Joe Burrow Net Worth, Salary, Endorsements, and Investments in 2024

Joe Burrow has become a standout in the NFL, and his financial achievements reflect that. As one of the highest-paid players in the league, Burrow’s net worth and earnings have surged over the years, making him a key figure in both football and finance.

Joe Burrow Quick Facts

What is Joe Burrow’s net worth in 2024?

In 2024, Joe Burrow’s net worth is estimated at $50 million, placing him among the wealthiest young NFL stars. Here’s how his net worth compares to other quarterbacks of his caliber:

• Justin Herbert: Net worth estimated at $25 million.
• Kyler Murray: Net worth around $40 million.
• Lamar Jackson: Estimated net worth of $40 million.
• Josh Allen: Worth approximately $70 million.

Despite a comparable age to these quarterbacks, Burrow’s $275 million contract and lucrative endorsement deals position him as one of the wealthiest NFL players today. His savvy financial decisions and high-profile performances continue to elevate his standing on and off the field.

What is Joe Burrow’s salary/income in 2024?

In 2024, Joe Burrow will earn an impressive $55 million per year thanks to his groundbreaking five-year, $275 million contract extension with the Cincinnati Bengals. This deal includes a $219.01 million guarantee, the highest in NFL history at the time of signing.

• Base salary: $10.7 million
• Signing bonus: $40 million
• Prorated bonus: $7.8 million
• Roster bonus: $11 million

Beyond his NFL salary, Burrow’s endorsement deals with major brands like Nike and Lordstown Motors add significant value to his annual income. Burrow said he saves all his contract money and lives solely off his endorsement earnings. This disciplined approach to managing his wealth highlights his financial foresight, setting him up for long-term success during and after his football career.

Joe Burrow’s Career Earnings Overview

As one of the highest-paid players in the NFL, Joe Burrow has established himself both on and off the field. With his record-breaking contracts and impressive performances, Burrow’s financial trajectory is a compelling story. His earnings have steadily climbed from his rookie contract to his recent $275 million extension in 2023, making him the highest-paid player in the league. This content from NFL Player Fortune breaks down the details of Burrow’s salary, contract structure, and financial outlook.

Joe Burrow’s Contract Breakdown

When Joe Burrow entered the NFL in 2020, he signed a four-year deal worth $36.19 million, fully guaranteed at signing. This included a $23.88 million signing bonus. However, the big leap in his career earnings came in 2023 when he signed a five-year, $275 million extension with the Cincinnati Bengals, securing $146.51 million in guaranteed money. This contract put him at an average annual salary of $55 million, surpassing other quarterbacks like Justin Herbert and Lamar Jackson.

Key Financials from the 2023 Contract:

• Total Value: $275 million
• Average Annual Salary (APY): $55 million
• Guaranteed at Signing: $146.51 million
• Guaranteed for Injury: $183.96 million

This contract ensures Burrow’s financial security through the 2029 season, with built-in performance bonuses and yearly payouts.

Salary and Cash Flow Over the Years

The real value of Burrow’s earnings comes in the yearly cash flow, which outlines how much he will receive annually through a combination of base salary, prorated bonuses, and roster bonuses. In 2024, Burrow is set to receive his largest single-year payout of $65.71 million, which includes his base salary of $10.71 million and a $11 million roster bonus.

Year-by-Year Breakdown:

• 2023: $40 million
• 2024: $65.71 million
• 2025: $35.25 million
• 2026: $35.25 million
• 2027: $37.25 million

With his signing bonuses and other performance incentives, these payouts set Burrow’s career earnings trajectory steeply upward. His projected career earnings by 2029 are estimated to be over $340 million.

Cap Impact and Salary Progression

Understanding Burrow’s salary cap impact is crucial for analyzing how his contract affects the Bengals financially. His 2024 cap hit is expected to be $29.55 million, representing 11.2% of the Bengals’ cap that year. As the contract progresses, this percentage grows, making Burrow one of the more impactful players on the Bengals’ cap.

