The Miami Dolphins signed quarterback Tua Tagovailoa to a four-year contract extension valued at a franchise-record $212.4 million, according to a media report Friday.
At an average of $53.1 million per year, Tagovailoa will rank third in the NFL in quarterback pay behind Jacksonville's Trevor Lawrence and Cincinnati's Joe Burrow. The deal includes $167 million guaranteed, eighth most among quarterbacks.
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ESPN first reported the extension, attributing the terms to the agency that represents Tagovailoa, Athletes First.
The Dolphins did not announce the extension, though the team did post a video of Tagovailoa on social media Friday afternoon.
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Tagovailoa was still playing under the contract he signed when the Dolphins made him the fifth overall selection of the 2020 draft. Tagovailoa was looking for a contract similar to those signed by Burrow and Justin Herbert, who were drafted the same year. After their rookie deals, Burrow and Herbert signed multiyear contracts in excess of $200 million.
Throughout negotiations, Tagovailoa participated in the team’s offseason workouts and participated in parts of the first few days of training camp. He was a full participant on Friday.
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Tagovailoa, who sustained multiple concussions his first three NFL seasons, positioned himself for a big pay bump with an injury-free and productive 2023. He threw for 29 touchdowns and a league-best 4,624 yards.
The Dolphins reached the postseason but were eliminated in the first round by eventual Super Bowl champion Kansas City, extending to 24 years their stretch without a playoff win.
The contract extension will keep Tagovailoa with Miami through 2028.
