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Reports: Jaguars QB Trevor Lawrence signs 5-year, $275M extension

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(Photo credit: Troy Taormina-USA TODAY Sports)
The Jacksonville Jaguars and quarterback Trevor Lawrence agreed to a five-year contract extension worth $275 million with $200 million guaranteed, NFL Network and ESPN reported Thursday.

The deal would give Lawrence $55 million per year, tying Joe Burrow of the Cincinnati Bengals for the highest average annual value among NFL quarterbacks.

Lawrence, the No. 1 overall pick o