Cap Hit by Year:

• 2023: $19.51 million (8.6% of cap)
• 2024: $29.55 million (11.2% of cap)
• 2025: $46.25 million (16.5% of cap)
• 2026: $48.25 million (16.6% of cap)
• 2027: $52.25 million (16.6% of cap)

Despite these large cap numbers, the Bengals benefit from the flexibility built into Burrow’s deal. The structure includes various options and roster bonuses that provide cap savings under certain conditions, allowing the team to manage its spending effectively.

Guaranteed Money and Contract Security

A crucial component of Burrow’s deal is the $146.51 million fully guaranteed at signing. This provides financial security for the player regardless of injuries or performance declines. The contract also includes $183.96 million in total injury protection, ensuring that Burrow remains financially secure even in the event of a career-altering injury.

Important Guarantees:

• 2023-2025 salaries are fully guaranteed at signing.
• 2026 salary becomes fully guaranteed on the 5th day of the 2025 league year.
• The 2027 salary is guaranteed on the 5th day of the 2027 league year.

These guarantees provide Burrow with stability and make his contract one of the most secure in the league.

Endorsements and Sponsorships

Beyond his NFL salary, Joe Burrow has secured lucrative endorsement deals that further bolster his earnings. Burrow has partnerships with major brands like Nike and Lordstown Motors, and he has indicated that he plans to live off his endorsement income while saving his contract earnings.

This savvy approach to managing his wealth, combined with his success on the field, has significantly enhanced his net worth. Burrow’s marketability, calm leadership style, and success in high-stakes games make him a highly sought-after figure for endorsements.

Investments and Financial Ventures

In addition to his contract and endorsements, Burrow has diversified his income through various investments. He recently purchased a 7,000-square-foot mansion in Cincinnati for $7.5 million, signaling his investment in real estate. He has also ventured into agriculture, joining a group of athletes to invest in a 104-acre farm in Iowa.

These financial ventures contribute to Burrow’s overall wealth and show his long-term strategy of diversifying his income streams beyond football.

Overview of Joe Burrow

Joe Burrow has become one of the most iconic quarterbacks in recent NFL history. Known for his leadership, calm demeanor under pressure, and exceptional skills, Burrow has become a cornerstone of the Cincinnati Bengals.

From his early years through to his record-breaking career in college and the NFL, Burrow’s journey is one of resilience and success.

As the first overall pick in the 2020 NFL Draft, his performance has only grown stronger, leading the Bengals to their first Super Bowl appearance in 34 years.

His career earnings, major endorsement deals, and massive contract extension make Burrow a household name and a financial powerhouse in the NFL.

Early Life

Born on December 10, 1996, in Ames, Iowa, Joe Burrow was destined for a career in sports. His father, Jim Burrow, played a significant role in shaping his athletic journey, having been a college football coach and a former player.

Burrow’s family is steeped in sports tradition. His paternal grandmother once set a high school basketball record, and his uncle played football at Ole Miss. These influences helped shape Burrow’s competitive spirit from a young age.

Burrow moved around due to his father’s coaching career, living in states like North Dakota and Ohio. His love for football started early.

By the time he attended Athens High School in Ohio, Burrow was already making waves as a standout player.

He led his team to three consecutive playoff appearances and earned Ohio’s Mr. Football Award in 2014. His early achievements laid the foundation for his later college and NFL successes.

College Career

Joe Burrow’s journey through college football began at Ohio State, where he spent his early years as a backup to J.T. Barrett. Despite limited playing time, Burrow demonstrated potential, completing 29 of 39 passes for 287 yards and two touchdowns over two seasons. However, seeking more opportunities to start, Burrow transferred to Louisiana State University (LSU) in 2018.

At LSU, Burrow’s career skyrocketed. In his first year, he showed promise by leading the team to a 10-3 record. But it was in his senior year in 2019 that Burrow cemented his legacy. He led LSU to an undefeated season, culminating in a National Championship victory. His incredible performance that year, which included 60 passing touchdowns and 5,671 passing yards, earned him the Heisman Trophy and several other accolades. Burrow’s ability to read defenses, accuracy, and leadership on the field made him one of the most highly sought-after prospects in NFL history.

