The Baltimore Ravens have discussed internally about a Lamar Jackson contract extension.
On Monday, Baltimore Ravens Head Coach John Harbaugh confirmed the team has had internal conversations on a new deal for two-time NFL Most Valuable Player Lamar Jackson.
In 2023, Jackson signed the highest-paid deal in NFL history to the tune of a five-year, $260 million deal. However, the back half of the contract is rather loaded regarding the cap number, as the Ravens will face a $74.5 million cap hit in both 2026 and 2027.
The best way to mitigate the sizable cap hit would be to sign Jackson to a contract extension. The earlier the better, too, as seen by the Buffalo Bills re-signing Josh Allen to a contract extension earlier this offseason and avoiding paying a larger sum down the road.
According to Harbaugh, it’s been an internal topic of discussion.
“There’s been conversations about that internally I know. How far along that is or whatever, I don’t know, but definitely an obvious point that you’re making,” Harbaugh said. “That’s going to continue to have to be addressed really with all those guys. I mean, you just got to kind of manage that dance — the salary cap dance. Lamar is the main part of that because he’s the franchise player. So, that’s a possibility I think. Sooner or later, definitely it’s going to have to happen.”
Cap hits in 2026 become seismic in 2026 not just for the Ravens, but for numerous quarterbacks.
The highest cap hits in 2025 will be Dallas Cowboys’ Dak Prescott ($52.97 million) and Los Angeles Rams’ Matthew Stafford ($49.7 million). But next season, four of them eclipse $70 million.
- Cleveland Browns’ Deshaun Watson — $81.7 million
- Kansas City Chiefs’ Patrick Mahomes — $78.2 million
- Cowboys’ Dak Prescott — $76.5 million
- Lamar Jackson — $74.65 million