Cincinnati Bengals quarterback Joe Burrow has agreed to a five-year, $275 million extension, making him the highest-paid player in NFL history.

Burrow, the 2020 No. 1 overall pick, led the Bengals to a Super Bowl LVI title in his second season.

The extension includes $219 million guaranteed, making it the richest contract in NFL history in terms of guaranteed money.

Burrow said he is excited to stay in Cincinnati and continue to build on what the Bengals have accomplished.

Bengals general manager Nick Caserio said Burrow is "the face of our franchise" and that the extension is a "statement" of the team's commitment to him.

Burrow's extension could impact the contracts of other quarterbacks, such as Patrick Mahomes and Josh Allen.

Bengals fans are celebrating Burrow's extension, which they see as a major step forward for the franchise.

Burrow's extension could help the Bengals retain other key players, such as wide receiver Ja'Marr Chase.

Burrow's extension makes the Bengals a Super Bowl contender, and they will be looking to build on their success in 2023.

Burrow's extension is a sign of the changing landscape of the NFL, where quarterbacks are becoming increasingly important and their contracts are becoming more and more lucrative.

The future of the Bengals is bright with Joe Burrow, and they are poised to contend for Super Bowls for years to come.