Tua Tagovailoa and the Dolphins need to quickly reach an agreement after Trevor Lawrence's historic extension

It was reported on Thursday that the Jacksonville Jaguars and their franchise quarterback Trevor Lawrence reached an agreement on a contract extension, making him the highest paid quarterback in the league, per Adam Schefter.

It's no surprise that in each offseason we see top talents in the league receive these big money extensions. Lawrence's deal is reported to be slated for 5 years, worth $275 million with a $200 million guaranteed.

When healthy, Lawrence has proven to be an elite talent. However, critics have sparked concern when discussing this new extension.

NFL on CBS shared on X shared statistics of turnover-to-touchdown ratio for quarterbacks, and it was revealed that Lawrence has committed 60 turnovers with 69 touchdowns in the last three seasons. With this new extension, Lawrence will aim to change that narrative, and progress to committing less turnovers with more scores.

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What this means for Tua Tagovailoa and the Miami Dolphins

As I wrote yesterday, we are still awaiting an agreement between Tagovailoa and the Dolphins regarding a new contract extension. We know the stats Tagovailoa produced last season, but the asking price could be more than the Dolphins are willing to pay.

Tagovailoa shared his thoughts on the Lawrence deal after practice on Friday saying, "The market is the market."

Mike McDaniel stated this week that he isn't concerned with the situation, and is confident a deal will get done, it's just a matter of when. The only concern now is the longer this process takes, the more expensive the deal becomes. The Dolphins have to decide if the price is right for Tagovailoa. Any NFL organization aims to avoid any player hold outs, even if the player is a top star for the team. Regardless, the possibility of a hold out cannot be ruled out. If this happens, however, it would create more drama and uncertainty for the situation.