Lamar Jackson Agrees to Five-Year Deal with the Baltimore Ravens

The offseason negotiations between the Baltimore Ravens and Lamar Jackson are over as the two have agreed to a new five-year, $260-million deal with $185 million guaranteed for the quarterback, according to NFL Network’s Ian Rapoport.

Jackson was previously placed on a non-exclusive franchise tag in March for $32.415 million for the 2023 season. Under the non-exclusive franchise tag, Jackson could have negotiated a deal with another team, however that team would need to give up two first-round draft picks in exchange for Jackson. No teams made contract offers to Jackson prior to yesterday’s deal with the Ravens.

Jackson is now the highest paid player in the National Football League (NFL).

The Ravens have added additional players to their offense. This included signing free agent wide receiver Odell Beckham Jr. on April 9th and drafting wide receiver Zay Flowers in the first round of last night’s NFL Draft.

Below are reactions about Jackson’s deal.

EDC checks in after agreeing in principle to the deal with @Lj_Era8❗️ pic.twitter.com/kp5w0FJH97

— Baltimore Ravens (@Ravens) April 27, 2023

We’ve agreed in principle on a 5-year contract extension with QB @Lj_era8‼️

😈😈😈😈 pic.twitter.com/tQj1Rzqcha

— Baltimore Ravens (@Ravens) April 27, 2023

@Ravens 💜🖤🤭🏄🏾‍♂️ pic.twitter.com/ODicss9zIG

— Lamar Jackson (@Lj_era8) April 28, 2023

GM Eric DeCosta talks about getting the deal done with QB Lamar Jackson. pic.twitter.com/FAsxU0Nj1y

— Baltimore Ravens (@Ravens) April 28, 2023

“To hear how excited Lamar was on the phone about it, that was really a great moment.” pic.twitter.com/94zQG8m3qN

— Baltimore Ravens (@Ravens) April 28, 2023

.@GovWesMoore on Lamar Jackson staying in Baltimore: “We are proud of our city. We are proud to be Baltimoreans. We’re proud of our winners. It’s an economical benefit to the city, but also a psychological benefit.” #Ravens

— Glenn Clark (@GlennClarkRadio) April 28, 2023

Congrats @Lj_era8, big things ahead! https://t.co/2eDvB0YWwi

— Tom Brady (@TomBrady) April 28, 2023

DeCosta is a big Celtics fan. Said he was ticked off when they blew Game 5, but as he watched Trae Young hit the game-winning shot, he got a text from Lamar Jackson saying “I think we can get a deal done. We’re getting close. I sent back to him, Lamar, you just saved my night.”

— Jeff Zrebiec (@jeffzrebiec) April 28, 2023

About the Author: Kevin Lynch

Founder and Publisher of SouthBmore.com, longtime resident of South Baltimore, and a graduate of Towson University. Diehard Ravens and O's fan, father of three, amateur pizza chef, skateboarder, and "bar food" foodie. Email me at Kevin@InceptMM.com and follow me on Twitter at @SoBoKevin.