What is Joe Burrow's Net Worth and Salary?
Joe Burrow is a professional football quarterback for the NFL's Cincinnati Bengals, boasting a notable net worth of $50 million. Before his professional career, Burrow excelled at Louisiana State University (LSU), securing the Heisman Trophy and leading the team to victory in the 2020 College Football Playoff National Championship. In 2022, Burrow played a pivotal role in bringing the Bengals to their first Super Bowl in 34 years.
Contracts and Salary
Joe Burrow's initial contract with the Bengals was a four-year deal, including an option for a fifth year, worth $36,190,137, entirely guaranteed at signing. This contract included a significant $23,880,100 signing bonus and an average annual salary of $9,047,543. In September 2023, Burrow inked a record-breaking five-year extension worth $275 million, with $219.01 million guaranteed, making him the highest-paid player in NFL history with an average annual salary of $55 million. Interestingly, Burrow has expressed his intention to save his contract earnings and live off his endorsement income instead.
Early Life
Joe Burrow was born on December 10, 1996, in Ames, Iowa, into a family with a rich sports heritage. His father, Jim, was a former football player and coach, while his grandparents and uncle also played sports. Burrow's passion for sports started early; he attended the 2002 Rose Bowl and soon joined youth football leagues. His family moved to Fargo, North Dakota, in 2003, where his father worked as a defensive coordinator. In 2005, they relocated to Athens, Ohio, when Jim joined Ohio University. At Athens High School, Burrow led the football team to three playoff appearances, won the Mr. Football Award and the Gatorade Player of the Year Award as a senior, and also excelled in basketball.
Collegiate Career
In May 2014, Burrow committed to Ohio State University. After redshirting his freshman year, he served as a backup to J.T. Barrett. Graduating early, Burrow transferred to LSU in 2018. His first year with the Tigers was a success, earning SEC Offensive Player of the Week twice and leading the team to a 10-3 record and a number-six AP Poll ranking. His second year saw even more achievements, including setting school records, winning the 2019 Heisman Trophy by a historic margin, and leading LSU to a 42-25 victory over Clemson in the 2020 National Championship Game. Burrow's success at LSU was extraordinary, cementing his legacy in collegiate football.
In recognition of his accomplishments, he won the 2019 Heisman Trophy in the largest margin of victory in that award's history, with 1,846 more votes than the second-place finisher Jalen Hurts. Burrow capped off his incredible LSU career at the 2020 National Championship Game, where he led the Tigers to a 42-25 victory over Clemson.
Cincinnati Bengals
Burrow's entry into the NFL was highly anticipated. Chosen first overall by the Cincinnati Bengals in the 2020 NFL Draft, he made his debut against the Los Angeles Chargers. Despite the loss, he displayed promising talent, throwing for 193 passing yards. His first career passing touchdown came in a game against the Cleveland Browns. Burrow secured his first career win against the Jacksonville Jaguars. In Week 7, he made history as the first NFL rookie to record 400 passing yards, three passing touchdowns, and a rushing touchdown in a single game. Unfortunately, his rookie season was cut short due to ACL and MCL injuries in Week 11.
(Photo by Andy Lyons/Getty Images)
Burrow made a triumphant return for the 2021-22 season, leading the Bengals to a successful 2-1 start. In Week 4, he was named AFC Offensive Player of the Week. His performance peaked in Week 16, where he threw for a career-high 525 yards, ranking fourth in NFL history for passing yards in a single game. This achievement once again earned him the AFC Offensive Player of the Week title. His leadership was instrumental in the Bengals securing their first playoff berth since 2015. The team achieved their first playoff win since 1990 by defeating the Las Vegas Raiders in the wild card round. Burrow's remarkable effort in the AFC Championship Game saw the Bengals overcome a 21-3 deficit to defeat the Kansas City Chiefs 27-24 in overtime, securing their first Super Bowl appearance since 1988.
Franchise Records
With the Bengals, Burrow has set franchise records for completion percentage, passer rating, and passing yards in a single game. He is tied with Boomer Esiason for the most playoff wins by a Bengals quarterback. Notably, he led the team to their first-ever playoff victory on the road against the Tennessee Titans and became the most-sacked quarterback to win a playoff game with nine sacks.
Real Estate
In June 2020, Joe Burrow purchased a home in Cincinnati for $835,000. In July 2023, shortly before his significant contract extension, he invested $7.5 million in a three-acre property in Cincinnati, which includes a 7,000-square-foot mansion.
