The Baltimore Ravens used a non-exclusive franchise tag on quarterback Lamar Jackson Tuesday, locking him under contract for at least one more year.
Franchise tags allow NFL teams to keep one player on their roster who is eligible for free agency if certain conditions are met.
Jackson, 26, is 45-16 as the Ravens starter, but has not gained any traction of interest from other teams.
Because the Ravens used a non-exclusive franchise tag, Jackson remains free to negotiate contracts with other teams. But, the demand for the former MVP-winning quarterback appears to be low.
As Jackson is now under the non-exclusive franchise tag, the Ravens have the right to match any team offer he signs with. If the Ravens don’t match the offer, they’re forced to give two first-round picks to Jackson’s new team.
“This Lamar Jackson situation needs to get more attention,” said former NFL player Richard Sherman in a tweet on teams passing on the Ravens star quarterback. “Teams would rather lose or employ worse players than pay a Former MVP in his prime. Can you imagine Burrows getting a non-exclusive tag and there being no interest?! It’s insane!”
Multiple teams, including the Atlanta Falcons, Washington Commanders and Carolina Panthers have indicated that they will not pursue Jackson.
Why pass on Jackson? According to Fox Sports, Jackson is seeking a contract of around $230 million, fully guaranteed. Most NFL contracts are not fully guaranteed and are dependent on players staying healthy and playing games.
Pundits have slammed the following teams not pursuing Jackson.
“My timeline reacting to the Panthers, Dolphins, Raiders, Falcons, & Commanders all reportedly passing on Lamar Jackson who is one of the few two people to win MVP unanimously,” said Chris Williamson on Twitter, a sports analyst on Amazon Prime.
Jackson famously does not have a sports agent and has chosen to negotiate his contracts himself. Many people are speculating that this is making it more difficult for him to secure a deal.
Should Jackson sign a new contract, he will save money by not having to pay any agent fees. Typical NFL agents get about 3% of clients’ contracts, so for a $200-million contract, Jackson would have to pay an agent about $6 million.
While more than $200 million guaranteed sounds like a lot of money, Cleveland Browns quarterback Deshaun Watson signed a 5-year $230-million, fully-guaranteed contract in March of last year. So, it’s clear to see why Jackson thinks he is worth at least that much money, that’s just the going rate for premier quarterbacks in the league. In fact, earlier this week, New York Giants quarterback Daniel Jones signed a new contract worth about $40 million a year.
The following development between Jackson’s camp and the Ravens. The new 2023 NFL League year is expected to start on March 15.
Produced in association with Benzinga
