Getty Detroit Lions quarterback Jared Goff appeared to challenge his teammates while speaking to the media on November 7th.
The Detroit Lions face an impending decision on quarterback Jared Goff, and one analysis has him headed for a long-term commitment and a significant payday.
Goff’s contract expires after the 2024 season, but the Lions have already begun discussions about a contract extension and reported some progress. With Goff putting together two strong seasons since joining in 2021 and positioning the Lions for the playoffs, Spotrac is predicting a contract extension worth over $200 million.
Jared Goff is expected to earn $40 million per year
As Spotrac’s Michael Ginnitti noted, Goff is on track to earn a contract just below major league quarterbacks. He predicted that Goff would mesh well with division opponent Kirk Cousins, as both were expected to sign new contracts worth $40 million per year.
Ginnitti noted that at the time Goff signed his current deal with the Los Angeles Rams, his $33.5 million per year represented 17.8% of the salary cap. Under the expanded cap, that would be $40 million per year.
“If Detroit were to sign him to a contract extension now (not a terrible idea, by the way), 17.8% of the current cap equates to almost exactly $40 million per year,” Ginnitti wrote. “Should the cap rise to $245 million next March, his assumed price could rise to nearly $44 million per year. Let’s not think about it too much and split the difference.”
Sportrac predicted the Lions would retain Goff with a five-year deal worth a total of $210 million and $168 million guaranteed.
The Lions openly expressed their desire to sign a new contract with Goff. General manager Brad Holmes gave an update in a September interview with Dave Birkett of the Detroit Free Press, saying both sides are committed to finding the right number.
“We’ve had an open dialogue with their agents at the camp and I think the transparency has been good, so we’ll see how it goes,” Holmes said.
Lions are faced with a decision on another quarterback
If the Lions do end up giving Goff a long-term contract extension, they could be forced to make another big decision. The team took Tennessee quarterback Hendon Hooker in the third round of this year’s NFL Draft, a highly touted quarterback who some insiders believed could one day take over the role of starter.
Former NFL general manager Randy Mueller believes Goff’s outstanding season could lead the Lions to consider trading Hooker. Writing for The Athletic, Mueller noted that Hooker is still viewed as a potential star even if he sits out his rookie season after suffering a torn ACL during his final season at Tennessee.
“Last year, during my draft preparation, I saw a QB who, after a full evaluation, I thought was a possible NFL starter,” Mueller wrote. “Hendon Hooker from the University of Tennessee showed me arm talent, good athletic ability, processing ability and NFL accuracy. He threw with enough timing and anticipation that I included him in my top five QBs for the 2023 NFL Draft.”
Hooker’s potential, coupled with Goff’s solidification of his status as Detroit’s quarterback of the future, could motivate a team to make a trade offer for Hooker, Mueller wrote.
“Jared Goff is having an outstanding year – so much so that they will have to extend his contract soon,” Mueller wrote. “With that in mind, if you’re a team that had similar thoughts to me about Hooker and still has doubts about your QB of the future, then why not call Detroit?”