Update On Burrow's Extension

[KillerGoose]

(05-21-2023, 10:34 PM)bfine32 Wrote: Total speculation, but at least it's about the Burrow extension:
https://bleacherreport.com/articles/10076797-pft-joe-burrow-most-likely-to-be-1st-nfl-qb-get-contract-protection-based-on-cap?src=rss
Pat Kirwan has always asked when this will happen and why it hasn't yet. 

This would be a fantastic deal for Burrow. I wonder if the reason it hasn't happened yet is because it isn't as advantageous for franchises? For instance, looking at Mahomes' contract, he will have a $44MM cap hit in 2026. If the Chiefs keep his contract as is, that is likely to be a massive bargain at that point. Hell, it already is, really. 

It would allow Burrow to do something like 22%-23% of cap, which would seem very fair initially from an AAV standpoint but he would probably pretty consistently be one of the highest paid QB's in the league, if not the highest paid. For example, 23% of cap this year would $51MM. Next year, with a projected cap of $256MM, his value would go up to $59MM. In reality, his extension would kick in during the 2025 season, where his value would be $62MM AAV with a projected cap of $272MM. 

It all just depends on what percentage Burrow would ask for. He could go lower and it would feel like a bargain initially but then he would pretty quickly rise to being one of the highest paid.