So, 7 years 300 million including his 4th year and 5th year option
Qb market is dumb but he has put up historic passing numbers.
From espn,
"
He has passed for 14,089 yards, besting Andrew Luck for the most passing yards through a quarterbacks first three NFL seasons. He has completed 1,316 career passes, which also is the most in league history through a player's first three seasons. His 64 Total QBR is ranked fourth best in the NFL since his rookie season in 2020.
Herbert has thrown 94 career touchdowns, recording three consecutive seasons with at least 25 passing touchdowns - putting his name alongside Hall of Famer Peyton Manning's as the only quarterbacks to accomplish such feats at the outset of their careers."
Not saying he's worth it but the league has gone bananas with qb contracts so any qb with talent becomes the next highest paid guy.