Derrick Henry's Fantasy Outlook with Lamar Jackson, Ravens After Rumored Contract

Derrick Henry has found a new home.

The longtime Tennessee Titans running back inked a two-year contract worth up to $20 million with the Baltimore Ravens, according to ESPN's Adam Schefter.

Henry spent his first eight NFL seasons in Tennessee, is second in franchise history with 9,502 rushing yards, and leads the Titans in rushing touchdowns with 90. He'll instantly take over as the Ravens' starting running back with Gus Edwards signing with the Los Angeles Chargers and JK Dobbins likely leaving in free agency.

Adding Henry to a Lamar Jackson-led offense should keep him as a viable fantasy option for at least next season. He's finished with at least 10 rushing touchdowns each of the last six seasons and should make it a seventh if he stays healthy in 2024. Edwards set a career high last season with 13 rushing touchdowns, and the Ravens will likely look for Henry to play the same role at a higher level.

Henry's age (30) and the fact he does not many passes out of the backfield will put Henry in the RB2 conversation, but this is about the best-case scenario for his free agency. The threat of Jackson's scrambling ability will open up holes longer as Henry's explosiveness wanes. Jackson will be by far the best quarterback Henry has ever lined up behind.

Saquon Barkley, who signed with the Philadelphia Eagles, is the only back to improve his fantasy value more over the first couple days of free agency. Everything about Henry's situation will improve in Baltimore, so barring a complete collapse in skill, he should be fine coming off the board in the Round 3-4 range.