After signing with the Bengals, Joe was limited to a small salary, as does every other rookie in the NFL.
In 2020, his base pay was $610,000 with a total cap of $6.58 million; in 2021, it was $2.25 million with a total cap of $8.2 million;
in 2022, it was $3.9 million with a total top of $9.87 million; and in 2023, it was expected to be $5.5 million with a total cap of $11.5 million.
After the expiry of his rookie contract, Joe might be offered an extension for a whopping $408 Million on an 8-year deal with $142.6 million fully guaranteed and $240 million in total guarantees.
This exchange will make him the highest-paid quarterback in NFL history.
How much does Joe Burrow make a year? $55 million a year
Cincinnati Bengals quarterback Joe Burrow became the highest-paid player in the NFL on Thursday, agreeing to a five-year, $275 million contract extension according to a person familiar with the deal.
The contract includes more than $219 million guaranteed, said the person, who spoke on condition of anonymity because it hadn’t been announced.
Joe Burrow’s Other Sources of Income Apart from his endorsements and salary, Joe also makes certain amounts of money through appearances,
social media posts, licensing, memorabilia and bonuses. Burrow makes an estimate of around $3K USD- $30K USD per post on Instagram.