Ravens and Lamar Jackson Agree to a 5-Year Contract Extension
After hitting an impasse in contract talks this off-season, the star quarterback Lamar Jackson and the Baltimore Ravens reached an agreement in principle on a five-year contract extension on Thursday, Jackson announced in a video posted on the team’s Twitter account.
“For the last few months, there’s been a lot of ‘he said, she said,’ a lot of nail biting, a lot of head scratching going on,” Jackson, 26, said before declaring that he would “light up” the Ravens’ home stadium for the next five years.
The deal is worth $260 million, according to a person with knowledge of the terms of the agreement who requested anonymity because the team had not announced the financial details.
Jackson won the league’s Most Valuable Player Award in 2019 and entered the 2022 N.F.L. season with one year remaining on his rookie contract. Uncertainty had hung over Jackson’s future in Baltimore as he and the team were unable to agree on terms for an extension, and contract talks were paused until the off-season. In March, still unable to agree to terms with Jackson, the team gave him the nonexclusive franchise tag, which is worth about $32 million annually and allowed him to negotiate with other teams.
Source: The New York Times
