Former NFL Agent Weighs in on Possible Joe Burrow Contract Extension

The Bengals are hoping to sign the 26-year-old to a long-term deal this offseason.

CINCINNATI — Bengals quarterback Joe Burrow has two years left on his contract after the franchise exercised his fifth-year option earlier this offseason. 

The franchise is hoping to sign him to a long-term extension at some point in the near future. Former NFL agent Joel Corry believes the Bengals are going to have to change the way they structure their contracts to get a deal done with Burrow. 

"The Bengals will surely need to establish a new contract precedent by giving Burrow traditional salary guarantees in order to get a deal done," Corry wrote. "Cincinnati is in the dark ages when it comes to structuring contracts for veteran players. The only guaranteed money in Cincinnati veteran contracts is a signing bonus and a roster bonus payable within a few days of signing. The bigger deals contain a third or fifth day of the league year roster bonus in the second and third years. The roster bonuses are supposed to be substitutes for additional contract guarantees. The overall guarantees in Bengals contracts are less than comparable deals on other teams."

It's unclear how long Burrow's extension will be. A four or five-year extension seems like it could be the most likely outcome, especially after the Jalen Hurts and Lamar Jackson contracts. 

"The Bengals seemingly have been preparing to give Burrow a contract with a conventional structure," Corry wrote. "The naming rights to Paul Brown Stadium were sold to Paycor, a Cincinnati-based company specializing in human resources software last August. Additional team sponsors have also been added.

"These moves will make it easier for the Bengals to comply with the NFL's archaic funding requirements that should come into play for a Burrow contract. Teams are essentially required to put into an escrow account the amount of any guarantees in a contract other than those just for injury, including ones in future contract years."

Corry looked at some of the former first round picks in the 2020 NFL Draft class that could get big deals from their respective teams this offseason. Check out the entire list here. 

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