The Lamar Jackson contract situation has been resolved, he and the Baltimore Ravens have agreed to a five-year extension, per the team.
According to Josina Anderson of CBS Sports, it is a $260 million deal, worth $52 million per year, and it is only an agreement “in principle” but all signs point toward Jackson staying with Baltimore on a long-term basis. The deal also reportedly includes $185 million guaranteed, according to Josina Anderson.
The two-time Pro Bowler, 2019 NFL MVP, and 2019 First-Team All-Pro has been a dominant duel-threat quarterback for Baltimore. The team traded up to the 32nd overall pick in the 2018 NFL Draft to select the Heisman winner out of Louisville. Jackson has over 12,000 passing yards in his career, good for second all-time in Baltimore Ravens history.
During his MVP season in 2019, Jackson broke the single-season record for most rushing yards by a quarterback. Jackson also owns the record for most 1,000-yard rushing seasons for a quarterback in NFL history, with two occurring in 2019 and 2020.
The deal makes Jackson the highest-paid player in NFL history, shortly after Jalen Hurts signed his extension Jackson gets his. The process may have taken longer than expected, but a deal has been agreed upon.