The deadline for NFL teams to pick up fifth-year options on the rookie contracts of 2021 first-round draft picks has passed.
Teams have decided whether or not to keep those players for a fifth season.
Upon being exercised, the fifth-year option is fully guaranteed, and any base salary in the player's fourth year that was not fully guaranteed will become so.
The fifth-year salary is calculated based on four tiers: Basic, playing time, one Pro Bowl and multiple Pro Bowls.
The Jaguars have picked up Lawrence's fifth-year option -- though the team could sign Lawrence to a long-term extension before the QB even hits his fifth season.
Lawrence has thrown for 11,770 yards and 58 touchdowns in his three seasons with the Jaguars.
He will earn an estimated $25.7 million in 2025.