Lamar Jackson Contract Extension Has Been Discussed by Ravens, John Harbaugh Says

Baltimore Ravens head coach John Harbaugh revealed that the team has held internal discussions regarding an extension for star quarterback Lamar Jackson.

“How far along that is or whatever, I don’t know,” Harbaugh said, via Myles Simmons of Pro Football Talk. “But I definitely think it’s an obvious point that you’re making, that’s going to continue to have to be addressed, really, with all those guys. You’ve got to just kind of manage that dance — that salary-cap dance. And Lamar is the main part of that because he’s the franchise player. So, that’s a possibility I think."

"Sooner or later, it definitely is going to have to happen," he added.

Jackson previously signed a five-year, $260 million deal with Baltimore that included $185 million guaranteed during the 2023 offseason.

While Jackson has a cap hit of $43.65 million for his 2025 campaign, Baltimore will likely want to extend him and lower is upcoming identical cap hits of $74.65 million in both 2026 and 2027 (via Spotrac).

At the end of the 2024 season, Ravens general manager Eric DeCosta said that he would have discussions with the signal-caller regarding a restructured contract "at some point."

“Yes, we’ve seen teams do that,” DeCosta said, via Myles Simmons of Pro Football Talk. “And Lamar and I, we’ve had a lot of discussions about contracts over the years, and at some point, I’ll probably talk to Lamar. I’m just really happy [and] blessed to have watched him play football this year."

Jackson has established himself as one of the NFL's top players, earning MVP honors in 2019 and 2023 while finishing No. 2 in voting for the 2024 award.

He's coming off another strong season, finishing with a record of 12-5 as a starter while throwing for a career-high 4,172 yards and 41 touchdowns compared to a mere four interceptions.

The 28-year-old also rushed for 915 yards and found the end zone four times on the ground.

Baltimore's 2024 season came to an end in the divisional round of the playoffs with a 27-25 loss to the Buffalo Bills, with Jackson committing two turnovers. He owns a record of just 3-5 in eight postseason starts.

Still, he's shown more than enough to warrant a new contract and it appears to be a topic of discussion for Baltimore's front office.