Jacksonville Jaguars quarterback Trevor Lawrence has agreed a five-year contract extension worth a reported $275m (£216m), according to NFL Network Insider.

The deal is reported, external to be worth $55 million (£43m) per year with $200 million (£157m) guaranteed, which would make the 24-year-old the joint-highest earning quarterback alongside the Cincinnati Bengals’ Joe Burrow.

Lawrence, the number one overall pick in the 2021 NFL Draft, would have played the 2024 season for $5.6 million (£4.4m) on a rookie deal if no long-term agreement had been reached.

In 2023 Lawrence threw for 4,016 yards, 21 touchdowns and 14 interceptions, but despite an impressive start to the season the Jaguars missed out on the play-offs.

He had said he wanted his contract extension done before the start of the Jaguars’ training camp,, external having been a key player since his NFL debut in 2021.