Josh Jacobs Contract: Raiders, Running Back Agree to Three-Year, $48 Million Extension

Las Vegas Locks Up Star Running Back

The Las Vegas Raiders and running back Josh Jacobs have agreed to a three-year, $48 million contract extension, the team announced Monday. The deal includes $31 million guaranteed and makes Jacobs one of the highest-paid running backs in the NFL.

Jacobs, 24, has been a key part of the Raiders' offense since being drafted in the first round of the 2019 NFL Draft. He has rushed for over 1,000 yards in each of his first three seasons and has scored 28 touchdowns. Jacobs is also a valuable receiver out of the backfield, with 128 receptions for 864 yards and six touchdowns in his career.

Jacobs' Extension a Win-Win for Both Sides

The contract extension is a win-win for both Jacobs and the Raiders. Jacobs gets a significant pay raise and financial security, while the Raiders lock up one of the best young running backs in the league. Jacobs is entering the final year of his rookie contract and was set to become a free agent in 2024, so the extension gives the Raiders peace of mind knowing that they won't lose their star running back.

Jacobs' extension also shows the Raiders' commitment to building a competitive team. The Raiders have made several key additions this offseason, including signing wide receiver Davante Adams and trading for quarterback Derek Carr. The Raiders are hoping that Jacobs, Adams, and Carr can lead them to their first playoff appearance since 2016.

Jacobs' Contract Details

The three-year, $48 million contract extension includes $31 million guaranteed. Jacobs will receive a signing bonus of $16.5 million and a base salary of $8 million in 2023. His base salary will increase to $10 million in 2024 and $13.5 million in 2025. Jacobs also has incentives that could increase the value of the contract to $56 million.

Jacobs' contract is the latest in a series of big-money deals for running backs. In recent months, Christian McCaffrey, Alvin Kamara, and Derrick Henry have all signed contracts worth over $50 million. Jacobs' contract shows that running backs are still valued in the NFL, despite the recent trend towards pass-happy offenses.