The monetary details have emerged from Lamar Jackson’s new five-year contract extension with the Baltimore Ravens.
The former league MVP has agreed to a $260 million deal with the team — surpassing the five-year, $255 million deal signed by Jalen Hurts earlier this month.
Jackson’s deal includes $185 million in guaranteed money, per NFL insider Josina Anderson.
$185 million in “guaranteed” money for Lamar Jackson in his $260 million deal.
Jalen Hurts got $179 million. https://t.co/NRG8KfVXRT
— Dov Kleiman (@NFL_DovKleiman) April 27, 2023
Before today, Jackson and the Ravens had been locked in intense contract negotiations for months. The team hit their superstar quarterback with a non-exclusive franchise tag earlier this offseason, opening the possibility for him to play elsewhere in 2023.
Previous reports from months ago indicated that Jackson wanted a fully-guaranteed contract that exceeded the $230 million given to Deshaun Watson in his deal with the Cleveland Browns. While the guaranteed money isn’t quite the same on this deal, he still gets a massive payday.
In fact, this new contract makes Jackson the highest-paid player in the NFL ($52 million per year).