"By triggering a clause that automatically restructures Jackson's deal, Baltimore reduced his 2026 cap figure of $74.5 million, which was the second highest in the NFL entering March, to $34.54 million. This freed up $39.96 million in cap space. The restructuring increases Jackson's cap number in 2027 from $74.5 million to $84.49 million, which would be the third highest in the league."
"The Ravens are still working on a contract extension with Jackson, a two-time NFL MVP who has two years left on his current deal. Without an extension, Jackson can be an unrestricted free agent after the 2027 season. Baltimore needed the cap room to fit Trey Hendrickson's four-year, $112 million contract under the salary cap by the start of the new league year."
"Jackson, 29, is one of the most dynamic playmakers ever at quarterback, beating teams with his arm and his legs. He is tied with Aaron Rodgers for the best passer rating (102.2) in NFL history and holds the record for most career rushing yards by a quarterback (6,522)."
The Baltimore Ravens restructured quarterback Lamar Jackson's contract on Wednesday, creating nearly $40 million in salary cap space. This move allowed the team to accommodate Trey Hendrickson's four-year, $112 million contract as a pass rusher. The restructuring reduced Jackson's 2026 cap figure from $74.5 million to $34.54 million by converting his salary into a bonus spread over four years. However, this increases his 2027 cap number to $84.49 million. The Ravens continue negotiating a contract extension with Jackson, a two-time NFL MVP with two years remaining on his current deal. Without an extension, Jackson becomes an unrestricted free agent after 2027.
Read at ESPN.com
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