Jacksonville Jaguars quarterback Trevor Lawrence is still without an extension. While he has a guaranteed contract up to 2025 after the Jags picked up their 2025 option on the former Clemson Tigers star signal-caller back in 2024 — worth $25.6 million — Lawrence is now eligible to sign a long-term extension.

No offer has been put on the table that Lawrence can put ink on, but the two sides seem to be working on it. The 2024 NFL season is still months away, but it's ideal for the team to get a deal done before training camp, just to close the book on one major offseason narrative and let the team focus a hundred percent on preparing for the upcoming campaign.

It is a waiting game for Trevor Lawrence 

Jacksonville Jaguars quarterback Trevor Lawrence (16) throws during pre-game warmups against the Tennessee Titans at Nissan Stadium.
© Steve Roberts-USA TODAY Sports

All that being said, Ian Rapoport of the NFL Network seemed to suggest that waiting a little bit longer for an extension from the Jaguars could end up benefiting Trevor Lawrence more. For one, seeing how much Tua Tagovailoa could potentially get from the Miami Dolphins could help Lawrence negotiate for an even bigger salary.

“There is some benefit to Lawrence from to sit back and say, you know what, let me just wait. Maybe Tua [Tagovailoa] who for sure has wanted an extension done this spring. That certainly is still possible, Rapoport said.

“Could there be something done in the next couple of days? These things can turn on a dime. It is all up in the air. It is all certainly possible there. And for Trevor Lawrence to sit back, see what Tua got, then really get to work on his own deal that could benefit them. But I do think the two sides will probably end up being kind of around where the other is in the end.”

Tagovailoa has no contractual commitment to the Dolphins past the 2024 NFL season at the moment. He will be earning $23.171 million for the 2024 NFL season off of a club option that Miami picked up back in 2023. For what it's worth, Tagovailoa's calculated market value according to Spotrac is at $198.579 million spread through four years. That comes out with an average annual salary of $49.6 million. Lawrence, on the other hand, has a calculated market value from Spotrac amounting to a staggering $278.558 million over the course of six years. It has an average annual value of $46.4 million.

Lawrence has recently voiced out his mindset amid the contract noise in the background, saying that he's still all about doing his job for the Jaguars.

“That's why I pay people and hire people to do that for me. That's not my job. Obviously, I know what's going on. I'm aware of the situation. I think that's important, too. But, I try to keep all my focus and energy on being the best player I can be to help us win,” the Jaguars quarterback declared,” the top pick overall in the 2021 NFL Draft said recently.

That jury could still be out on Trevor Lawrence, but he's never recorded a losing record in either of the last two seasons. The 24-year-old quarterback went 9-8 in 2022 when he earned a Pro Bowl nod and was 8-8 in 2023. Over those two years, which were both under Doc Pederson, Lawrence amassed a total of 8,129 passing yards with 46 touchdowns against 22 interceptions along with a 65.9 percent completion rate.