How much is Mac Jones Contract?

Last Modified Sep 10, 2024 10:24 GMT
Tampa Bay Buccaneers v Jacksonville Jaguars
Tampa Bay Buccaneers v Jacksonville Jaguars

Michael McCorkle “Mac” Jones will play the 2024 NFL season with his hometown team, the Jacksonville Jaguars. Drafted by the New England Patriots, Jones has been traded by the franchise after just three years of into his rookie deal. After a stellar collegiate career that was filled with multiple awards to his name, Jones has had an uneven time in the NFL, partially due to an inconsistency at the offensive coordinator position for the team. Seen as the heir apparent to the legend Tom Brady, Jones had immense pressure from the moment he stepped foot into Foxborough Stadium. While the initial returns were stellar, his career has plateaued, albeit due, in part, to the rotating cast at the Offensive Coordinator position. Throughout the years, he has shown flashes of the immense talent he had for Alabama during his college days. His career at Alabama was thoroughly accolade-filled. In his redshirt freshman year, he would win the NCAA championship, although without significant contributions of his own. However, from there, he took off, once he got starter duties.

His 2020 season was one for the ages, as he set the NCAA record for the highest completion percentage at 77.4 while also having the highest career passing yard average at 11.0, basically guaranteeing a first down each trip. That stellar performance led to a First-team All-SEC selection, a Consensus All-American spot, and a long list of awards to his name. His leading the University of Alabama to the NCAA Championship once again set the stage for accolades like the Johnny Unitas Golden Arm Award, the Davey O’Brien Award, and the Manning Award. On the back of his college showing, the Patriots saw him as a successor to Brady and the first serving seemed to help those matters. He was drafted in the first round of the 2021 NFL Draft by the Patriots with the 15th overall pick. In his rookie season, as a starter, he would lead the team to a playoff appearance, earning an All-Rookie team selection, while also earning a spot in the Pro Bowl. He lost the Offensive Rookie of the Year race to Ja’Marr Chase but he had cemented himself in the NFL.

Also Read: Mac Jones Net Worth

Mac Jones Contract Breakdown

Mac Jones’ current four-year deal was first signed with the New England Patriots who drafted him in the 2021 NFL Draft. After having played three seasons with the Patriots, his base salary for the 2024-25 NFL season will be taken care of by the Jacksonville Jaguars.

Jones' four-year deal is worth $15,586,352 and came with a signing bonus of $8,695,528. Being his rookie contract, it is a fully guaranteed one and he will receive $2,785,412 as his base salary for the 202425 season while carrying a cap hit of $2,785,412 and a dead cap value of $2,785,412.

ContractSigning BonusAverage SalaryGTD at SignTotal GTD
4 yr(s) / $15,586,352$8,695,528$3,896,588$15,586,352$15,586,352
YearBase SalarySigning BonusCap HitDead CapYearly Cash
2021$660,000$2,173,882$2,833,882$15,586,352$9,355,528
2022$1,368,471$2,173,882$3,542,353$12,752,470$1,368,471
2023$2,076,941$2,173,882$4,250,823$9,210,117$2,076,941
2024$2,785,412$2,173,882$4,959,294$4,959,294$2,785,412

How much is Mac Jones getting paid?

Mac Jones’s current contract is earning him just a shade under $3,896,588 annually, on average. . In 2024, Jones will earn a base salary of $2,785,412, while carrying a cap hit of $2,785,412 and a dead cap value of $2,785,412.

How much money does Mac Jones make a minute?

His earnings from the entire four-year deal are nearly $15.5 million which earns him approximately $7.5 per minute. Mac Jones has a great contract, especially for a rookie deal.

How much of Mac Jones’s Contract is guaranteed?

Mac Jones is set to earn the entire $15,586,352 sum guaranteed. They ensure that the player receives a certain part of the contract money if they cannot play due to unforeseeable circumstances. A guaranteed sum ensures that a player gets paid even if they miss games due to injury, a decline in skill, off-field controversies, etc.

What are the terms of Mac Jones’s Contract?

Mac Jones’s contract is one without many clauses or offsets. The 4-year, $15,586,352 contract has the entire sum guaranteed to him based on the rookie nature of his deal. Further, a whole sum of $8,695,528 was made available to him back in 2021 as part of a signing bonus. The scale of his contract divides up to a shade under 4 million, with the exact sum clocking in at $3,896,588. Further, a 5th-year option is also available in case of an extension.

Mac Jones’s Contract History

Mac Jones is under his rookie contract with the New England Patriots. He has fifth year option available in his contract untill the 2025 season.

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FAQs

A. Mac Jones signed a contract for 4 years in 2021 and the 2024 season will be his last on his rookie deal. His contract does have a fifth-year option but that is not guaranteed. 

A. Mac Jones signed a 4-year contract worth $15,586,352 with the New England Patriots in 2021, which saw the entire sum of the contract be guaranteed, as is common for rookie-scale deals.

A. In the 2024 season, Mac Jones will make a shade over $2.7 million as his base salary. 

A. The 4-year, $15,586,352 contract that Mac Jones signed with the New England Patriots in 2021 is not a major chip for the Jaguars. In the 2024 season, Jones’ salary will account for a salary cap hit worth $2,785,412.

A. Mac Jones has a win-loss record of 18-24 in his NFL career as of March 2024.

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