Cincinnati Bengals fans can breathe easy after the team reportedly agreed to a 5-year, $275 million contract extension, according to NFL Insider Jordan Schultz.
Cincinnati had already triggered his $29.5 million option for the 2024 NFL season, which extended the window the two sides had to hammer out a multiyear deal.
"The team indicated this is a mechanical step along the way and it will continue working with Burrow and his representatives to work toward securing his long-term future as a Bengal," the team said in its announcement.
Ahead of the 2023 NFL draft, director of player personnel Duke Tobin told reporters negotiations with the quarterback and others were ongoing.