The Baltimore Ravens are engaged in discussions regarding a new contract for quarterback Lamar Jackson, following his previous record-setting deal. Coach John Harbaugh highlighted the urgency of the situation, noting that Jackson's value as a franchise player influences the team's salary cap. Since signing a five-year, $260 million contract in 2023, Jackson has won two NFL MVP awards, further solidifying his status as a top player. The Ravens anticipate needing to negotiate a new deal ahead of Jackson's rising salary-cap figure, which could reach $74.65 million in 2026.
At the annual league meeting, Harbaugh indicated that he didn't know whether the team has begun talks with Jackson, who doesn't have an agent and represents himself in negotiations. 'You just got to manage the salary cap dance and Lamar is the main part of that because he's the franchise player,' Harbaugh said.
Since signing what was an NFL record deal two years ago, Jackson has further established himself as one of the league's premier players. He won his second NFL MVP award in 2023 and narrowly repeated as MVP last season, when he finished as a close runner-up to Josh Allen.
Harbaugh emphasized the importance of Jackson's contract situation: 'The value is the top. When Lamar gets paid, he's going to be the highest paid player in football, just like he was last time.'
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