Following the tentative agreement to acquire edge rusher Maxx Crosby, the Baltimore Ravens have clearly prioritized finalizing a contract extension with quarterback Lamar Jackson. This move is crucial as Jackson’s salary cap hit is set to jump significantly at the start of the new league year, intensifying the urgency of negotiations.
Cap Implications and Owner’s Perspective on Jackson’s Contract
Ravens owner Steve Bisciotti highlighted in January the team’s goal to complete Jackson’s extension before the new league year begins, when his cap charge will rise from $43.5 million to $74.5 million. Bisciotti also explained that without a new deal, the Ravens intend to restructure Jackson’s current contract to manage salary cap constraints, though this would push a larger cap burden into 2027, the contract’s last year.
Lamar Jackson’s Market Value and Comparisons with Other Quarterbacks
For months, Jackson has sought a pay adjustment as his current $52.5 million average per year, once the highest, now places him tenth among NFL quarterbacks. He is ranked behind stars like Dak Prescott, Josh Allen, and Joe Burrow, but also trails newer top quarterbacks such as Trevor Lawrence, Jordan Love, Tua Tagovailoa, Jared Goff, Brock Purdy, and Justin Herbert. Notably, Jackson is the only quarterback in this group with two NFL MVP titles, while the others collectively have just one.
Contract History and Remaining Terms
The Ravens faced challenges in extending Jackson’s deal, revealed in a 61-page collusion grievance. The current contract followed his five-year rookie deal, a franchise tag, and intense negotiations, including an ultimatum set before the 2023 draft with the implication of drafting his replacement if no agreement was reached. Jackson currently has two years remaining on his contract, with a total payout of $104 million, including potential workout bonuses.
Prospects for the Extension and Future Outcomes
Jackson holds the option to play out his current contract and enter free agency in 2028, giving him significant leverage in ongoing talks. Meanwhile, the Ravens face a deadline as the looming $74.5 million cap hit approaches, requiring either a new agreement or a restructuring to manage their financial commitments effectively.
“The Ravens want to make it happen before the start of the league year.” ?Steve Bisciotti, Ravens Owner
“Jackson has wanted an adjustment to his pay for months.” ?Anonymous NFL Analyst
