https://chargerswire.usatoday.com/2023/07/26/chargers-justin-herbert-salary-cap-contract-extension/

Juliette Jones
July 26, 2023 5:59 pm PT

Quarterback Justin Herbert’s payday arrived with the Chargers, agreeing
to terms on a massive $262.5 million extension, locking him in until 2029.

Here is a full breakdown of the cap from Herbert’s new contract moving
forward for the Chargers.

Herbert’s signing bonus is $16.12 million and will be prorated over five
seasons. He also has the chance to earn a bonus of $50.61 million in
2024 (prorated over 5 years) and another option bonus of $45 million in
2024 (prorated over 5 years.)

2023: Base salary of $1.01m, signing bonus (including rookie bonus)
$7.45m, cap hit $8.46m

2024: Base salary of $6m, signing bonus $3.22m, optional bonus $10.12m,
cap hit $19.35m

2025: Base salary of $15m, signing bonus $3.22m, optional bonus $19.12m,
cap hit $37.35m

2026: Base salary of $24m, signing bonus $3.22m, optional bonus $19.12m,
cap hit $46.35m

2027: Base salary of $36m, signing bonus $3.22m, optional bonus $19.12m,
cap hit $58.35m

2028: Base salary of $47m, roster bonus $5m, optional bonus $19.12m, cap
hit $71.12m

2029: Base salary of $40.5m, roster bonus $10m, optional bonus $9m, cap
hit $59.5m

Though the cap numbers above are shockingly high, Herbert should be
restructured going into the 2027 season – five years after his initial
signing. His contract is mostly likely to be either extended again or
reworked to push the cap into further years, extending his time on this
current deal before striking up another one. The salary cap also
increases every season, allowing Herbert to stay well under 20% of the
team’s total projected cap space in the seasons to come.