The Ravens announced Tuesday that they have placed the franchise tag on quarterback Lamar Jackson ahead of Tuesday’s deadline after both sides were unable to agree on a long-term extension.
“We will continue to negotiate in good faith with Lamar, and we are hopeful that we can strike a long-term deal that is fair to both Lamar and the Ravens,” general manager Eric DeCosta said in a statement. “Our ultimate goal is to build a championship team with Lamar Jackson leading the way for many years to come.”
According to ESPN and NFL Network, the team placed the non-exclusive franchise tag on Jackson. This means Jackson will get paid $32.4 million next year and he is permitted to sign an offer sheet with another team. Baltimore could then decide if they want to trade or keep Jackson.