The Fins and Tagovailoa have agreed to a four-year, $212.4 million contract extension with $167.1 million guaranteed, as reported by NFL Network Insiders Ian Rapoport and Mike Garafolo. This new deal, worth $53.1 million per year, is the second-largest four-year agreement in NFL history, just behind the $55 million per year on Jordan Love’s four-year contract and the five-year contracts of Joe Burrow and Trevor Lawrence.
Tagovailoa, an Ewa Beach native and Saint Louis alumnus, becomes the third-highest paid quarterback in the NFL with this extension. His contract includes incentives based on playoff wins and performance, potentially increasing his earnings to $55.35 million per year, with a maximum total value of $221.4 million.
This contract is the biggest ever signed by a professional athlete from Hawaii, both in total value and average annual earnings. Prior to this new deal, Tagovailoa was in the final year of his rookie contract. The new agreement marks the largest four-year contract in NFL history and the most lucrative deal ever given by the Dolphins.
Tagovailoa partially participated in the first couple of days of training camp but was full-bore during Friday’s session, indicating negotiations were progressing well.
The Miami Dolphins’ 2024 season begins on Sept. 8 with a Week 1 game against the Jacksonville Jaguars.
