert contract, how it affects the Chargers futures markets and how you can take advantage of those odds with a guaranteed $150 DraftKings Sportsbook sign-up bonus.
Click here to sign up at DraftKings for a guaranteed $150 bonus with a $5+ bet on anything, such as the Chargers futures markets following the new Justin Herbert contract.
Justin Herbert's New Contract Details Worth $262.5 Million Over 5 Years
Following an era led by QBs Tom Brady and Peyton Manning, the new wave of QBs entered the league with the likes of Patrick Mahomes, Jalen Hurts, Joe Burrow, Lamar Jackson and Justin Herbert, just to name a few. It’s clear that the Chargers are sold on the gunslinger as well with the news of the Justin Herbert contract.
Today, Herbert agreed to a five-year extension with LA worth $262.5 million. Of that amount, $133.7 million is guaranteed, which can increase to $218.7 million guaranteed. There is also $193.7 million in injury guarantees and a no-trade clause in the new Justin Herbert contract, which Chargers fans will certainly be happy to hear.
Justin Herbert is Now the Highest Paid QB in the NFL & is Getting $100M in Year 1
Although it’s not the highest contract in terms of overall money, the Justin Herbert contract does make him the highest-paid player on an annual basis. He’ll be making $52.5 million per year. For perspective, Jalen Hurts of the Philadelphia Eagles and Lamar Jackson of the Baltimore Ravens are the best comparisons.
Those two star QBs also signed new contracts this summer. Hurts will be making $51 million per year, while Jackson is set to make $52 million per year. This solidifies our aforementioned point that the league truly is in a new era of young QBs. The Justin Herbert contract is just the next in line as money continues to increase year by year.
Updated Chargers Salary Cap & Odds to Win the AFC West
As mentioned, more and more money continues to be earned by NFL players, so it’s always important to keep an eye on teams’ salary cap. Prior to the Justin Herbert contract, the team had $10.7 million in cap space. The QB was already set to make $8.4 million this year and $29.5 million if he picked up his fifth-year option next year, so the Justin Herbert contract won’t have much of an impact until 2025.
In terms of the Chargers odds to win the AFC West, those odds remain largely unchanged. That’s because the expectation was for a Justin Herbert contract to be solidified. At DraftKings Sportsbook, LA is currently listed at +340 odds to win the division. As expected, that is behind only the Kansas City Chiefs, who are significant -165 favorites to win the AFC West.
How to Bet on the Los Angeles Chargers at DraftKings & Win $150 on Any Bet Instantly
Such great plus-money odds on the Chargers to win the AFC West even following the Justin Herbert contract provide a great opportunity to take advantage of the newest DraftKings sign-up bonus. They’re providing new members with a guaranteed $150 bonus, and here’s how to claim yours:
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It’s as simple as that. For just placing your $5+ bet, you’ll instantly win $150 in bonus bets; your wager doesn’t even need to win! Since there’s also no DraftKings promo code required, you can sign up here to get started in just a few clicks.
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