The deal is for $54 million and could be worth up to $66.5 million with incentives, a source told ESPN's Adam Schefter. The deal also includes $26.5 million in guaranteed money, according to the source.
"Blake's growth and development last season was a key to the success we had as a team," said Tom Coughlin, the Jaguars' executive vice president of football operations. "Blake has proven, with toughness and dependability, that he can be the leader this team needs going forward. Along with this contract come high expectations that he will continue to improve and help our team accomplish its ultimate goal."
Working backwards, Bortles has finished No. 13, No. 9 and No. 4 at his position. That's not a good trend, but he still has three straight seasons finishing in the top 13, and this contract is a vote of confidence from the organization. If Allen Robinson and Marqise Lee stay in Jacksonville, Bortles should have a deep and talented receiving corps to throw to.