NFL insider believes Jordan Love could be on verge of record-shattering extension

Could Jordan Love become the first QB to hit $60 million?
Green Bay Packers quarterback Jordan Love
Green Bay Packers quarterback Jordan Love / Stacy Revere/GettyImages

The Green Bay Packers hope to sign Jordan Love to a contract extension before training camp begins in four weeks.

Love will almost certainly become one of the NFL's top-five earners at the quarterback position, but how much exactly will he make? Trevor Lawrence raised the bar by signing an extension worth $55 million annually, which could become the starting point of negotiations between the Packers and Love.

Love reached an MVP level by the end of last season and threw more touchdown passes than Lawrence in any of his three seasons in the league, so he certainly has a case to at least match that deal.

And it won't be surprising if Love's extension shatters the NFL record.

Packers' Jordan Love among 'most likely' players to earn $60 million per year

Joe Burrow and Lawrence share the NFL record with a $55 million salary. It's only a matter of time before another quarterback raises the bar.

Mike Florio of ProFootballTalk ranked the quarterbacks most likely to land the first $60 million-per-year contract. Love is second on the list, behind only Dak Prescott.

"With $11 million in cash due for 2024, a five-year, $300 million extension would have a new-money average of $60 million — and a total-money average of $51.83 million over six years," writes Florio. "If they're truly sold on Love (and if they can construct the contract to give them an out after two or three years), it wouldn't be a shock if he gets to $60 million first."

The Packers are in a unique position with a big decision ahead. Giving Love three years to sit on the bench and develop has worked to perfection. The former first-round pick wasn't ready to start earlier in his career. However, the downside is that Love could potentially be the highest-paid quarterback in the league after only one full season as the QB1.

Midway through the season, many Packers fans were ready to move on and draft Love's replacement. Now, he could set a new NFL record with an unbelievable new contract.

Florio is right—Love absolutely could land a $60 million salary. We can safely assume the new deal will be well above $50 million and likely at least in the range of Lawrence's $55 million.

If the Packers are willing to go above Lawrence's extension, a jump to $60 million isn't outside the realm of possibility.

The structure is key, but handing a historic contract to a quarterback based on one full season would come with some risks. But if the Packers believe in Love, why not? He reached an MVP level in the final eight games (and two playoff contests) last season.

If that's a sign of what's to come, a deal worth $60 million per year will soon look like a bargain.

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