Tua Tagovailoa contract extension: Where does Dolphins' QB rank after $212,400,000 blockbuster deal?

Tua Tagovailoa signed a four-year, $212.4 million contract extension with the Miami Dolphins, Ian Rapoport of the NFL Network announced on Thursday. As part of the deal, the left-handed slinger will reportedly receive $167 million in guaranteed money.

Tagovailoa will also become one of the highest-paid players in the NFL heading into the upcoming season. The Dolphins drafted Tagovailoa with the No. 5 pick in the 2020 NFL draft. Across four seasons with the team thus far, the signal-caller has racked up 12,639 passing yards and 81 touchdowns. He has also posted six rushing touchdowns across 53 games.

Tagovailoa's contract extension with the Dolphins comes on the back of a fabulous last season with the franchise. Last season, he led the league in passing yards and earned his first Pro Bowl honor.

Top 5 highest-paid NFL players in 2024 after Tua Tagovailoa's bumper contract extension with Miami Dolphins

Miami Dolphins QB Tua Tagovailoa (Source: Imagn)

#1. Joe Burrow ($55 million annual average value)

Burrow signed a five-year, $275 million contract extension with the Cincinnati Bengals before last season. He became the first quarterback to hit $55 million in average annual value and remains the top in that category heading into the upcoming season.

#2. Tua Tagovailoa ($53.1 million annual average value)

Taguvailoa's new deal with the Dolphins will lift him to second on the list of highest-paid quarterbacks in the NFL before the upcoming season. The quarterback's lucrative contract has a $53.1 million annual average value.

#3. Jared Goff ($53 million annual average value)

Goff signed a four-year, $212 million extension with the Detroit Lions earlier this year, worth $53 million in annual average value. His deal was announced only a few months after leading the Lions to their first NFC championship game.

#4. Patrick Mahomes ($52.65 million annual average value)

After winning the second of his three Super Bowls in 2023, Mahomes restructured the 10-year, $450 million contract he initially signed with the Kansas City Chiefs in 2020. Mahomes' contract holds a $52.65 million annual average value with the restructured deal.

#5. Justin Herbert ($52.5 million annual average value)

Herbert signed a five-year, $262.5 million extension with the Los Angeles Chargers before entering the 2023 season. His contract makes him the fifth highest-paid player in the NFL this year, with a $52.5 million annual value.