Quarterback Justin Herbert signed a new five-year deal with the Los Angeles Chargers, keeping him on until 2029. Sources reported on Tuesday that the deal is worth $262.5 million.
Included in the contract is a no-trade clause along with $133.7 million in full guarantees and $193.7 million in injury guarantees. While the team itself announced a new multiyear agreement with Herbert, no specific terms were disclosed in the statement.
Based on its average annual value of $52.5 million, this contract makes Herbert the highest-paid quarterback in NFL history. He has proven to be a crucial part of the Chargers’ roster since being drafted in 2020, helping the franchise to its first playoff appearance last year since 2018.
During his three seasons in Los Angeles, Herbert completed 1,316 career passes, the most in history for any player’s first three seasons. He has thrown 94 career touchdowns, which includes three straight seasons with 25 or more touchdown passes.
“I sleep better at night knowing we have a franchise quarterback,” Chargers general manager Tom Telesco said of Herbert. “He’s done so much already in his young career, yet we all know there’s still a lot there because of his commitment to the game.”
