Burrow: Contract extension with Bengals 'in the works'

ORCHARD PARK, NEW YORK - JANUARY 22: Joe Burrow #9 of the Cincinnati Bengals warms up prior to the AFC Divisional Playoff game against the Buffalo Bills at Highmark Stadium on January 22, 2023 in Orchard Park, New York.
Bryan M. Bennett / Getty Images Sport / Getty

Joe Burrow appears to be the next quarterback poised to cash in on a contract extension.

The Cincinnati Bengals signal-caller said Tuesday he and the team have started negotiating his new deal.

"I'm involved," Burrow said. "That's in the works. That's not really something that I like to play out in the media. That's something - just the way I think they want to do business, I want to do business - we prefer to keep that between us."

Cincinnati has reportedly prioritized signing Burrow to a long-term extension this offseason. The team picked up the fifth-year option on his rookie deal in April to keep him under contract through the 2024 campaign.

But Burrow isn't the only young Bengals star who will soon need a new contract. Receiver Tee Higgins can also sign an extension after completing his third NFL season, while star wideout Ja'Marr Chase will be eligible for a new deal next offseason.

Burrow said he's mindful of the team's salary-cap situation amid negotiations.

"Whenever you have guys on the team that need to be paid, that's always on your mind," he said. "You want that to be a focal point. So, we're working to make that happen."

This offseason has already seen two quarterbacks secure historic contracts. Philadelphia Eagles passer Jalen Hurts briefly held the title of highest-paid player in NFL history after signing a new deal with an average annual value of $51 million per year, but Baltimore Ravens quarterback Lamar Jackson quickly supplanted him with an extension averaging $52 million annually.

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