Justin Herbert's new deal may impact negotiations between Jaguars and Trevor Lawrence

• Justin Herbert just got a 5-year extension worth $262.5M from the LA Chargers

• Herbert's recent deal might impact negociations between the Jacksonville Jaguars and Trevor Lawrence

Chargers quarterback Justin Herbert looks to throw during the first quarter of an NFL first round
Chargers quarterback Justin Herbert looks to throw during the first quarter of an NFL first round / Corey Perrine / USA TODAY NETWORK

Dallas Cowboys cornerback Trevon Diggs made headlines early Tuesday when he inked a five-year extension worth $97 million. But that was just the first of a handful of deals that took place on the same day. Not to be left behind, running back Saquon Barkley reported to New York Giants training camp and agreed to a new one-year deal that paid him a bit more than the franchise tag. However, the best deal was yet to come and that's one that could potentially impact contract talks between the Jacksonville Jaguars and Trevor Lawrence.

Tuesday evening, news surfaced that Los Angeles Chargers quarterback had struck a five-year, $262.5 million contract extension that runs through 2029. While Herbert hasn't won a playoff game throughout his career, he's managed to keep the Bolts afloat and gives them a chance to come on top week in and week out, which is precisely what you want from your franchise quarterback.

While it's Herbert's place as a top passer in the league is up for debate, the quarterback market doesn't reward the best players at the position. Instead, whoever's up next for a new contract next usually gets to get the highest possible deal.

This is why you'll often see non-elite quarterbacks set the market. Nobody will think of Derek Carr or Kirk Cousins as top-echelon. Yet, they both managed to get premium contracts in the late 2010s. Then again, neither one held the claim of being the highest-paid quarterback too long as someone else got a better deal not long after, and that's the thing.

The demand for good (not even great) quarterbacks outweighs the supply, so teams are willing to pay a premium at the position. This is why will see new signal-caller becoming the highest-paid at the position even if they're not the best.

Of course, there are exceptions to the rule (and exceptions to the exception). Patrick Mahomes comes to mind. He's willing to "take a discount" to ensure the Kansas City Chiefs have enough money to spend at other positions. Having said that, it's not the quarterback's responsibility to manage the cap. That falls on the front office's shoulders. In the Jags' case, that would be Trent Baalke, who will be one of many people that will handle negotiations with Trevor Lawrence.

Jaguars QB Trevor Lawrence is next in line to get paid and he's eligible in 2024

After Herbert, Joe Burrow will probably be the next quarterback that will get paid. An extension could come at any time in the upcoming months, and the longer the Cincinnati Bengals wait to lock him up, the more they'll need to pay him, that's why clubs try to secure their franchise signal-caller as soon as they can, and that's something the Jags should consider doing when Trevor Lawrence becomes eligible for a contract in 2024.

Just before the draft, B&T attended a media session put together by The 33rd Team in which former general managers Rick Spielman and Mike Tannenbaum projected Lawrence to get $55 million annually in his next contract. Based on how the market is unfolding, that seems like an accurate estimate.

Even though there's a chance Lawrence could agree to a discount, nobody should blame him if he asks for a top-market contract. He could use Herbert's new deal (or Burrow's if he signs) as a baseline to get an extension done but whatever amount he requests, the Jacksonville Jaguars should gladly oblige. After all, they have found their franchise quarterback, they cannot afford to let him walk now.

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