Lamar Jackson is a two-time NFL MVP and arguably should have won the award in 2024. Baltimore's 2025 NFL season is quickly approaching, and the Ravens' focus has shifted to reshaping the roster and preparing for a juggernaut of a schedule.
The Ravens have made fifth-year option decisions on Kyle Hamilton and Tyler Linderbaum, while Jackson will have a cap hit of over $70 million for the 2026 season. During March's NFL owners' meetings in Florida, head coach John Harbaugh confirmed that Jackson is due for a new deal that will once again make him the highest-paid player in NFL history.
Former sports agent and CBS Sports lead analyst Joel Corry masterfully broke down the leverage Jackson again holds over the franchise with his 2026 and 2027 cap hits being unworkable for the organization.
As Corry pointed out, Jackson just finished the second year of a five-year, $260 million contract signed with the Baltimore Ravens on May 4, 2023. Of this, $185 million is guaranteed, of which $135 million was fully guaranteed at signing.
As of this article, Jackson is the 10th highest-paid quarterback in the NFL after Brock Purdy's new contract.
Corry highlighted that based on recent trends with Dak Prescott and Josh Allen, Jackson can justify $65.5 million to $67 million per year" for a contract extension he signs in the coming months. With inflation and an adjustment for the 24.2% increase of the salary cap since he signed in 2023, Jackson could command upwards of $64.5 million per year.