A source tells ESPN’s Adam Schefter that Kyler Murray has signed a five-year contract worth $230.5 million, making him one of the NFL’s highest-paid quarterbacks.
According to Schefter’s source, the contract includes $160 million in guaranteed injury payments through the 2028 season. Sources tell Sports Illustrated that Murray will receive a total of $105 million, which is guaranteed upon signing the contract.
The average annual value of Murray’s contract is $46.1 million, which is second only to Packers quarterback Aaron Rodgers’ $50.3 million contract. Deshaun Watson’s contract with the Cleveland Browns is worth an average of $46 million per year, while Patrick Mahomes’ contract with the Kansas City Chiefs is worth an average of $45 million per year.
A $230 million, fully-guaranteed contract with the Cleveland Browns ranks as the only other deal in NFL history that guarantees more money than Murray’s.
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On Thursday, the Cardinals announced Murray’s five-year contract extension, but they did not reveal the parameters of the deal. Others, including freshly acquired wide receiver Marquise “Hollywood” Brown and star safety Budda Baker, thanked Murray through Twitter.
According to Schefter, Murray’s agent Erik Burkhardt and Cardinals general manager Steve Keim negotiated the contract into the night Wednesday before finalizing it Thursday morning.
After the Cardinals exercised their fifth-year option on Murray’s rookie contract in April, the 24-year-old was already under contract through the 2023 season.
Long-term Arizona plans for 2018 Heisman Trophy winner Kyle Murray became hazy earlier this year when he deleted all but two posts from his Instagram profile after the Pro Bowl: one from his time as a Sooner in 2018 and one from the Pro Bowl in 2019.
There is “zero chance” that Murray will leave the team, according to Keim, who said earlier this year that a long-term deal may be finalized this summer after the team had a chance to “take a deep breath and sort of refocusing” following free agency and this year’s NFL draught.
Since he was selected first overall in 2019 by the Cardinals, Murray has established himself as one of the NFL’s most promising young quarterbacks. While setting records, he led the Cardinals to year-over-year growth, going from five victories this year to eight next year and 11 in 2021.
Kyler Murray and the Cardinals are locked in for the foreseeable future thanks to a new five-year, $230.5 million deal. https://t.co/J15ZAwX7oq
— Complex Sports (@ComplexSports) July 21, 2022
At least 70 throwing touchdowns, 20 running touchdowns, 3,500 yards passing, and 400 rushing yards in his first three seasons is the first time in NFL history that someone has achieved this feat. The first-year player’s completion percentage of 66.86 is the greatest in his career.
Offensive Rookie of Year in 2019 and Pro Bowler in each of the last two seasons were also accolades for Murray.
A six-game losing streak at the end of the season, including two win-and-you’re-in playoff games, cost Arizona in 2020. Murray was out for much of the second half of the 2020 season because of an ankle injury, and he spent the offseason blaming himself for the Cardinals’ failure to make the playoffs.
It seemed as if Cardinals difficulties had been solved by the end of 2020 in 2021. They were 7-0 at the outset, and Murray was a serious contender for the MVP award. Arizona finished the season 4-6 and lost to the Los Angeles Rams in the NFC wild-card stage after he was sidelined for three games with an ankle injury.