The Ravens and Lamar Jackson have agreed to a massive contract extension that saw the quarterback become the highest-paid player in NFL history. The five-year extension is worth $260 million, according to NFL Network’s Ian Rapoport.
With the deal in place, Jackson will become the highest-paid player in the league on an annual basis, averaging $52 million per year. His new contract also includes $185 million guaranteed, as first reported by Josina Anderson of CBS Sports.
Baltimore stepped up and offered Jackson the monster deal after the Eagles and quarterback Jalen Hurts agreed to a five-year contract extension worth $255 million that made him the highest-paid player in NFL history at the time, per Rapoport. Hurts’s deal includes as much as $15 million in incentives, meaning Hurts can earn up to $54 million per year and up to $274.3 million total through 2028.