College Statistics

During his time at LSU, Joe Burrow put up some staggering numbers:

• Passing yards: 5,671 (2019 season)
• Touchdowns: 60 (2019 season, breaking the FBS record)
• Completion percentage: 76.3%
• Rushing yards: 399 (2018 season)

Burrow’s 2019 season is often considered one of the best in college football history. His ability to make plays in the air and on the ground made him a dual-threat quarterback. The records he set at LSU boosted his draft stock and helped transform LSU into a powerhouse during his tenure.

Awards and Honors

Burrow has accumulated many awards and honors throughout his career, both in college and the NFL. Some of the most notable include:

• Heisman Trophy (2019)
• College Football Playoff National Championship Offensive MVP (2020)
• NFL Comeback Player of the Year (2021)
• Pro Bowl Selection (2022)
• FedEx Air Player of the Year (2022)
• SEC Offensive Player of the Year (2019)

In addition to these individual awards, Burrow has led his teams to several significant victories, including guiding the Bengals to the AFC Championship and an appearance in Super Bowl LVI.

Professional Career

Joe Burrow entered the NFL with enormous expectations. Drafted first overall by the Cincinnati Bengals in 2020, Burrow quickly proved why he was such a highly valued player. His rookie season was cut short by a knee injury, but he still managed to make an impact, throwing 2,688 yards and 13 touchdowns in just 10 games.

Burrow’s return in 2021 was nothing short of spectacular. He led the Bengals to a Super Bowl appearance, breaking the franchise’s long playoff drought. Burrow’s ability to perform in high-pressure situations earned him the nickname “Joe Cool.“

In 2023, Burrow signed a five-year, $275 million contract extension, including $219.01 million guaranteed, making him the highest-paid player in NFL history. His endorsements with Nike and Lordstown Motors further contribute to his financial success. As of 2024, Burrow’s career earnings are projected to exceed $340 million by the end of his contract.

NFL Career Statistics

Over his NFL career, Burrow has consistently put up impressive numbers:

• Passing yards: 15,842
• Touchdowns: 111
• Interceptions: 39
• Completion percentage: 68.2%
• Rushing yards: 696

His performance in critical games, such as leading the Bengals to their first Super Bowl appearance since 1988, highlights his ability to perform under pressure. Burrow’s precision, combined with his leadership, has made him a top-tier quarterback in the NFL.

NFL Records

Joe Burrow has already set several records in his short NFL career:

• Most completions by a rookie in a single game: 37 completions
• Highest career completion percentage: 68.3%
• Bengals franchise record for passing yards in a single game: 525 yards
• Most passing touchdowns in a single season for the Bengals: 35 touchdowns
• First Bengals quarterback to lead the team to consecutive AFC Championship appearances

These records testify to Burrow’s consistency, accuracy, and leadership on the field.

Personal Life

Joe Burrow has a relatively low-key personal life off the field, but his impact goes beyond football. He is known for his charitable efforts, particularly after his Heisman Trophy speech, where he highlighted the poverty in his hometown of Athens, Ohio. This speech led to over $450,000 in donations to the local food bank.

In 2023, Burrow expanded his financial portfolio by purchasing a 7,000-square-foot mansion in Cincinnati valued at $7.5 million. He also made headlines for investing in a 104-acre farm in Iowa, showcasing his diverse financial interests.

Burrow’s off-field activities, including his support for various charities and his interest in investments, reflect his thoughtful approach to his career and finances. His ability to manage his wealth and his success on the field position him as a role model for young athletes.

Conclusion:

Joe Burrow’s financial success continues to grow as he cements his legacy in the NFL. If you enjoyed this analysis, please share your thoughts in the comments and explore more content at nflplayerfortune.com for further insights into NFL players’ fortunes.