Ravens Internally Discuss Offering Extension To Lamar Jackson

The Baltimore Ravens have conducted internal conversations this offseason about signing Lamar Jackson to a contract extension. 

Jackson signed a five-year, $260 million contract in 2023, but it was widely viewed as a three-year agreement. The Ravens would likely want a new deal with Jackson before the start of next offseason, when his 2026 salary-cap figure soars to $74.65 million. Jackson's current deal includes $185 million in guaranteed money and averages $52 million per season, which ranks ninth in the NFL.

Josh Allen currently holds the title of the NFL's highest-paid player after signing a six-year, $330 million extension with the Buffalo Bills on March 9. It included a record-setting $250 million in guaranteed money.

Previously, the Ravens and Jackson needed 27 months of contentious negotiations to get a contract agreed upon.