Lamar Jackson’s relationship with the Baltimore Ravens has shifted significantly since March 2023, when he initially requested a trade away from the team. Despite this, Baltimore remained intent on retaining him and secured his long-term commitment in April 2023 with a five-year, $260 million contract. This contract made Jackson the highest-paid player in NFL history, putting him among the top earners despite having two MVP awards—more than the nine quarterbacks ahead of him combined.
Following a career-best year with 41 touchdown passes and only four interceptions, Jackson’s exceptional performance continues to justify his status. As discussions have resumed on a contract extension, both Jackson and the Ravens appear motivated to solidify their partnership further into the future.
Potential Extension Offers Financial and Roster Stability
The possibility of a contract extension is appealing not just for Jackson but also for the Ravens’ management. According to Joey Peterson of Ravens Rundown, locking in Jackson’s services long-term will help preserve the core roster by providing much-needed salary cap relief. Peterson explained on Saturday,
“They want to get a deal done… I think they’re going to get a deal done… Baltimore wants Lamar to stay. Lamar wants to stay in Baltimore… something is going to happen… their cap space is totally screwed next season if it doesn’t.” —Joey Peterson
Currently, Jackson’s salary cap hit in 2025 stands at $43.5 million, putting a major strain on the team’s finances. The proposed extension would free up approximately $15.8 million in cap space for the 2024 season, allowing the Ravens to better manage their payroll. Additionally, it is expected to reduce Jackson’s enormous cap charges of $74.5 million in both 2026 and 2027, easing future financial burdens.
Roster Moves Highlight the Importance of Cap Space
The Ravens have acted decisively despite the high cost of Jackson’s contract by re-signing key players such as left tackle Ronnie Stanley and signing cornerbacks Chidobe Awuzie and Jaire Alexander. However, with only $17.5 million in available cap space for 2024 and about $20 million projected for 2026, the team faces difficult decisions regarding free agency.
Several vital players are likely to hit free agency next year, including tight ends Mark Andrews and Isaiah Likely, center Tyler Linderbaum, edge rusher Odafe Oweh, defensive tackle Travis Jones, defensive end David Ojabo, and offensive lineman Daniel Faalele. GM Eric DeCosta will find it challenging to retain all seven, but extra cap space created by Jackson’s extension could enable the Ravens to keep more of these contributors.
Extension’s Impact on Ravens’ Championship Aspirations
A Lamar Jackson contract extension would provide more than just financial flexibility; it helps ensure the team can maintain a competitive roster capable of vying for a Super Bowl. By securing Jackson’s long-term future, the Ravens can build around their star quarterback, preserving a window of opportunity for a championship run. The move promises significant upside with minimal downside, reinforcing Baltimore’s commitment to winning.
With both sides showing willingness to negotiate, news about the deal could arrive before the start of the upcoming season, offering clarity for the Ravens and their fans as they prepare for another playoff push.
Our Reader’s Queries
Q. Who is Lamar Jackson’s idol?
A. Growing up, Lamar Jackson looked up to Michael Vick as his football hero.
Q. Why did Lamar Jackson choose 8?
A. When Jackson arrived at Louisville for college, his decision to wear the number 8 was influenced by his mom, who said it symbolized fresh starts.
Q. Does Lamar Jackson believe in God?
A. Written by a Movieguide® contributor, the Baltimore Ravens quarterback, Lamar Jackson, values his faith deeply. He expressed in a GQ Sports video, “The Bible and God are essential to our lives.” Jackson also mentioned, “I believe God is the reason I wake up every day.”
Q. Was Lamar Jackson a 3 star?
A. ESPN.com and 247Sports both gave Jackson a three-star rating, while Rivals.com rated him with four stars.