Baker Mayfield contract details: What Buccaneers QB is making in 2024 and beyond

Week 5 of the 2024 NFL season features NFC South foes Tampa Bay Buccaneers and Atlanta Falcons facing off on "Thursday Night Football." Tampa Bay (3-1) is fresh off its best offensive performance of the year so far in a 33-16 win over Philadelphia. Atlanta (2-2) got a last-minute win 26-24 over New Orleans in Week 4 to keep within one game of the Buccaneers for the division lead.

Tampa Bay posted a season-high 334 passing yards against Philadelphia. Through Week 4, Buccaneers quarterback Baker Mayfield is completing a career-high 70.5% of his passes. He's sixth in the NFL in passing yards (984) and second in touchdown passes (eight).

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Here's what to know about his contract.

Baker Mayfield contract details

Mayfield signed an extension with the Buccaneers this offseason to stay with Tampa Bay through the 2026 season.

• Term: 3 years

• Total value: $100 million

• Average annual value (AAV): $33.33 million

• Guaranteed money: $50 million

Mayfield's cap hit per season varies across the contract. For 2024, Mayfield's cap hit is $6.9 million. That escalates to $35.77 million in 2025 and $45.77 million in 2026. There are two void years tacked on to the end of the contract for 2027 and 2028.

Who is the highest-paid NFL player?

Dallas Cowboys quarterback Dak Prescott is the highest-paid player in the NFL by AAV after his new deal prior to the 2024 NFL season. He became the first player to reach $60 million by AAV in NFL history.

Prescott also set the record for guaranteed money at $231 million, breaking the previous record set by Deshaun Watson. Patrick Mahomes still holds the record for total value with his 10-year, $450 million deal he signed in 2020.

HIGHEST-PAID QUARTERBACKS: Where does Baker Mayfield rank?

Full list of highest-paid NFL players

Across all metrics, the top-10 highest paid players in the NFL are all quarterbacks. Here's how the breakdown looks by AAV, guarantees, and total contract value this season.

AAV

• Dak Prescott, Cowboys: $60 million

• Joe Burrow, Bengals: $55 million

• Trevor Lawrence, Jaguars: $55 million

• Jordan Love, Packers: $55 million

• Tua Tagovailoa, Dolphins: $53.1 million

• Jared Goff, Lions: $53 million

• Justin Herbert, Chargers: $52.5 million

• Lamar Jackson, Ravens: $52 million

• Jalen Hurts, Eagles: $51 million

• Kyler Murray, Cardinals: $46.1 million

Guaranteed money

• Dak Prescott, Cowboys: $231 million

• Deshaun Watson, Browns: $230 million

• Joe Burrow, Bengals: $219.01 million

• Justin Herbert, Chargers: $218.74 million

• Trevor Lawrence, Jaguars: $200 million

• Lamar Jackson, Ravens: $185 million

• Jalen Hurts, Eagles: $179.4 million

• Jared Goff: $170.61 million

• Tua Tagovailoa: $167.17 million

• Jordan Love: $160.3 million

Total contract value

• Patrick Mahomes, Chiefs: $450 million

• Joe Burrow, Bengals: $275 million

• Trevor Lawrence, Jaguars: $275 million

• Justin Herbert, Chargers: $262.5 million

• Lamar Jackson, Ravens: $260 million

• Josh Allen, Bills: $258.04 million

• Jalen Hurts, Eagles: $255 million

• Dak Prescott, Cowboys: $240 million

• Kyler Murray, Cardinals: $230.5 million

• Deshaun Watson, Browns: $230 million

Minnesota Vikings wide receiver Justin Jefferson is the highest-paid non-quarterback by AAV at $35 million per year and San Francisco 49ers defensive end Nick Bosa is the highest-paid non-quarterback by total value at $170 million.

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This article originally appeared on USA TODAY: Baker Mayfield contract: Details of Buccaneers QB's latest deal