The Miami Dolphins have agreed with quarterback Tua Tagovailoa on a four-year contract extension valued at a franchise-record 212.4 million, a person with knowledge of the deal said Friday.
At an average of 53.1 million per year, Tagovailoa will rank third in the NFL in quarterback pay behind Jacksonville's Trevor Lawrence and Cincinnati's Joe Burrow. The deal includes 167 million guaranteed, eighth most among quarterbacks, said the person, who spoke on condition of anonymity because they were not at liberty to publicy discuss the details.
ESPN first reported the extension, attributing the terms to the agency that represents Tagovailoa, Athletes First.
The Dolphins did not announce the extension, though the team did post a video of Tagovailoa on social media Friday afternoon.
Tagovailoa was still playing under the contract he signed when the Dolphins made him the fifth overall selection of the 2020 draft. Tagovailoa was looking for a contract similar to those signed by Burrow and Justin Herbert, who were drafted the same year. After their rookie deals, Burrow and Herbert signed multiyear contracts in excess of 200 million.
